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Baltic Oil shares plummet
News Shares in Baltic Oil Terminals dived 35% on the same day the group resumed AIM trading following the release of its interim report which showed a decline in earnings per share (EPS).
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Contract losses hit Wood Group
News Shares in oilfield support services giant Wood Group dropped after the firm admitted international performance for the year ended 31 December will be below expectations.
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BG to earn $3bn in planned Karachaganak 10% sell-off
News Oil and gas giant BG Group is set to receive $3bn in return for reducing its stake in the giant Karachaganak gas-condensate field in north-west Kazakhstan by one-tenth.
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Rockhopper Falklands oil disovery grows
News Rockhopper Exploration, the company which found oil off the north coast of the Falkland Islands, has seen its shares soar 9.3% this morning following the announcement of a successful well dig.
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Petrofac's LFL growth to exceed 20%
News Oilfield services firm Petrofac expects to deliver like-for-like (LFL) profit growth in 2011 of at least 20%, the company announced this morning.
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President Petroleum well disappoints
News Oil and gas firm President Petroleum delivered a mixed bag in its most recent update on its Louisiana operations, but investors chose to focus on the negative, sending the share price nearly 7% lower.
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Gulfsands revenue hit by new regulations
News Oil and gas firm Gulfsands Petroleum has been hit by new EU sanctions in Syria, where the firm operates, which have prevented the group from engaging in activities, including funding activities, connected with its Block 26 fields, until further notice.
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Improvement continues at Ensor, cautious outlook
News Building materials supplier Ensor posted a 31% rise in half year operating profit, upped its dividend payment 57% but said while the second half has started well, it remains cautious about future trading as economic turmoil in Europe continues.
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Range Resources rises after successful drilling beats targets
News Oil company Range Resources has successfully completed the drilling of the step out QUN 116 well where it encountered around 66 feet of net pay zone.
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