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Petrofac upbeat despite dip in orders backlog
Petrofac, the oil and gas services company, played down a lull in its backlog of orders by insisting it was on track to win more business and meet its ambition to double earnings in the five years to 2015.
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National Grid and Petrofac plan �1bn Scottish carbon capture and storage plant
The consortium said it proposed to build a low-carbon coal power station at the Port of Grangemouth, west of Edinburgh on the Firth of Forth in Scotland.
Scottish power plant could utilise CCS technology  The Engineer
Summit Power, National Grid and Petrofac Team Up on DECC Carbon-Capture ...  Business Wire (press release)
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Lukoil chief aims to shake up Arctic oil
Private resources companies will soon be allowed access to Russia's vast Arctic oil and gasfields, and the country's tax system will be changed to promote growth in the sector, according to the chief executive of Lukoil.
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Oil industry struggles to contain risks
One of the main conclusions of the US government report into BP's devastating spill in the Gulf of Mexico was that other countries with strong offshore oil industries such as Britain had better regulatory systems.
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Concern on sales outlook hits Serco
Weir Group sank 4.7 per cent to �19.39 after Citigroup turned negative on the pump-maker. Citi was concerned about limited growth from Weir's oil and gas business for the next two years and that profit margins would fall back in line with Weir's peer ...
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FTSE 100: Energy stocks steam ahead as large-caps flatline
Oil and gas services group, Petrofac, gained 1.4pc. But, that did not much help the benchmark index in morning trading. Persistent concerns over damp global economic growth weighed on the miners, with Vedanta Resources down 2.2pc.
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Oil industry warns of declining North Sea production
Oil production in the North Sea experienced a stark decline in 2011, according to industry body Oil & Gas UK (OGUK). OGUK estimated an 18% fall in North Sea production in 2011 compared with an average 6% decrease over the last five years.
CITY DIARY: John Lewis and Waitrose staff brace for bonus cuts plus Morrisons ...
Commodities giant Glencore International will publish its full year results, while oil and gas company Petrofac will unveil its preliminary results.
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MARKET REPORT: EnQuest gushes on talk of a bid
EnQuest, which has said it aims to boost production to more than 40,000 barrels of oil equivalent a day by 2014, in January agreed to acquire a 20pc stake in the Kraken heavy oil discovery from Canamens Ltd, for �57m cash. A move which prompted broker ...
Fairtrade tea company Clipper snapped up by Wessanen
Jockey Club events hit right notes as it posts record annual turnover of �171.2million · Neil Woodford's cash call raises �800million as fund debuts on LSE · MARKET REPORT: Petrofac hit by triple trouble with third profit warning in a year · Frozen ...
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