The pound fell in Asian trading after a weekend terror attack in London killed seven people, days before the nation votes in a snap election.
As an industry we too often have our gaze drawn north towards Aberdeen and south towards London, without giving proper dues to the fantastic work that’s being done in the key energy hubs around the UK.
The FTSE 100 slumped and pound climbed to a one-month high, as Donald Trump’s inauguration speech and protests over his presidency took a bite out of the US dollar.
London’s top-flight index pushed to an all-time high after sterling collapsed following hints from Prime Minister Theresa May that Britain may opt for a so-called “hard Brexit”.
Sound Energy will be included in the London Stock Exchange for the first time later this month.
Brexit will not affect plans for Ineos to set up UK headquarters once again, according to one of the company's bosses.
Allies of Andrea Leadsom have defended her following reports that her “stellar” career in the City had been exaggerated.
For all the uncertainty Scotland faces with the cloud of Britain’s exit from the European Union, there could yet be a silver lining, according to U.K. lawmaker Mark Garnier.
The FTSE 100 Index has slipped back after hitting four-month highs on Tuesday as falling oil prices once more weighed on the London market.
Top flight shares looked like ending the week on the up, as takeover target the London Stock Exchange (LSE) saw its full-year profits surge. The British bourse said adjusted pre-tax profits climbed 31% to £643.4 million, up from £491.7 million in 2014, adding that its £20 billion merger talks with Germany’s Deutsche Borse were making “excellent progress”.
Premier Oil’s shares will resume trading on the London Stock Exchange after reaching a deal with E.ON for its North Sea assets.
Oil prices continued to make gains, signalling brighter prospects for world trade. Brent Crude rose more than half a US dollar to stand at over $35 a barrel.
The London market struggled for direction this morning, despite oil prices continuing to gain ground and brightening prospects for world trade.
European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.
Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.
Markets were up strongly for the second day in a row, as oil prices rose at the end of a turbulent week. The FTSE 100 Index was up 140.5 points to 5914.5, following positive overnight trading in Asian markets.
The Footsie closed down as falling oil prices kept global markets under pressure, but Tesco shares surged after it revealed better-than-expected Christmas trading.
London could run on 100% clean energy by mid-century, with electric cars, solar power and energy efficient homes, it has been claimed.
Aberdeen Asset Management has completed the installation of 1,000 solar panels on an investment property it owns in North London. The Aberdeen investment firm said the installation at the materials recycling facility (MRF) will provide an estimated 225,000 kilowatt hours (kWh) of electricity to tenant Biffa Waste Services, saving around 20 tonnes of carbon dioxide (CO2) annually.
Administrators of UK oil explorer Afren have raised more than £300,000 from the sale of African artwork owned by the company. The array of Nigerian artwork was put up for auction at Bonhams after the company began experiencing trouble earlier this year. Two months ago the Financial Conduct Authority (FCA) said it had cancelled trading shares from the company on the London Stock Exchange.
International arbitration is the most preferred form of dispute resolution for cross-border disputes, including in the oil and gas industry a new study has revealed.
Trading of Max Petroleum ordinary shares are due to be cancelled from the London Stock Exchange amid uncertainty over the company’s financial future.
Engineering group Costain has been awarded a £605million contract for the East works package of the Thames Tideway Tunnel "super-sewer" in London.
London’s top-flight was held back by another difficult session for its big oil and commodities stocks today amid a recovery in shares elsewhere. The FTSE 100 Index was 20.9 points lower at 6529.9 while Germany’s Dax and France’s Cac 40 were ahead, bouncing back from a tough few days for world markets in the previous week. Asian stocks were mixed overnight after figures showing the Japanese economy shrank in the second quarter - with Tokyo’s Nikkei ahead on hopes that it would mean more stimulus for the region’s second biggest economy.
Nostrum Oil & Gas has made a further approach to the board of Tethys in a takeover offer for the company’s entire share capital. The move comes after Tethys made a recent announcement regarding a strategic collaboration with and financing by AGR Energy. Nostrum said it was prepared to provide interim funding to Tethys in connection with the potential offer.