Harbour Energy ups dividend despite £1bn tax hit May 9, 2024 Harbour Energy has hiked its dividend by nine per cent for the year off the back of better cash flows.
BP reports profit drop as lower oil prices hit earnings May 7, 2024 Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."
Shell focused on ‘delivering more value’ as speculation around US listing swirls May 2, 2024 FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter.
Trinity Exploration and Touchstone Exploration set to merge in all-share deal May 1, 2024 In joint statements issued this morning, Touchstone said it would acquire the entire issued and to be issued ordinary share capital of Trinity in a deal with £24.1m.
Petrofac shareholders could be set for wipeout as company considers debt swap April 29, 2024 Petrofac said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.
Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal? April 24, 2024 Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.
Fossil fuel generation of UK electricity hits all-time low April 24, 2024 Energy think tank Carbon Tracker today said that on Monday, April 15th, just 2.4 per cent of UK electricity came from fossil fuel sources.
Serica Energy chief: ‘High commodity price windfall long gone’ April 24, 2024 Serica Energy today announced its first share buyback programme, totalling £15m.
Ithaca Energy to buy Eni’s UK assets for about £754m April 23, 2024 North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.
Petrofac mulls equity issuance as it battles to stay afloat April 12, 2024 Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.