A close ally of German Chancellor Angela Merkel issued a stark warning to the U.S. about seeking to block a planned Russia-Germany gas pipeline to shore up its own exports.
The oil and gas company said the name change was a natural step after it decided last year to become a “broad energy” firm, investing up to 15% to 20% of annual capex in “new energy solutions” by 2030, mostly in offshore wind.
Wood Group, which maintained its full-year outlook, said it expected to deliver cost savings of above $50 million in 2018, and that it was confident of recognizing at least $170 million in synergies by the end of the third year after integration.
Last year, BP became the first European oil and gas group to resume share buybacks after the downturn and others have since followed suit.
Helge Lund will succeed Carl-Henric Svanberg as chairman of BP, the company said April 26.
Tullow Oil’s CFO raised the prospect that the Africa-focused producer may resume its dividend, which it froze in 2015 due to the oil price crash, the company said on April 25.
BP Chief Executive Bob Dudley on April 24 urged Cambridge University not to yield to pressure from hundreds of students and academics to cut its investments in fossil fuels and pointed to BP's donations to the university.
Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.
BASF has said the merger will likely close by the end of third-quarter 2018.
The fact higher oil prices have not yet trickled down into shares leaves a lot of room for gains, analysts say.