Euro Oil Giants Rethink Renewable Balance
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots…
CNOOC China posts record profit in the first half of 2018 on robust output growth
CNOC, the Chinese offshore oil-and-gas major, posted a record profit for the first half of this year on Thursday. This was largely due to higher oil prices and increased output. CNOOC reported in a filing…
Mitsubishi Beats Shell to Buy Eneco
A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco…
Eni CEO's Wife Under Investigation in Congo Probe
Italian prosecutors are investigating the wife of Eni's chief executive as part of a wider probe into allegations of corruption involving the oil and gas major in Congo Republic, a prosecution document…
TechnipFMC Wins $7.6 Bln Contract
Oil services company TechnipFMC won a $7.6 billion contract with Russia's Novatek and its partners for the Arctic 2 liquefied natural gas project in western Siberia, pushing TechnipFMC's shares higher.TechnipFMC's…
ExxonMobil Finds Natural Gas Off Cyprus
U.S.
Chevron in LNG Supply Deal with GS Caltex
American multinational energy corporation Chevron signed a new sales and purchase agreement with South Korean oil refiner GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South…
BHP Approves Funding for BP-led GoM Project
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes…
Total Makes Discovery Off South Africa
French oil and gas major Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin, offshore South Africa.Total said the…
Bid to Suspend Total's Guyana Drilling Rejected
A French court has rejected an urgent request by environmental groups including Greenpeace and Surfrider Foundation Europe to deny oil and gas major Total permission to proceed with plans to drill off the coast of French Guyana.The environmental grou
Total CFO to Retire this Year
Total Chief Financial Officer Patrick de La Chevardiere is to retire by the end of this year, a spokesperson for the French oil and gas major said on Friday.De la Chevardiere has been Total CFO for the last 11 years and has been with the firm for 37
Petronas Sets Up Team for Renewables Push
Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.Petronas…
China's Sinopec Q3 Profit Up 60% On Year
Chinese oil and gas major Sinopec's net profit rose to 18.38 billion yuan ($2.64 billion) in the third quarter, up 60 percent from a year earlier, on robust refining margins and improving earnings from…
Total: Will be Disappointed if it Misses Out on Qatar LNG Expansion
French oil and gas major Total will be disappointed if it misses out on Qatar's planned liquefied natural gas (LNG) expansion, the company's Chief Financial Officer said on Friday."We are very interested in Qatar LNG with the decision made by the Qat
First LNG Cargo Exported from Ichthys
French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July.Ichthys LNG, with reserves of more th
Total Will Invest More in Short Cycle Projects
French oil and gas major Total will invest more in short cycle projects, said its chief executive on Tuesday.Patrick Pouyanne was a speaking at an investment conference in Riyadh.(Reporting by Rania El Gamal, writing by Alexander Cornwell, Editing Sa
Eni Wins Offshore Mozambique Block
Italian oil and gas major Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1…
Total Buys out Chevron Denmark
French oil and gas major Total has agreed to take all of Chevron’s share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence."Total…
Total Sees Cash Flow, Output Boost from Deepwater Projects
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S.
Total Buys Chevron's Interest in Danish Underground Consortium
French oil and gas major Total said it has agreed to take all of Chevron's share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea…
