Aker

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The new  Aker BP will be the seventh-largest producer in Norway, with daily oil and natural gas output of about 122,000 barrels. Photograph: iStock

BP sold its Norwegian oil fields, some more than 40 years old, to a company controlled by billionaire Kjell Inge Roekke in a 10.8 billion kroner (€1.2(...)

Phelim Rooney: “They had no understanding of the expertise needed to do something in the sea”

Phelim Rooney specialises in pipes. Not the kitchen variety, but 400 metre-long jumbos pumping millions of euro worth of oil from the bottom of the se(...)

Stock markets fell sharply in Europe as Middle East crisis intensifies. Photograph: EPA

European stocks fell sharply as violence in the Middle East escalated and a report showed the US economy shrank in the first quarter by the most sinc(...)

Kentz, which has its origins in Clonmel, Co.Tipperary, has reported profit before tax for 2013 of $118 million, up 12.6 per cent on the previous year, from revenue of $1.66 billion. The company’s shares were up 4 per cent in morning trade.

Kentz achieved a double-digit percentage rise in earnings last year, in line with expectations, bucking the trend of rivals hit by falling prof(...)

Ryanair  reported yesterday that it carried a record 9.02 million passengers during August. Photograph: Chris Radburn/PA Wire

Stocks climbed yesterday as European Central Bank president Mario Draghi reiterated that interest rates will stay low for an extended period, while th(...)