News Archive for: October 2014

Cairn Energy confirmed a strong financial position as it prepares to carry out work in the North Sea.

Group cash for the year so far has tallied up to $953million. The firm also confirmed it was fully funded to a free cash flow for the next two years.

The firm’s Catcher…

Oil major Chevron will invest an estimated $6billion in the development of the Hess Corporation operated Stampede project in the Gulf of Mexico.

The company’s subsidiary, Union Oil Company of California (Union), will run the deepwater subsea development which will be tied back to a newly constructed Tension Leg platform.

Production…

Brent oil prices held steady above $86 a barrel on Wednesday as investors awaited guidance from the Federal Reserve on US monetary policy later in the day and after industry data on US inventories came in more or less as expected.Investors were also awaiting data on closely-watched stockpiles from…

The IR35 Business Entity Tests will be dropped from 6 April next year, Her Majesty’s Revenue & Customs (HMRC) has announced.

HMRC’s action follows a review by the IR35 Forum,  in which the tests – designed for businesses to take to self-assess their risk of IR35 – were found to…

Chevron today confirmed its Bangladesh subsidiary started natural gas production from its Bibiyana Expansion Project in the northeastern part of the country.

The announcement comes after a major investment injection expanded the existing plant to process increased natural gas volumes, developed additional wells and produced a new enhanced gas liquid…