LONDON Private-equity backed Chrysaor is near a deal to buy U.S. group ConocoPhillips' British North Sea oilfields, two sources close to the process said, a deal that would make it the basin's biggest producer.
ST PETERSBURG/LONDON, Russia Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast.
LONDON Dutch drivers seeking to offset their impact on the environment will soon be able to do so at Shell petrol stations with credits to support initiatives such as tree-planting projects.
LONDON, March 27 Private equity fund Seacrest
Capital is in talks to sell part or all of its British North
Sea-focused oil exploration firm Azinor Catalyst, which could
fetch between $60-$100 million, having received unsolicited
offers for it, banking and industry sources said.
LONDON North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in full-year profits on the back of increased production.
NAIROBI A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be slightly delayed to the third quarter, a Tullow executive said on Friday.
* First indication of Kenya crude pricing expected next week
NAIROBI, Feb 22 A deal with local Kenyan
authorities that would allow Tullow Oil to pump water to
pressurise oil wells, crucial for a final green light for the
country's only oil project, may be delayed to the third quarter,
a Tullow executive said on Friday.
LONDON New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.
PARIS Total and partners including China's CNOOC have made a significant new gas discovery off the coast of Britain at the North Sea Glengorm prospect, with recoverable resources estimated at around 250 million barrels of oil equivalent (boe).