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