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Shell secures mid-term subsea construction needs

Shell Upstream International Europe has awarded Subsea 7 (Oslo Børs:SUBC) an extension of two underwater services contracts.  More »

Gas shows from latest Falklands well

Falkland Oil and Gas Ltd. (FOGL) will P&A its latest exploration well offshore the Falkland Islands over the next 10 days.  More »

UK duo aim to simplify water injection monitoring

Heriot-Watt University and LUX Innovate have won $117,000 in funding from the UK’s Technology Strategy Board to test a technology for monitoring produced water for reinjection.  More »

UTEC to support SBM construction vessels

SBM Offshore (AMS:SBMO) has awarded offshore survey specialist UTEC a multi-year framework agreement.  More »

Rough weather stops Faroes well

Statoil (OSE:STL) and partners ExxonMobil (NYSE:XOM) and Atlantic Petroleum have temporarily halted operations on the Brugdan II well, 80 km (49.7 mi) offshore the Faroe Islands.  More »

Hollande’s nationalisation threat to Mittal

Hour-long meeting at Elysée saw president demanding steel magnate save 629 jobs under threat from the proposed closure of two blast furnaces  More »

US growth hopes lifted by housing data

Consumers this month were at their most upbeat since 2008, according to an industry group, and business spending showed its first increase since May  More »

Eurozone states face losses on Greek debt

Measures to be implemented will only lower Greek debt to 126.6% of economic output by 2020, not the 124% that has been announced, according to senior officials  More »

Autonomy founder puts pressure on HP

Founder of Autonomy Corporation is demanding an explanation from the board of allegations levelled against him during $8.8bn writedown of the company  More »

Apple takes lead in US smartphone market

Google and Apple extend dominance over rivals RIM and Microsoft, according to the latest figures, but the iPhone 5 launch puts its maker back in front  More »

Record special payouts from US companies

Current tax rate of 15% on corporate dividends could spike to a top rate of more than 40% next year unless Obama and Congress avoid fiscal cliff  More »

Republicans step up attacks on Rice

Senators intensify criticism of ambassador over assault on US consulate in Benghazi in move to block any nomination of her as next secretary of state  More »

Report catalogues concerns about Olam

A photo of a flooded rice farm is central to Muddy Waters’ allegations that several acquisitions by the Singapore group have not met expectations  More »

US fiscal cliff drives special dividends

A record number of US groups are signing off on one-off payouts as they calculate the benefits of rewarding shareholders ahead of looming tax rises  More »

King attacked over Treasury surplus swap

Governor comes under criticism from MPs for allowing the Treasury to transfer £37bn of funds and for not admitting conditions had been eased  More »