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Cairn Energy disappoints
News Oil giant Cairn Energy has failed to find a commercial discovery at its exploration drilling campaign offshore Greenland, where drilling operations were extended to complete activities on the last two wells in the Atammik block.
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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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