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oil industry profits
4.395 documents for oil industry profits
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The oil industry's profits bonanza continued yesterday as surging prices helped Royal Dutch Shell to a surplus of almost pounds8 billion for six months trading. As with rival BP, which announced half-year profits of pounds6.75 billion on Tuesday, higher returns in exploration and production helped Shell to offset increased costs in its refining operation.
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A software firm is planning to build a new training centre after reporting record sales and profits. Sciencesoft, which provides reservoir modelling products for the oil and gas industry, intends to spend around pound(s)120,000 expanding its Glasgow headquarters.
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RBG, the Aberdeen oil services company, saw a major boost in demand last year as commodities hit an all-time high, its latest accounts show. The company, headquartered in Dyce - which provides "life of field" services for the oil and gas industry - reported a 17 per cent increase in turnover last year, to GBP 291.8 million.
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BRITISH Gas yesterday became the first energy giant to call George Osborne's bluff over his Pounds 2billion tax grab on the industry's profits. North Sea oil and gas producers have been in uproar since the Budget, when the Chancellor revealed the windfall tax.
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SCOTTISH airline Loganair defied tough economic conditions, severe winter weather and the volcanic ash cloud to post a hike in pre-tax profits from pound(s)2.52 million to pound(s)2.81m in the year to March. Chairman and majority owner Scott Grier, who led the management buy-out of Loganair from British Midland in 1997, highlighted the importance of charter flights for the oil industry in enabling the company to raise profits in a tough trading period.
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BRITAIN'S oil industry has reacted in fury to Chancellor Gordon Brown's decision to raid its coffers to plug gaps in the nation's finances. Mr Brown announced a pounds 2 billion-a-year tax on North Sea oil profits, which have rocketed as fuel prices have risen. The money will fund a package of assistance for pensioners, while enabling him to freeze duty on petrol and diesel.
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Hauliers bemoan the devastation of their industry as Shell and BP pile up huge haul on surging crude Oil giants Royal Dutch Shell and BP unveiled combined profits of more than pounds7 billion for the first three months of the year yesterday as hauliers took to the streets to protest at record diesel prices.
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AN unrepentant Danny Alexander last night refused to apologise "one bit" for the Treasury's pound(s)2 billion raid on North Sea oil profits, despite alarm among industry leaders that it will choke off investment and cost thousands of jobs. The Chief Secretary to the Treasury said he understood the anger about the surprise levy, but insisted that high oil prices meant producers could afford it. He dismissed warnings about job losses as "scaremongering".
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ACOMPANY which makes parts for the oil and gas exploration industry has increased its profits in the year since it was bought out and is now looking to continue its major investment in machinery. Gateshead-based Anson hit a turnover of pounds 62m in the 66 weeks to December 31, 2009, compared to pounds 47m in the previous 52 weeks, with pre-tax profits up from pounds 12m to pounds 13.4m.
