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.
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.
* Washington says will remove some products from China
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.
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.
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.
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
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
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.
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.