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Oil prices

  • Will oil prices hit $100 a barrel in 2024?

    April 9, 2024

    Against many market bets, oil prices have risen sharply throughout the first quarter of 2024. But can prices hit $100 this year?

  • Exxonmobil bets £791m on UK oil sector as other operators pull back

    April 8, 2024

    Exxon's bet on diesel appears contrary to a wider trend amongst its petrogiant peers.

  • Gulf Marine Services upgrades outlook again and raises prospect of a dividend as oil sector booms

    April 4, 2024

    Oil field service provider Gulf Marine Services (GMS) has posted a strong set of final results in which net profit, revenue and margins were all up and its debt burden down.

  • Revenue slumps at Enquest as producer attacks ‘challenging’ North Sea operating environment

    March 28, 2024

    Oil producer EnQuest saw revenue fall, but announced a share buyback, in a year trading that was hit by lower oil and gas prices and the continuation of the windfall tax on North Sea oil.

  • Wood Group pushes cost-cutting drive and upgrades 2024 outlook

    March 26, 2024

    The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.

  • Genel Energy boss confident in ‘leaner’ company as Iraq pipeline closure sinks revenue

    March 26, 2024

    Chief executive Paul Weir said his company's cash could double once the pipeline is turned back on

  • Iraq turned off Gulf Keystone oil profits last year

    March 21, 2024

    The firm said that it is selling oil locally and is making "more than enough" to cover expenses

  • UK oil major Wood Group to axe 200 jobs

    March 21, 2024

    The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.

  • Diversified Energy shares slump after firm cuts dividend by two-thirds

    March 19, 2024

    While the company reported growth for both its top and bottom lines, investors have been spooked by management's comments on the group's capital allocation policy.

  • Growing security demands from oil and gas sector drives sales at Synectics

    February 27, 2024

    Growing demand from the oil and gas sector drove sales and profits up at security and surveillance group Synectics during its latest financial year.

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