Edition:
United Kingdom

Shadia Nasralla

Tullow Oil hit by payment delay, but sees higher output

16 Jan 2019

LONDON A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.

Premier Oil cuts more debt than forecast

10 Jan 2019

LONDON Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.

Norway's DNO clinches Faroe Petroleum after raising hostile bid

09 Jan 2019

OSLO/LONDON Norwegian oil company DNO has secured control of Faroe Petroleum , a day after raising its hostile bid for the British company to 641.7 million pounds.

Total in talks to sell North Sea oil, gas assets to private firms

21 Dec 2018

LONDON French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.

North Sea producers ONE and Dyas to merge

20 Dec 2018

LONDON British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.

Five oil majors face 2019 climate target pressure by investors

19 Dec 2018

HOUSTON/LONDON U.S. and Norwegian oil majors Chevron and Equinor have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.

UPDATE 1-Five oil majors face 2019 climate target pressure by investors

19 Dec 2018

* Activist investors push for hard targets on emissions (Adds Equinor motion, details, London dateline)

Chrysaor sets sights on Chevron's North Sea assets - sources

13 Dec 2018

LONDON Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion (1.97 billion pounds), industry and banking sources said.

Chrysaor sets sights on Chevron's North Sea assets: sources

13 Dec 2018

LONDON Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.

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