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Cosalt in dire straits
News Cosalt, the struggling Grimsby-based safety company for the oil and gas sector, has said that the firm's cash flow position has continued to deteriorate.
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Premier Oil to focus on UK North Sea
News Oil and gas firm Premier Oil said it had abandoned a well off the coast of Norway and would now move its focus onto UK waters.
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Weir Group to pay $675m for Texas firm Seaboard
News Weir Group, the FTSE 100 engineering company servicing the oil, gas and power sectors, is to pay $675m for the US wellhead specialist Seaboard.
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Finnish firm to acquire Hamworthy
News Oil and gas firm Hamworthy is set to be acquired by Finnish group Wärtsilä for around £383m.
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Rockhopper plugs sidetrack well, shares drop
News Oil explorer Rockhopper Exploration says it has completed drilling a sidetrack well at its 14/10-9z site in the North Falkland's basin.
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Falkland Oil looking for cash
News Falkland Oil and Gas (FOGL) saw its share price drop after reporting that the feasibility of drilling a second well at the Scotia prospect is dependent on securing additional funding.
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Max Petroleum's output reaches record levels
News Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, reached a record level of production on 19 November.
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Centrica in £13bn tie up with Statoil
News Centrica, the company which owns British Gas, has signed a deal with the Norwegian company Statoil to buy £13bn worth of gas over ten years.
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Trinidad boost for Range Resources
News Oil firm Range Resources has announced a significant upgrade to proved reserves at its mature oil fields in Trinidad.
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