Statoil

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The Siccar Point Energy-OMV deal marks the biggest acquisition in the UK offshore energy industry since crude prices crashed two years ago

Siccar Point Energy, a company backed by Blackstone, the US private equity group, has agreed to pay up to $1 billion for the North Sea assets of Austr(...)

Statoil, 67 per cent owned by the Norwegian government, and rivals such as BP have slashed spending and reduced costs to protect cash flow and preserve shareholder payouts. Photograph: iStock

Statoil, the first of the major oil companies to report third-quarter earnings, posted an unexpected loss for a second quarter in a row amid lower cru(...)

Murryhill Foods co-founders  Áine Kinsella and Niamh Duffy.

Developing a food product for the mass market is not for the faint-hearted, but Áine Kinsella and Niamh Duffy had a head start. The co-founders of Mur(...)

The power station, which was commissioned in 2002, opened amid controversy, having been built by ESB shortly before the electricity market was deregulated

The ESB subsidiary that runs the Dublin Bay power plant in Ringsend saw profits rise by almost a quarter last year, newly filed accounts show. Synerg(...)

Royal Dutch Shell  blamed its falling profits on weak oil prices and costs related to its $54 billion takeover of BG Group

Royal Dutch Shell has disappointed investors with a 72 per cent fall in quarterly profit that it blamed on weak oil prices and costs related to its $5(...)

Jeremy Masding, group chief executive of Permanent TSB: the bank announced its first profit since 2007,  bringing its stock up 4.73 per cent to €2.168.  Photograph: Dara Mac Dónaill

A raft of earnings announcements helped boost European stocks, raising them out of a doldrum period that saw markets make few gains. Dublin Packagi(...)

Investing in exploration is not for the faint-hearted. Photograph:  Finbarr O’Rourke

As get-rich-quick schemes go, searching for oil or gold could be the most foolish of them all. “Investing in exploration is not for the faint-hearte(...)

The Hywind project will consist of five 6-megawatt turbines. They will float on steel tubes fastened to the seabed about 25 kilometers from the town of Peterhead.

Statoil ASA, the Norwegian energy company, was granted a lease to use the seabed off the east coast of Scotland and can now begin building the world’(...)

Statoil jumped 6.1 per cent after Norway’s biggest oil company unexpectedly posted a profit

Energy companies pushed European equities up for a second day running, amid better-than-estimated earnings reports and news of oil reaching $45 a barr(...)

 BP reported a first quarter loss of $583 million  against profits of $2.6 billion a year earlier as it continues to suffer from sharply lower oil prices. (Photograph:  Dominic Lipinski/PA Wire)

BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil pr(...)

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