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Oil and gas exploration and production firm Hardy Oil & Gas reported a first half pre-tax loss of $5.4m compared with a profit of $9.7m the year before. Revenue at the India-focused firm fell to $5.8m for the six months ended 30 June 2009 from $9.9m the year before. Hardy posted a net loss of $4.3m
Read moreThings just seem to be getting better and better for oil services group Petrofac says the Telegraph. The group designs, builds and operates oil and gas facilities as well as trains personnel and develops exploration and production projects. The company has more than doubled its backlog this year t
Read moreThe movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin
Read moreLondon's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res
Read moreThe Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr
Read moreThe market has given an enthusiastic response to the release of a technical evaluation report on Hardy Oil and Gas's D3 and D9 exploration licences in the Krishna Godavari Basin. The India-focused oil and gas company said the risked Best Estimate Resources for the D3 block is 9.5 trillion cubic fee
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