Read More Energy Articles

Chariot placing raises $15m

Chariot Oil & Gas Limited (LON:CHAR) has raised $15m, gross, after successfully placing 58,596,038 new ordinary shares at 15p apiece, The proceeds will be used to further the company’s 2014/15 portfolio development activities, facilitate the acceleration and completion of its 3D seismic work commitment in Brazil and add an additional new venture opportunity in a […]

BP buys back shares

BP bought back 880,000 ordinary shares yesterday at prices ranging from 495.95p to 493.00p apiece for cancellation. At 1:48pm: (LON:BP.) BP PLC share price was +3.88p at 495.93p Story provided by

FTSE100 led firmly higher in early deals by resources stocks

MORNING REPORT: The headline index was firmly higher in early deals today, with investors encouraged by strong gains across Asian bourses today. Resources stocks and financial issues led the charge. In early trade, the FTSE100 was up 41.3 points at 6,769.74 and the FTSE250 ahead 66.45 points at 15,552.55. US & ASIA In the US […]

Chariot placing to raise up to $15m

Chariot Oil & Gas is aiming to raise up to $15m through a placing with new and existing eligible institutional investors. The placing is being conducted through an accelerated bookbuilding process and the proceeds will be used to: * facilitate the acceleration and completion of its 3D seismic work in Brazil (approximately US$7.5m) * fund […]

FTSE falls as energy stocks sink, retailers suffer

FTSE indices closed down as an eclectic mix of retail stocks, energy issues and financial plays acted as ballast, with Wall St getting off to a southbound start. At 5 p.m., the FTSE 100 was down 21.01 points, or 0.31%, to 6728.44, and the FTSE 250 was down 70.74 points, or 0.45%, to 15,486.1. In […]

Njord and Hyme resume output, says Faroe

Faroe Petroleum has confirmed that production has recommenced at the Njord and Hyme fields (Faroe 7.5%) in the Norwegian Sea. The fields had been shut-in while structural reinforcement work was carried. Faroe says this work has been completed by operator Statoil, on time and on budget. Average production from Njord and Hyme prior to the […]

BP buys back shares

BP bought back 870,000 ordinary shares on Friday at prices ranging from 497.15p to 492.55p apiece for cancellation. At 2:02pm: (LON:BP.) BP PLC share price was +0.48p at 494.18p Story provided by

Energy XXI declares dividends

Energy XXI’s board has declared a quarterly dividend of $0.12 per share of common stock. The board also declared a $1.8125 per share quarterly dividend on its shares of 7.25% convertible perpetual preferred stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% […]

FTSE falls as supermarkets, oil stocks weigh

Supermarkets weighed on FTSE indices, which were lower midday, after Tesco (TSCO) named its new CEO aside a bleak trading update, with energy plays and broader retail-sector stocks also falling. Near noon, the FTSE 100 was down 16.62 points, or 0.25%, to 6732.83, and the FTSE250 was down 81.33 points, or 0.52%, to 15,475.5. In […]

Alkane completes acquisition of power response firms

Alkane Energy has completed the acquisition of three power response companies, Darent Power, Leven Power and Rhymney Power, following the admission of 22,222,222 placing shares today. The total consideration for the acquisition of the power response sites is £11.75m, comprising approximately £10.68m payable in cash, along with the adoption of approximately £1.07m term loan facility […]

Showing page 1 of 205

MoneyWeek magazine

Latest issue:

Magazine cover
A new lease of life?

The drugs transforming old age

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

What you should really do with your money (2014 Edition)

How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking