Gulf Marine Services upgrades outlook again and raises prospect of a dividend as oil sector booms April 4, 2024 Oil field service provider Gulf Marine Services (GMS) has posted a strong set of final results in which net profit, revenue and margins were all up and its debt burden down.
Revenue slumps at Enquest as producer attacks ‘challenging’ North Sea operating environment March 28, 2024 Oil producer EnQuest saw revenue fall, but announced a share buyback, in a year trading that was hit by lower oil and gas prices and the continuation of the windfall tax on North Sea oil.
Wood Group pushes cost-cutting drive and upgrades 2024 outlook March 26, 2024 The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.
Genel Energy boss confident in ‘leaner’ company as Iraq pipeline closure sinks revenue March 26, 2024 Chief executive Paul Weir said his company's cash could double once the pipeline is turned back on
Iraq turned off Gulf Keystone oil profits last year March 21, 2024 The firm said that it is selling oil locally and is making "more than enough" to cover expenses
UK oil major Wood Group to axe 200 jobs March 21, 2024 The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.
Diversified Energy shares slump after firm cuts dividend by two-thirds March 19, 2024 While the company reported growth for both its top and bottom lines, investors have been spooked by management's comments on the group's capital allocation policy.
Growing security demands from oil and gas sector drives sales at Synectics February 27, 2024 Growing demand from the oil and gas sector drove sales and profits up at security and surveillance group Synectics during its latest financial year.
Moving markets: Five things shaping the FTSE 100 today January 29, 2024 Asia markets soar, oil prices rally amidst Middle East tensions; three U.S. soldiers killed in Jordan. Investors eye U.S. Fed, BOE policy decisions and 'FAAMG' earnings.
Efficacy of new oil and gas licenses in doubt ahead of key MPs bill debate January 19, 2024 Global Witness figures show UK production has fallen 60 per cent during a time when 1,680 new exploration licenses were granted.