Edition:
United Kingdom

Ron Bousso

BP increases stake in solar energy firm Lightsource BP

05 Dec 2019

LONDON BP is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

Oil rises as OPEC weighs deeper output cuts

05 Dec 2019

LONDON Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.

CORRECTED-UPDATE 4-Oil rises as OPEC weighs deeper output cuts

05 Dec 2019

LONDON, Dec 5 Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.

Investors urge Big Oil to follow 'poster child' Repsol's climate pledge

05 Dec 2019

LONDON Investors cheered Spanish group Repsol's pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change.

OPEC+ expected to deepen output cuts to 1.5 million bpd - JPM

03 Dec 2019

LONDON OPEC and other major oil producers are expected to agree to deepen output cuts to 1.5 million barrels per day (bpd) to the end of 2020 from 1.2 million currently to help reduce a global supply overhang, JPMorgan said in a note on Tuesday.

OPEC+ expected to deepen output cuts to 1.5 mln bpd -JPM

03 Dec 2019

LONDON, Dec 3 OPEC and other major oil producers are expected to agree to deeper output cuts of 1.5 million barrels per day to the end of 2020 versus 1.2 million currently to help reduce a global supply overhang, JPMorgan said in a note on Tuesday.

Exclusive: Chevron puts two Nigerian offshore blocks up for sale

28 Nov 2019

LONDON Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of ageing assets to focus on its fast-growing U.S. production.

Exclusive: Chevron puts two Nigerian offshore blocks up for sale

28 Nov 2019

LONDON Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of aging assets to focus on its fast-growing U.S. production.

EXCLUSIVE-Chevron puts two Nigerian offshore blocks up for sale - document

28 Nov 2019

LONDON, Nov 28 Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of ageing assets to focus on its fast-growing U.S. production.

North Sea oil producer Siccar Point attracts bids of up to $2 billion: sources

22 Nov 2019

LONDON Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.

World News