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.
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.
Oil and gas service firm NCS Survey plans to expand its headquarters at Westhill, near Aberdeen, after opening offices in both Brazil and Norway.
London's main market struggled to make headway today after a credit rating downgrade in France sparked further uncertainty in Europe.
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.
Worrying economic data saw banks drag London's leading shares index into the red today.
Oil major Total said yesterday it was increasing its global capital spending to £15billion in 2012, up from £12.9billion last year.
Annual profits at international energy logistics specialist Asco Group have been hit by the impact of a warehouse fire in the US.
Energy giant Shell is looking for a buyer for the Anasuria floating production vessel in the central North Sea plus stakes in associated fields.
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.
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
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.