Oil
The latest news, updates and opinions on Oil from the expert team here at MoneyWeek
Latest
-
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.
By moneyweek Published
News -
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.
By moneyweek Published
News -
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.
By moneyweek Published
News -
Finnish firm to acquire Hamworthy
News Oil and gas firm Hamworthy is set to be acquired by Finnish group Wärtsilä for around £383m.
By moneyweek Published
News -
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.
By moneyweek Published
News -
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.
By moneyweek Published
News -
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.
By moneyweek Published
News -
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.
By moneyweek Published
News -
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.
By moneyweek Published
News