Harbour Energy returns to profit despite falling revenue and cash flow August 8, 2024 Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas firm suffering a dip in revenue and cratered free cash flow. The producer had been a victim of the energy profit levy imposed off the back of energy price spikes in 2022, with the 75 per cent [...]
BP: Oil giant lifts dividend as it beats expectations in second quarter July 30, 2024 Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins.
BP shares slide four per cent after warning of £1.6bn impairment July 9, 2024 BP also said its second-quarter results, expected on July 30, will include post-tax adverse adjustments around what it called "onerous contract provisions. These are expected to be between $1bn and $2bn.
Wood bags six-year contract on Shell’s Prelude facility July 9, 2024 Wood, headquarted in Aberdeen, said it would provide brownfield engineering, procurement, and construction management (EPCm) solutions for the LNG facility.
Election 2024: Former Tory tsar to vote for Labour June 21, 2024 The former Tory net zero tsar Chris Skidmore has revealed he will back Labour at the July 4 general election.
Swinney: Labour would cause ‘devastation’ to employment in oil and gas industry June 1, 2024 “There’s a lot of independent commentary that indicates that the plans of the Labour Party and particularly their tax grab that is being perpetuated by the Conservative and Labour parties is having a real damaging effect on investment in the oil and gas sector".
Enquest expects to return to growth despite ‘political uncertainty’ May 30, 2024 Enquest said it's looking to return to growth this year despite ongoing political uncertainty.
Ithaca Energy’s income slumps, but it expects ‘material dividend capacity’ from Eni merger May 28, 2024 Ithaca Energy has suffered a drop in income, but the group remains optimistc about future growth.
Gulf Keystone Petroleum launches buyback to remedy ‘weak share price’ May 13, 2024 Gulf Keystone has struggled over the past year, but the group seems to be making a comeback.
Russia finds huge oil and gas reserves in British Antarctic territory May 12, 2024 Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading to drilling in the pristine region.