OEG awarded £100K contract
Offshore container manufacturer and supplier OEG Offshore (OEG), of Aberdeen, has been awarded a £100,000 contract to provide containers for worldwide use for American deepwater drilling contractor Diamond Offshore.
Markets
Shell reports sharp rise in profits
Oil giant Royal Dutch Shell became the latest energy major to report a sharp increase in second-quarter profits on the back of high oil prices.
Technip raises outlook as firms boost budgets
ENERGY service group Technip raised its full-year outlook yesterday, saying it had benefited from increased spending by oil and gas companies to tap new reserves.
Profits up but Talisman trims production estimates
TALISMAN Energy reported increased profits but revised down its annual production estimate yesterday as it revealed the UK North Sea tax rise would cost it £25million.
Tullow starts trading on African exchange
Tullow Oil completed its first day trading on Ghana's Stock Exchange yesterday, more than doubling the entire market capitalisation of the exchange.
Sterling looking to raise further funds
Oil and gas firm Sterling Resources said yesterday it was to raise up to £31.5million through a share issue.
Profits surge by 869% at Cairn’s Indian subsidiary
Scottish oil firm Cairn Energy's Indian subsidiary has reported a near-ninefold jump in quarterly profits after output climbed.
BG unfazed by near-£200m hit from North Sea tax raid
Oil and gas operator BG Group yesterday revealed a near-£200million tax hit as a result of this year's controversial North Sea tax grab.
BP boss sees need for ‘realistic patience’
BP CHIEF executive Bob Dudley said there was a need for realistic patience after the oil and gas giant struggled to impress investors with its long-term plans yesterday.
Sterling hails approval for £400m Breagh gas project
Banchory-based Sterling Resources has been given official approval to develop its first large-scale venture, marking a major milestone in the oil and gas explorer's growth.
BP to announce second-quarter results
OIL major BP will announce its second-quarter results on Tuesday.
Petrofac to report positive results
PETROFAC, the global oil and gas engineering and facility-management group, reports its annual results on Monday with revenue expected to be about £2.31billion and pre-tax profits £260-£270million.