UK's FTSE 100 extended gains on Tuesday, following reassuring comments by Bank of England (BOE) Governor Andrew Bailey on the stability of the banking sector, while shares of energy heavy-weight BP jumping 2% also lifted investor sentiment.
BP and Abu Dhabi's state oil giant on Tuesday offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.
Oil and gas producer Capricorn Energy said on Thursday it would cut three fourths of its UK staff to keep less than 40 employees there as the oil and gas producer focuses on its Egypt operations.