London afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreUK SMALLCAP ROUNDUP: Ceres Power's Boiler Trials Delayed Again
2nd Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CERES POWER HOLDINGS PLC (CWR.LN), a fuel cell company, Friday announced another delay to the trial of its combined heat-and-power boilers in people's ho
Read moreLondon midday: Stocks steady ahead of US jobless
2nd Jul 2010 12:22
Footsie ended the morning on or around its high for the day but trading is quiet ahead of the release this afternoon of the US non-farm payrolls data. Resource stocks continue to lead the way while banks claw back some of their recent losses as fears over European banks' balance sheets recedes. Da
Read moreNorthern 'not badly affected' by Italy's oil exclusion zone
2nd Jul 2010 11:42
Northern Petroleum is one of the lucky ones as plans by the Italian government to set up a five-mile no-drill zone around its coastline do not affect the AIM-listed explorer. Proposals put forward by Environment Minister Stefania Prestigiacomo look like they “do not affect Northern's reported reser
Read moreUPDATE: Mediterranean Oil & Gas, Petroceltic Face Drill Ban
2nd Jul 2010 10:07
(Adds detail on Petroceltic and Northern Petroleum, analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. oil and gas company Mediterranean Oil & Gas PLC (MOG.LN) and Irish peer Petroceltic International PLC (EG5.DB) were Friday considering where to drill new
Read moreUK SMALLCAP ROUNDUP: Chloride Recommends Emerson's GBP997M Offer
2nd Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CHLORIDE GROUP PLC (CHLD.LN), a maker of secure power systems, recommended shareholders accept a GBP997 million takeover offer from U.S. power and industr
Read moreNorthern Petroleum Sees Little Effect From Italy Drilling Ban
2nd Jul 2010 07:21
LONDON (Dow Jones)--European oil and gas company Northern Petroleum PLC (NOP.LN) Friday said it won't be seriously affected by a proposed drilling ban within five miles of Italy's shore. The proposals, which also suggest banning drilling within 12 miles of a protected coastline, won't affect rev
Read moreNorthern Petroleum Initiates Strategy To Raise Activity, Funds
30th Jun 2010 10:25
LONDON (Dow Jones)--Northern Petroleum PLC (NOP.LN), an independent oil and gas exploration, development and production company, said Wednesday it has initiated a change of strategy to increase activity and greater progress in realizing the potential of its assets. MAIN FACTS: -An emphasis i
Read moreNorthern Petroleum Signs Strategic Seismic Collaboration Pact
28th Jun 2010 07:54
LONDON (Dow Jones)--Northern Petroleum PLC (NOP.LN), an independent oil and gas exploration, development and production company, said Monday it has signed a strategic agreement with PGS Ventures AS, a division of Petroleum Geo Services ASA (PGS.OS) to collaborate on design of geophysical programs ac
Read moreUPDATE: Northern Petroleum To Sell UK Assets, Raise Funds
25th Jun 2010 11:24
(Adds executive comment and detail.) By Hannah Benjamin and Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European oil and gas company Northern Petroleum PLC (NOP.LN) Friday said it is selling its U.K. assets and has agreed to raise GBP10 million in a share sale to focus on pr
Read moreNorthern Petroleum Placing To Raise GBP10M, Making Disposals
25th Jun 2010 08:17
LONDON (Dow Jones)--Oil and gas explorer Northern Petroleum PLC (NOP.LN) Friday announced a placing to raise GBP10 million to accelerate its growth strategy and said it will sell some assets to raise more funds. Northern Petroleum wants to accelerate the development of its existing pipeline of p
Read moreOil price slide sends Northern into losses
8th Jun 2010 12:43
Northern Petroleum, the oil and gas group with assets off the Netherlands coast, fell into losses in the year to December 31 after the collapse in oil prices. It posted a loss of €2.2m compared with a profit of €9.9m the previous year on revenue that fell to €5.1m from €7m. The average price of a
Read moreNorthern Petroleum FY Pretax Loss EUR3.12M Vs Profit EUR11.56M
8th Jun 2010 08:12
LONDON (Dow Jones)--Northern Petroleum Plc (NOP.LN), an independent oil and gas exploration, development and production company announced Tuesday it made a pretax loss of EUR3,124,000 for the year ended December 31, 2009, compared with a profit of EUR11,558,000. MAIN FACTS: -Revenue: EUR5,08
Read moreNorthern names Wright FD
7th Apr 2010 08:04
Aim listed oil and gas exploration group Northern Petroleum has named Nigel Wright as finance director, replacing Chris Foss. Wright, who has previously worked for BP and was most recently CFO of Caithness Petroleum, joins the group as it goes ahead with plans to develop nine further oil and gas di
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