Public E&Ps set for record-breaking $834bn profits this year, says Rystad
Public exploration and production (E&P) companies are set to achieve new record-high profits in 2022, amid bumper cash flows and low levels of reinvestment.
annual profits
Consumer groups attack British Gas over profits
Bumper annual profits at British Gas were slammed as a “slap in the face for families” amid calls for energy firms to cut prices further.
NCS Survey opens international offices
Oil and gas service firm NCS Survey plans to expand its headquarters at Westhill, near Aberdeen, after opening offices in both Brazil and Norway.
Xcite Energy gains as wider market struggles
London's main market struggled to make headway today after a credit rating downgrade in France sparked further uncertainty in Europe.
Wood Group among the bigger Footsie fallers
One of the worst sessions of the year on Wall Street spooked investors on this side of the Atlantic today, driving the FTSE 100 Index more than 1% lower.
Nautical shares among risers, Cairn and Melrose fall
Worrying economic data saw banks drag London's leading shares index into the red today.
Operator to spend £15billion this year
Oil major Total said yesterday it was increasing its global capital spending to £15billion in 2012, up from £12.9billion last year.
Asco counts cost of US warehouse blaze
Annual profits at international energy logistics specialist Asco Group have been hit by the impact of a warehouse fire in the US.
Shell seeks to sell production vessel
Energy giant Shell is looking for a buyer for the Anasuria floating production vessel in the central North Sea plus stakes in associated fields.
BP feeling effects of falling oil demand despite £18.1bn haul
A bigger-than-expected hit from steeply falling oil prices at the end of last year has weighed on BP despite annual profits soaring 39% to a record £18.1billion.
Shell and Exxon next in the spotlight
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
Rising oil prices pump up profits to £3m an hour for energy giants
Oil giants BP and Shell were the toast of shareholders yesterday but faced anger from motorists after pumping profits of more than £3million an hour.