Equinor Acquires Scatec Stake In Solar Energy Push

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.

Nov 15 2018 - 9:20am

Macron Agrees With Trump To Pressure Producers To Bring Down Oil Prices

French President Emmanuel Macron said he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down oil prices.

Nov 14 2018 - 3:00pm

Serica Energy Boosts UK North Sea Footprint With BHP Acquisition

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.

Nov 5 2018 - 8:55am

Both Russian, US Gas Are In Germany's Future Energy Mix: Official

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.

Nov 2 2018 - 8:43am

ADES Acquires 12 Rigs From Weatherford In Kuwait

ADES International Holding Ltd. has completed the acquisition of twelve onshore rigs from Weatherford International Plc in Kuwait, the company said on Nov. 2.

Nov 2 2018 - 8:17am

Shell Accelerates Share Buybacks As Profits Soar

Royal Dutch Shell’s (NYSE: RDS.A) profits soared to a four-year high in the third-quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.

Nov 1 2018 - 8:26am

Eni Lowers Production Outlook For 2018

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%.

Oct 26 2018 - 8:28am

Total Raises Production Target As Profits Soar

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.

Oct 26 2018 - 8:19am

Equinor Cuts Capex Spending As 3Q Profit Slightly Lags Forecasts

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.

Oct 25 2018 - 8:11am

Weir Reportedly Launches Sale Of Flow Control Business

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.

Oct 22 2018 - 2:35pm