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United Kingdom

Ron Bousso

Premier Oil shares jump on higher profits, Zama stake disposal

10:53am BST

Britain's Premier Oil reported a 23.5% jump in first-half profit on Thursday powered by record output and said it planned to sell its stake in the offshore Zama field in Mexico to reduce debt.

Exclusive: After 50 years in UK North Sea, Exxon eyes the exit - sources

13 Aug 2019

LONDON Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.

UPDATE 6-Oil soars on easing U.S.-China trade tensions

13 Aug 2019

* Washington says will remove some products from China tariff list

Tullow shares soar 20% on Guyana oil discovery

12 Aug 2019

LONDON/GEORGETOWN Tullow Oil PLC said on Monday it has made a large oil discovery in Guyana, sending its share price soaring on expectations that it will develop a productive field in the South American country's nascent oil industry.

Exxon hires Jefferies to accelerate Norwegian asset sales

08 Aug 2019

LONDON U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.

Exxon hires Jefferies to accelerate Norwegian asset sales

08 Aug 2019

LONDON, Aug 8 U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.

LNG prices push Shell profit to 30-month low, shares slump

01 Aug 2019

LONDON Royal Dutch Shell's second-quarter profit slumped to a 30-month low on weaker gas prices and refining margins, denting a steady recovery in recent years and sending the Anglo-Dutch energy company's shares down 5%. | Video

BP profit again outstrips forecasts, lifted by higher oil output

30 Jul 2019

LONDON A strong rise in oil and gas production helped BP offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. | Video

Sarasin cuts Shell stake, criticising its climate strategy

10 Jul 2019

LONDON London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell , saying the oil and gas company's spending plans are out of synch with international targets to battle climate change.

Exclusive: North Sea oil producer Siccar Point eyes sale - sources

05 Jul 2019

LONDON Private equity-backed oil and gas producer Siccar Point is testing the waters for its potential sale later this year, hoping to attract interest for its mostly untapped North Sea resources, industry and banking sources said.

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