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Category: N2:OILQ1

Norway’s Aker BP operating profit misses as field maintenance hits volumes

OSLO (Reuters) -Norway’s Aker BP missed second-quarter operating profit expectations as field maintenance hit output and exploration costs rose, the independent oil and gas firm’s results showed on Thursday. Earnings...

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John Wood Group unit to pay $18 million to settle bribery charges -U.S. Justice Department

WASHINGTON (Reuters) РAmec Foster Wheeler Energy Ltd, a subsidiary of UK-based engineering company John Wood Group Plc, has agreed to pay $18 million to resolve criminal charges stemming from a scheme to pay bribes to...

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SBM Offshore revenues hit by weak turnkey business

By Juliette Portala (Reuters) – SBM Offshore reported a 15% drop in first-quarter revenues as its turnkey business continued to suffer from tough energy markets, sending it shares as much as 4.6% lower on Wednesday. The...

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Factbox: Energy firms seize on carbon tech, environmental goals to build new businesses

HOUSTON (Reuters) – Major energy companies are turning their carbon sequestration technologies and projects into business ventures, converting some efforts that help pump more oil and gas into profit-making ventures while...

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