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LONDON -- RWE reaffirmed expectations of double-digit percentage earnings growth in 2004 after the German multi-utility reported a 36 per cent rise in first-quarter net profits to Euros 925m (Dollars [...]

LONDON -- Ashanti Goldfields reported a sharp fall in full-year net profits in what is likely to be its last set of results ahead of completion of a takeover by [...]

LONDON -- A consortium led by Woodside, Australia's biggest independent oil and gas group, is expected to invest up to Dollars 500m in Mauritania after yesterday giving the go-ahead to [...]

Shares in John Wood Group slid 11 per cent yesterday as its trading statement added to gloom in the oil field services sector. The company said 2003 revenues would increase [...]

Royal Dutch/Shellyesterday quantified progress in its campaign to upgrade its portfolio and boost the return on average capital employed from 13 per cent to 15 per cent. Disposals for 2003 [...]

Hardman Resources is about to increase its exposure in the offshore oil fields of Mauritania, where another discovery yesterday helped to push the explorer's shares up 24 per cent to [...]

Ultra Electronics said in a trading statement yesterday that improved efficiency was compensating for the dollar's weakness and increased insurance and pension costs in the second half. The group, which [...]

Hereward Ventures announced yesterday the acquisition of a 5 per cent stake in three onshore oil exploration blocks in the Isle of Wight and Portsmouth areas from Black Rock. The [...]

Ramco Energy narrowed first-half losses to Pounds 1.25m (Pounds 2.68m) despite turnover down from Pounds 9.8m to Pounds 8.1m. The oilfield services and exploration company confirmed that its gas development [...]

Forth Ports reported a strong performance by its core ports business in the first half, reversing last year's downwards trend, and said it was confident of good full-year growth. The [...]

John Wood Group reported a 14 per cent rise in first-half pre-tax profits and Dollars 100m (Pounds 59.5m) of new contracts yesterday, but said growth might slow in its deep-water [...]

Melrose Resources will turn cash positive next year and raise its production from 1,000 barrels of oil equivalent a day this year to 11,000 boe/d, David Curry, chief executive, said [...]

Cairn Energy delivered better than forecast first-half pre-tax profits of Pounds 38.4m yesterday, a rise of 86 per cent, on turnover up 46 per cent at Pounds 78.6m. Most of [...]

Cairn Energy is toacquire Royal Dutch/Shell's upstream assets in Bangladesh for Dollars 50m (Pounds 29.7m) cash plus royalty payments that analysts estimate could be worth Dollars 25m. The oil exploration [...]

BG lifted pre-tax profits 50 per cent to Pounds 285m in the second quarter, coming in at the top end of forecasts. Frank Chapman, chief executive, said the results were [...]

Norsk Hydro, the Norwegian industrial conglomerate, yesterday said the strength of the Norwegian kroner against the dollar trimmed profits by 18 per cent in the second quarter. Net income fell [...]

Sibir Energy said it was turning the corner this year, as it reported sharply reduced losses and said it had the resources to continue as a going concern. The Aim-traded [...]

Aim-quoted Falkland Islands Holdings yesterday reported an 8 per cent rise in earnings per share to 11.8p (10.9p) for the year to March 31 on slightly improved pre-tax profit of [...]

BP is to develop the Rhum gas field in the North Sea with its partner, the Iranian Oil Company, at a cost of about Pounds 350m. The first gas is [...]

BG Group has secured two long-term supply contracts which will allow it to import natural gas into the US from west Africa, and bolster its position in the developing North [...]

Royal Dutch/Shell increased its European job cuts by 400 yesterday as it gave more details of the restructuring of its exploration and production business in a bid to reduce global [...]

Tullow Oil signalled further acquisitions and a 1p dividend yesterday, as it reported a 41 per cent rise in 2002 pre-tax profits from Pounds 16m to Pounds 22.5m last year. [...]

Clarkson, the shipbroker, saw pre-tax profits more than halved to Pounds 4.5m in 2002 after a record Pounds 9.3m in 2001, but the board maintained the total dividend at 15p. [...]

Forth Ports yesterday reported record annual profits as its property business helped the group to weather challenging conditions at its ports division. Profit before tax and exceptionals beat expectations with [...]

Wood Group, the energy services company, shrugged off market fears for the sector by reporting full-year profits at the very top end of expectations. The Aberdeen-based company, which floated in [...]