Higher Oil Price Boosts BP’s Recovery; Profit Up Fourfold

BP’s output in the first six months of the year was 3.662 MMboe/d, including production at Russia’s Rosneft, of which it owns just under a fifth, from 3.544 MMboe/d a year earlier.

Jul 31 2018 - 8:28am

Equinor Q2 Core Earnings Lag Forecasts; Says Too Early For Buybacks

Equinor’s adjusted earnings before interest and taxes rose to $4.3 billion in the second quarter from $3 billion a year ago, missing a forecast for $4.6 billion in a Reuters poll.

Jul 26 2018 - 8:09am

Total Raises 2018 Output, Savings Target As Profits Rise

The group said adjusted net profit for the second quarter soared 44% to $3.6 billion, beating analysts’ estimates of $3.4 billion.

Jul 26 2018 - 7:58am

Seismic Firm PGS Below Second-Quarter Expectations But Outlook Improves

PGS’s April-June core operating earnings (EBITDA) rose to $136.0 million, below the $144 million expected by analysts in a Reuters poll, but up from $112.5 million in same quarter last year.

Jul 19 2018 - 8:00am

How Russian Gas Became Europe’s Most Divisive Commodity

The Nord Stream 2 pipeline will transport Russian gas to Germany but critics warn of political tensions.

Jul 17 2018 - 10:35am

Total Closes $1.5 Billion Deal For Engie's Upstream LNG Business

Total CEO Patrick Pouyanne said in a statement that the acquisition of Engie's upstream LNG business will give Total a worldwide market share of 10%.

Jul 13 2018 - 7:55am

Kremlin Accuses Trump Of Trying To Bully Europe Into Buying US LNG

The Kremlin on July 12 rejected President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies.

Jul 12 2018 - 8:23am

At NATO, Trump Lashes Germany Over Nord Stream Pipeline, Russia

President Donald Trump accused Germany of being a “captive” of Russia on July 11 as Western leaders gathered in Brussels for a NATO summit where Trump wants Europeans to pay more for their own defense.

Jul 11 2018 - 10:07am

Chevron Starts Sale Of Several North Sea Oil, Gas Fields

Chevron has kicked off the sale of a number of its oil and gas fields in the North Sea as part of a review of the U.S. giant's European operations.

Jul 4 2018 - 10:00am

Shell, Exxon Not To Seek Compensation For End Of Groningen Gas Production

The decision to halt Groningen production forced the government to broker a new deal with Shell and Exxon Mobil, whose 50-50 joint venture NAM is responsible for the field.

Jun 25 2018 - 10:17am