Edition:
United Kingdom

Karolin Schaps

Shell beats third-quarter expectations as profit jumps on refining

02 Nov 2017

LONDON/AMSTERDAM Royal Dutch Shell reported a near 50 percent rise in quarterly profits, driven by strong refining, while solid cash generation underscored the oil and gas company has adapted well to a world of low oil prices. | Video

BP revives share buybacks as years of austerity pay off

31 Oct 2017

LONDON BP will become the first major European oil and gas company to resume share buybacks since the 2014 price slump, a sign years of austerity have paid off. | Video

Genel confident on Iraqi Kurdistan oil payments despite tensions

19 Oct 2017

Genel Energy said it was confident the semi-autonomous Kurdistan Regional Government (KRG) in Iraq will continue meeting oil export payments despite tensions with the central government following the region's independence referendum last month.

Shell buys NewMotion charging network in first electric vehicle deal

12 Oct 2017

AMSTERDAM Royal Dutch Shell has agreed to buy Dutch-based NewMotion, the owner of one of Europe's largest electric vehicle charging networks, marking the company's first deal in electric mobility as demand for cleaner vehicles is expected to soar.

Interview - Shell takes venture fund into "explosive" Chinese market

28 Sep 2017

AMSTERDAM Royal Dutch Shell is opening the first Chinese office of its venture capital fund and recruiting three local investment staff there to tap a market where it sees "explosive" growth, the head of the business told Reuters on Thursday.

Tullow to resume Ghana oilfield expansion after border dispute ruling

25 Sep 2017

Africa's biggest independent oil producer, Tullow Oil, is back on track to expand its flagship oilfields off Ghana's coast after a two-year drilling block due to a border dispute.

BP sees strong profits in renewed Azeri oil contract

14 Sep 2017

LONDON A deal by BP to extend oil production-sharing in Azerbaijan by 25 years is profitable at current oil prices even after paying a signing bonus and cutting foreign companies' stake in the project, Chief Executive Bob Dudley said.

BP sees strong profits in renewed Azeri oil contract

14 Sep 2017

LONDON A deal by BP to extend oil production-sharing in Azerbaijan by 25 years is profitable at current oil prices even after paying a signing bonus and cutting foreign companies' stake in the project, Chief Executive Bob Dudley said.

Premier Oil seeks buyer for stake in North Sea gas field

14 Sep 2017

LONDON Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil market downturn.

Electric cars and renewables not enough to meet Paris climate goal: consultant

04 Sep 2017

ARNHEM, The Netherlands The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy.

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the centre of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.