North Sea explorers get boost as US clamps down on Iran oil exports April 23, 2019 Toughened sanctions against Iran helped push up oil prices over the weekend, lighting a fire under London-listed exploration companies today. The cost of international standard Brent crude has risen 2.9 per cent over since Friday, hitting $74.68 per barrel – its highest point since October. Read more: FTSE 100 climbs to fresh six-month high as [...]
FTSE 100 climbs to fresh six-month high as oil giants surge on tighter US sanctions on Iran April 23, 2019 The FTSE 100 climbed to a new six-month high for the year this morning as oil giants saw shares rise as oil prices rocketed. The blue chip index rose 0.4 per cent in early trading to 7,490 points – its highest since 3 October. Read more: Oil prices reach fresh 2019 high as US tightens sanctions [...]
Oil prices reach fresh 2019 high as US tightens sanctions on Iran April 22, 2019 The price of crude oil climbed over three per cent today following the announcement by the US government that it will end exemptions from Iranian oil sanctions that it granted to countries such as China, India and Japan. Read more: Oil prices reach new 2019 high as tensions rise in Libya Secretary of state Mike Pompeo [...]
Data intelligence platform Adverity closes €11m Series B funding led by London’s Felix Capital April 19, 2019 Data intelligence provider Adverity has closed an €11m Series B funding round led by London-based Felix Capital. The latest funding round, which was supported by Silicon Valley’s Sapphire Ventures and Sap.io, brings the total amount raised to €15m and will contribute to Adverity’s planned US expansion. Read more: Felix Capital leads £3m funding round in [...]
BP sanctions next stage of $6bn Caspian Sea oil field development April 19, 2019 A joint venture involving BP has sanctioned the next stage of a $6bn oil field development in the Caspian Sea. The development includes a new offshore platform and facilitates designed to process up to 100,000 barrels of oil a day and is expected to achieve first production in 2023, producing up to 300m barrels over [...]
Chrysaor takes another big chunk in the North Sea with $2.7bn deal for Conoco Phillips oilfields April 18, 2019 Oil giant Conoco Phillips has exited the North Sea in a $2.7bn (£2.1bn) deal with private equity-backed Chrysaor Holdings. Chrysaor will get access to more than 280 million barrels of oil equivalent when it takes over two hubs in the North Sea, and an interest in the Clair oilfield area in the West of Shetlands region. [...]
Pinterest files for $12.7bn IPO: What it needs to do next April 18, 2019 Image curation site Pinterest will list in the US when the New York Stock Exchange opens later today at $19 per share. The unicorn’s share price, which had more than 250m active users and 2bn searches last year, is above the target range and a valuation that the website received in 2017. Read more: Get [...]
Euro falls as data suggests Eurozone economy will grow just one per cent in 2019 April 18, 2019 The euro suffered today as economic data dealt a fresh blow to hopes for the Eurozone economy. Read more: Eurozone construction sector bounces back in February after weak January Germany and France’s manufacturing industries are contracting, a closely-followed index revealed, with both staying lower than the 50 measure representing growth. Overall, both the Eurozone’s leading [...]
Canadian gas explorer Valeura sees funding in London above Toronto April 17, 2019 The chief executive of gas explorer Valeura Energy today said his company wants to come to London as the capital’s investors are the best for raising funds for its Turkey operations. The CA$256m-market cap (£147m) firm announced it is aiming to list in London next week, after trialling the idea in the past. It raised [...]
Saudi Aramco in talks with Reliance Industries to make third major purchase in weeks April 17, 2019 Saudi Aramco could pay up to $15bn for a stake in an Indian refining and petrochemicals business, according to reports. The Saudi oil giant, which on Monday acquired a large slice of a South Korean refiner, is in talks to buy 25 per cent of Reliance Industry, the Time of India reported. Read more: Saudi [...]