More excitement in the oil and gas sector, with FTSE 100 equipment supplier Petrofac jumping nearly 5%.
Its 50% owned joint venture Petrofac Emirates has just won a gas development contract in Abu Dhabi which could be worth up to $1bn to the company over a four year period. The news has pushed its shares up 33.5p to 727.5p, making it the biggest riser in the leading index at the moment.
Overall the FTSE 100 is up 18.64 points at 4365.10. JP Morgan has joined Goldman Sachs and Intel in pleasing the market, although a poor update from Nokia has taken off some of the shine.
