LONDON A BP drilling rig heading to an oilfield in the British North Sea has been forced to turn away twice over the past two days as a Greenpeace vessel protesting climate change tries to hamper its progress.
LONDON Europe's oil and gas sector is building up a crowded pipeline for stock market flotations, but investor appetite is limited given painful experiences after the last oil price crash and a backlash against fossil fuels.
LONDON BP has raised estimates for Saudi Arabia's crude oil reserves by 12%, marking the first major change to the country's estimated reserves since 1989.
LONDON Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change.
LONDON BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.
LONDON, June 7 BP is again seeking buyers
for its stake in the Shearwater oilfield in the British North
Sea after talks with Royal Dutch Shell fell through,
industry and banking sources said.
LONDON Royal Dutch Shell outlined plans on Tuesday to boost shareholder returns after 2020, while also increasing spending on oil, gas and power, as it capitalises on years of cost cutting to prepare for a lower carbon future.
LONDON BP said on Monday it had agreed to sell its interests in the Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil for an undisclosed sum.
LONDON/MOSCOW France's Total is seeking to sell part of its stake in Kazakhstan's giant Kashagan oilfield to raise up to $4 billion, four banking sources said.