Norway's Equinor boosted its ownership in solar energy producer Scatec Solar as oil and gas firms rush to invest in renewable energy to reduce their carbon footprint.
French President Emmanuel Macron said he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down oil prices.
CEO Mitch Flegg said the closing of pending acquisitions with BHP, BP and Total will represent a “major transformation” for Serica in the U.K. North Sea.
Germany will likely be a buyer of LNG from the U.S. in the medium term, the government official tasked with transatlantic relations said on Nov. 2, but not as a result of any threats from Washington.
ADES International Holding Ltd. has completed the acquisition of twelve onshore rigs from Weatherford International Plc in Kuwait, the company said on Nov. 2.
The major, which reported third-quarter net profit that beat expectations, said it expected oil and gas production to grow about 3% this year, against previous guidance of 4%.
Total’s production rose 8.6% to 2.8 million barrels of oil equivalent per day (MMboe/d), a new record output in a quarter, supported by the start-up of production at the Kaombo project in Angola and the ramp-up of projects such as Yamal LNG in Russia.
Adjusted earnings before interest and taxes rose to $4.8 billion in the quarter, a four-year high, from $2.35 billion during the same quarter in 2017, and compared with $4.9 billion in a Reuters poll of analysts.
British engineer Weir launched the sale of its flow control business expected to generate more than 300 million pounds (US$389 million), Reuters reported citing two unnamed sources.