London’s top-flight index finished on an all-time high for the second year in a row as surging mining stocks ensured a strong performance from the market.
Shares in Wood Group and its takeover target Amec Foster Wheeler (AFW) tanked yesterday after the Serious Fraud Office (SFO) formally launched a probe into alleged bribery and corruption.
About 800 onshore workers employed by Total in Aberdeen are moving into Subsea 7’s old west campus building in nearby Westhill.
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
The Unite union focused, not surprisingly, on the inevitable job losses.
Scottish engineer Weir Group said today it returned to growth during the final quarter of 2016, boosted by a recovery in oil and gas markets.
Plexus Holdings warned today its revenue for the current trading year was “running materially behind expectations”.
Energy service company Halliburton Company highlighted “ a tale of two cycles”, with the North America market seemingly on the mend but continued woes elsewhere, as it delivered its 2016 results.
Higher petrol and food prices are expected to send inflation to a 28-month high when official figures are released today.
A new poll of oil market experts has found they expect the price of a barrel of Brent crude to gradually rise towards $60 per barrel by the end of 2017, from an average of about $45 this year.
North Sea operator Premier Oil announced a further deferral of lenders’ covenant tests yesterday as it continues to negotiate a refinancing.
Energy services firm Subsea saw its share price surge more than 5% in Oslo today after forecast-busting third quarter results.
APR Energy has confirmed that the consortium of investors have acquired a 57% stake in the mobile power provider.
Economic growth picked up in the final quarter of 2015 despite continuing problems for manufacturers, a new study has shown.
Oil and gas shares staged a partial recovery yesterday as the City bounced back from “Black Monday”.