Offshore engineering group Subsea 7 has secured a £63m contract with BP for work on a major project off the Shetland Islands. The contract will secure the future of 100 jobs in Wick. Subsea 7, a £59.6m turnover company with a 5,500-strong global workforce, has previously worked with BP on similar contracts.

As part of its ongoing expansion, Nottinghamshire-based alternative energy company Alkane Energy has acquired rival company Greenpark Energy for £5.7m.

Royal Dutch Shell's fourth quarter 2011 earnings, on a current cost of supplies basis, were $6.5bn compared with $5.7bn in the same quarter a year ago. Full year 2011 CCS earnings were $28.6bn compared with $18.6bn in 2010. Cash flow from operating activities was $6.5 billion for the fourth quarter 2011 and $36.8 billion for the full year.

NG. - today announces the appointment of Dr Paul Golby CBE FREng, as a Non-executive Director with effect from 1 February 2012.    Paul Golby's most recent role was with E.ON UK plc.  He joined East Midlands Electricity plc in 1998 and became Chief Executive and Chairman of E.ON UK plc (formerly...