Edition:
United Kingdom

Shadia Nasralla

Tullow Oil's new strategy focuses on squeezing West Africa fields

25 Nov 2020

LONDON Britain's Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt.

CORRECTED-UPDATE 1-Tullow Oil's new strategy focuses on squeezing W.African oilfields

25 Nov 2020

LONDON, Nov 25 Tullow Oil will commit 90% of its investments in coming years on its existing oilfields offshore West Africa and move exploration activities to the back burner as it seeks to reduce its debt burden.

Oil prices rise on COVID-19 vaccine news

23 Nov 2020

LONDON Oil prices rose on Monday, extending last week's gains as traders anticipated coronavirus vaccine trials would spur a recovery in demand.

EU, UN-led pact commits oil and gas firms to tackle methane emissions

23 Nov 2020

LONDON Dozens of oil and gas companies on Monday committed to report more accurately on and, ultimately, reduce emissions of the potent greenhouse gas methane which is liable to leak from oilfields and pipelines.

Brent contango narrowing on possible OPEC+ action, recovering Asian demand

19 Nov 2020

LONDON Brent crude oil futures' spreads in 2021 have narrowed significantly as demand from Asia has been strong and markets remained hopeful that OPEC and its allies could extend their output cuts.

UPDATE 2-Saudi energy minister says OPEC+ oil output deal could be tweaked

09 Nov 2020

LONDON, Nov 9 The OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the informal producers' group, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman told a conference on Monday.

Oil falls on demand concerns, posts second monthly decline

30 Oct 2020

NEW YORK Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.

RPT-UPDATE 5-Shell raises dividend as CEO says oil output past peak

29 Oct 2020

LONDON, Oct 29 Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy.

Shell raises dividend as CEO says oil output past peak

29 Oct 2020

LONDON Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy.

BP swings back to profit, epidemic uncertainty weighs

27 Oct 2020

LONDON BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits. | Video

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