Icahn reveals 8.5% stake in Freeport

Activist to discuss capex, executive pay and production costs

Oil price fall hits Canada’s big banks

Jump in bad loan provisions drags down company earnings

CRH options not Manifold in a downturn

Irish giant might yet have cause to regret big deals

Professional services: Accounting for change

Consulting is back in vogue among the Big Four firms but some fear audit quality is at risk amid potential conflicts of interest

Ironman: Wanda why?

Chinese billionaire is obviously in it for the long run

Statoil ASA and partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS have made a high-impact oil discovery on the Aldous Major South prospect (PL 265) in the North Sea. Aldous Major South is located in licence 265. Statoil is the operator and has a 40% interest. The other partners are Petoro (30%), Det norske oljeselskap (20%) and Lundin (10%). The well was drilled by the Transocean Leader drilling rig brukt i WE oktober 2011 Funnet Aldous har fått felt navnet Johan Sverdrup
©Harald Pattersen/Statoil

North Sea oil: northern exposure

Nostalgia lingers for when the UK was considered an oil power

Amec Foster Wheeler’s profits fall 24%

Oil services company expects a deterioration in profit margin amid crude price fall

Total to sell $900m of North Sea assets

French group exits gas terminal and pipelines amid oil slide

Atlas Mara: Diamond in the rough

Shares in former Barclays chief’s African venture are struggling

Hastings gears up for £1bn autumn float

Chief executive assures investors Goldman-backed insurer has ‘eye on the ball’

Use of covenants wanes in debt markets

‘False bravado’ and investors’ lack of protection causes concern

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