Edition:
United Kingdom

Shadia Nasralla

UPDATE 1-Most of Nord Stream 2 project to be paid for by 2019 - OMV CEO

16 Nov 2018

* OMV to reach production target of 600,000 bpd earlier (Adds details, background)

BP's profits thunder to five-year high

30 Oct 2018

LONDON BP's profits thundered to a five-year high, boosted by stronger oil prices with production set to rise further thanks to the $10.5 billion acquisition of BHP Billiton's U.S. shale business this week. | Video

Nigeria central bank, MTN getting closer to settlement -minister

17 Oct 2018

LONDON, Oct 17 Nigeria's central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, Nigeria's information minister said on Wednesday.

Governments must change tack to contain global warming, says Big Oil

10 Oct 2018

LONDON Governments not energy firms need to take the lead in achieve U.N. targets to contain global warming, with policies that will change fuel and other energy consumption habits, oil and gas companies said.

Natural gas here to stay beyond energy transition, Big Oil says

09 Oct 2018

LONDON Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

Norway's Aker bets on software engineers for its oil business

19 Sep 2018

STAVANGER, Norway When the owners of Norwegian oil firm Aker BP decided to digitize its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.

EnQuest aborted sales talks for Kraken stake due to debt deadline: sources

12 Sep 2018

LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

EnQuest aborted sales talks for Kraken stake due to debt deadline - sources

12 Sep 2018

LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

Gulf Keystone to resume spending to boost Shaikan oil output

10 Sep 2018

Gulf Keystone Petroleum Ltd is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan, the British-listed oil producer said on Monday, while reporting record profit for the first half led by higher output and crude prices.

EnQuest to issue discounted shares to buy Magnus oilfield

07 Sep 2018

LONDON UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.

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