US Driven By Self-Interest In Wanting To Block Nord Stream 2: German Minister

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.

May 18 2018 - 8:16am

Statoil To Become Equinor As It Diversifies Business

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.

May 15 2018 - 8:21am

Wood Group Sees Good Trading Momentum, Amec Integration Ahead Of Schedule

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.

May 11 2018 - 9:20am

BP Hints At Future Dividend Increases

Last year, BP became the first European oil and gas group to resume share buybacks after the downturn and others have since followed suit.

May 1 2018 - 7:35am

Helge Lund To Succeed Carl-Henric Svanberg As BP Chairman

Helge Lund will succeed Carl-Henric Svanberg as chairman of BP, the company said April 26.

Apr 26 2018 - 8:16am

Tullow Oil CFO Raises Prospect Of Return To Dividends

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.

Apr 25 2018 - 9:48am

Cambridge Donor BP Urges University To Keep Fossil Fuel Investments

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.

Apr 24 2018 - 1:33pm

Saipem Scouting Around As Subsea 7 Bid Makes Waves

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.

Apr 24 2018 - 8:31am

DEA, Wintershall Merger Deal Nears 2018 Closing, IPO In 2020

BASF has said the merger will likely close by the end of third-quarter 2018.

Apr 24 2018 - 8:24am

Oil Stocks Face Crucial Earnings Test As Investors Venture Back In

The fact higher oil prices have not yet trickled down into shares leaves a lot of room for gains, analysts say.

Apr 20 2018 - 12:15pm