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Cove rises on well success
News East African oil and gas explorer Cove Energy saw over a 10% rise in its share price on Monday morning after the firm achieved its thickest gas pay to date at the Barquentine-3 appraisal well in the Rovuma Basin Area.
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SSE unit in double project win
News Scottish and Southern Energy Power Distribution (SSEPD) has been given the go ahead from energy regulator Ofgem for its £64m low carbon network projects in the Thames Valley and Shetland.
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Salamander ups stake in Indonesian license
News Salamander Energy is to up its stake in the Bangkanai production sharing contract (PSC) located one of the group's core focus areas - Central Kalimantan, Indonesia.
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Active Energy acquires Bioenerho
News Voltage optimisation equipment firm Active Energy has acquired Bioenerho-Leader for an initial consideration of 40,000,000 new ordinary shares, priced at 7.5p each.
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Hunting absorbs £570m on acquisitions
News Hunting, the FTSE 250 energy services company, absorbed around £570m in cash during the period between first July and 16 November, following a series of four acquisitions.
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Salamander changing focus, enjoys success in Indonesia
News South-east Asia-focused oil and gas group Salamander Energy has undergone a strategic realignment of its portfolio, increasing its focus on core growth areas during the second half of this year.
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Centrica issues profit warning as it feels the heat
News The latest update from energy provider Centrica suggests that every silver lining has a cloud, as the company warned that the recent warm spell in the UK will hit full-year earnings.
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Profits down 3% at New World Resources
News New World Resources, a FTSE 250 producer of coal for the steel and energy sectors, has seen profits before tax fall 3% in the nine months to the end of September, compared to the equivalent period of 2010.
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Xcite continues progress in Dundee
News North Sea oilfields operator Xcite Energy has reported continued progress in its technical and operational plans during and beyond the three months ended 30 September.
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