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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 moreAntrim Energy advanced Monday following the announcement of the first oil production from its Cormorant East Field in UK Northern North Sea. The oil and gas company said an initial production rate of 5,500 barrels of oil per day with no water was achieved - 85 days following the discovery of the fi
Read moreAntrim Energy plunged on Thursday morning after announcing its 30 per cent-owned Cyclone well in the North Sea had failed to strike oil. The firm said that after drilling 6,076ft it hit 105ft of Palaeocene Cromarty sands but the well logs identified only residual oil. This suggested that the tra
Read moreNorth Sea-focused explorer Antrim Energy jumped on Thursday after two pieces of news got investors excited. The firm said Premier Oil had begun drilling operations at the Cyclone prospect in the Central North Sea, in which Antrim has a 30% working interest. The drilling will target the Tertiary Cr
Read moreOil firm Antrim Energy has bagged itself an option to lease a floating production, storage and offloading (FPSO) vessel for the development of its wholly-owned Fyne Field in the North Sea. Antrim will need the FPSO should the UK Department of Energy and Climate Change give the green light to the Fi
Read moreInitial production rates on Valiant Petroleum's Causeway field in the North Sea have proved lower than expected, due to problems associated with the long horizontal nature of the well. Valiant, with a 64.5% stake, is the operator of the field while Canada's Antrim Energy owns the rest of the rights
Read moreAfferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis
Read moreThe London listed, but Canada headquartered oil firm, Antrim Energy has managed to agree a significant sales contract with BP. The sale of Antrim's 35.5% share of oil produced from the Causeway Field in the North Sea will see BP get access to a site that has tested at 14,500 barrels of oil per day.
Read moreSunrise Resources, the minerals explorer, says it has completed the first Aboriginal heritage survey at its Cue kimberlite site in Western Australia, with drill testing expected to start next week. The group also says mining studies have been 'largely completed' at its Derryginagh barite project in
Read moreAIM-listed oil and gas group Antrim Energy is to regain working interest, reserves and operatorship in the Fyne Licence in the North Sea from Premier Oil, under the terms of the joint operating agreement (JOA). The Canada-based company said its working interest in Fyne (Central North Sea Licence P0
Read moreFTSE 250 oil and gas exploration and production firm Premier Oil has reported that the East Fyne Appraisal well in the North Sea, which it operates on behalf of JV partners which include Antrim, is being plugged and abandoned. The news comes after the firm encountered 11 feet of gas bearing sand a
Read moreThe bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s
Read moreFootsie has battled its way above 5500, and there are just a handful of the top-share index's constituents that are not participating in the advance, including banking titans Lloyds, Standard Chartered, HSBC and Royal Bank of Scotland. Hopes that the US recovery is gathering pace and that it might,
Read moreShares in London were up as investors began to believe the US recovery is gathering pace, perhaps with the prospect of dragging Europe along with it. The main indicator out of the US will be the number of new home sales, due after the market closes in London but hopes are high the figures will show
Read moreThe top-share index briefly broke through the 5500 barrier this morning but could not sustain it, as traders' thoughts turn to mince pies, mulled wine and a dash to the shops for a bit of last minute Christmas shopping - and, while they are at it, to check that the shops are still in business. Blac
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