North Sea oil and gas giants BP and Shell will sum up a torrid year for the industry globally in annual results this week.
full year results
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Baker Hughes has closed out its “incredibly challenging” 2020 financial year with pre-tax losses of $15.2billion (£11bn).
Aberdeen-headquartered energy services firm Wood has reported a profit jump in its full year results for 2019.
Weak natural gas and LNG prices will put a dent in the full year earnings of Shell and BP when the supermajors report their results in the next two weeks, an analyst has said.
Wood Group's appetite for mergers and acquisitions is "undiminished", according to company bosses.
The boss of Wood Group claims the oil and gas service giant is "well positioned" for the Permian play.
Chevron suffered losses of more than $2billion last year as low oil prices continued to weigh on the US major’s balance sheet.
Wood Group, the Aberdeen-based oilfield services firm, has reported earnings of $470million in 2015, down from $550 in 2014, saying its performance demonstrated resilience and flexibility in challenging markets.
Premier oil's North Sea Huntington field, expected on stream at the end of the month, will add a further boost to the firm’s rising production figures.
London's FTSE 100 Index slid below the 6,500 barrier today as disappointing US economic indicators sent world markets into the red.
The FTSE 100 Index closed above 6,500 for the first time since the start of 2008 today as the London market weathered fresh gloom from the eurozone.
London's leading shares index ended the week on a high note today amid hopes for a solution to the eurozone crisis and a resilient performance from the scandal-hit banking sector.
The FTSE 100 Index moved closer to the 6000 mark today after further evidence of a US recovery triggered gains of more than 1%.
Amec's full-year results were almost exactly in line with consensus stock market forecasts for revenue, operating profits and earnings per share (EPS).
Further signs of recovery in the US and renewed hopes of a bail-out for Greece helped boost world markets today.
Energy giant BP is likely to agree to pay the US justice department up to £16.2billion to settle all charges linked to its Gulf of Mexico oil spill, says a top analyst.