UK oil and gas jobs set to increase, says new forecast
14th Jan 2013 11:35
Offshore jobs in the UK's oil and gas industry will grow this year on the back increased investments in the North Sea, according to a review. Oilandgaspeople.com, a recruitment firm specialising in the energy sector, has forecast the creation of between 40,000 and 50,000 new jobs in its annual revi
Read moreBP legal move to cut civil liability
14th Jan 2013 08:13
Oil giant BP has taken legal steps to cut the civil damages it faces for the Deepwater Horizon disaster by up to 3.4bn dollars. The firm has asked a New Orleans court hearing the case against it for civil penalties and damages to rule that at least 810,000 barrels of oil had been captured during th
Read moreSunday newspaper round-up: Marks&Spencer, Sterling, Vodafone
13th Jan 2013 18:41
Last week showed that the M&S riddle - whether the 81,000 person strong outfit will survive - remains unsolved. Over the crucial Christmas trading period sales of general merchandise were down 3.8 per cent ? much worse than the 1.5 per cent fall the market had expected. The nasty numbers were made w
Read moreOffice of Fair Trading clears DCC and BP deal
11th Jan 2013 15:27
The UK Office of Fair Trading (OFT) has given the green light to DCC in the acquisition of BP's liquefied petroleum gas (LPG) business in Britain. DCC - a sales, marketing, distribution and business support services group - said on Friday it was now able to integrate the BP business with its existi
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read moreFTSE 100 movers: BP is strongest riser after Transocean accepts fine
4th Jan 2013 15:08
BP, which rose early on following news the company which loaned it the Deepwater Horizon rig back in 2010 had agreed a 1.4bn dollar settlement for the part it played in the gulf of Mexico oil spill that followed the fatal explosion of the rig. Speaking of Transocean's settlement, BP said: 'In settli
Read moreLondon midday: Markets cautious ahead of US jobs data
4th Jan 2013 11:39
Stocks were trading broadly flat on Friday morning with just 10 points separating the FTSE 100's intraday low and high, with markets showing caution ahead of the US employment report out in the next few hours. The Footsie began today's session in the red as investors digested last night's release o
Read moreTransocean admits Deepwater Horizon guilt
4th Jan 2013 09:17
Transocean, the owner of the Deepwater Horizon oil rig, has agreed a 1.4bn dollar settlement with the US government. The Swiss-based company will pay $400m in criminal penalties and a $1bn civil fine after pleading guilty to violating the Clean Water Act. The rig, which was leased by BP, exploded
Read moreLondon open: Stocks pull back after FOMC minutes
4th Jan 2013 08:20
Following a 150-point surge over the last two days, the FTSE 100 pulled back in early trading on Friday following the release of the minutes of the latest Federal Reserve meeting last night. While there was a clear majority in favour of further asset purchases (the third round of quantitative easin
Read moreFriday newspaper round-up: Transocean, Fed, Twitter...
4th Jan 2013 06:51
The owner of the Deepwater Horizon rig has finally owned up to playing a part in the Gulf of Mexico disaster after reaching a 1.4 billion-dollar settlement with the US Department of Justice. Transocean owned the rig hired by BP, which exploded in April 2010, killing 11 workers and causing the bigges
Read moreLondon close: FTSE 100 cracks 6,000 after US budget deal
2nd Jan 2013 16:30
- Footsie surges 2.2 per cent - Global stock markets rally, helped by manufacturing figures - Miners benefit from increased risk appetite The FTSE 100 surged past the psychologically-important level of 6,000 on Wednesday as stock markets across the globe celebrated the last-minute deal by US politi
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreProduction starts at BP Norway field
2nd Jan 2013 08:51
BP rose on Wednesday after announcing the successful start of production from the Skarv field in the Norwegian Sea. Production started at the site, which is a quarter-owned and operated by BP, on 31st December. BP group chief executive. Bob Dudley, called the start-up of Skarv "a key operational
Read moreLondon open: Fiscal cliff deal ignites risk appetite
2nd Jan 2013 08:21
The FTSE 100 surged on Wednesday morning as investors celebrated the news that the fiscal cliff deal Stateside, with mining and banking stocks benefitting from the increase in risk appetite. "It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting
Read moreSunday newspaper round-up: BoE, EU membership, BP
23rd Dec 2012 22:56
Although still in the minority, a handful of leading experts believe the Bank of England (BoE) will come under pressure to raise rates towards the end of 2013 - 18 months earlier than markets are predicting. Simon Ward, chief UK economist at Henderson Global Investors, said rates will rise from thei
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