A consortium made up of Royal Dutch Shell (RYDAF) and Chevron Corp won the Saturno block in the Santos basin in Brazil's pre-salt offshore oil auction on Friday, outbidding a rival group led by Exxon Mobil Corp.
Shell's consortium won by pledging 70.2 percent of profit oil to Brazil's government, in the last oil auction ahead of a hotly contested presidential election next month.
Reporting by Marta Nogueira and Alexandra Alper
A group of Republican states filed a suit on Friday to challenge a ban on offshore oil and natural gas development announced…
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy.
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch…
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest…
For any business, ensuring the health and safety of its employees should be the number one priority – what is more, it’s…
Dutch and British wholesale prices of gas fell on Thursday, amid forecasts for higher wind and solar production and a softer demand.
TotalEnergies said that it expects the fourth quarter 2024 results downstream to benefit from a slight improvement in refining profit margins.
Flowco Holdings announced on Wednesday that it had raised $427.2 Million after pricing its U.S. Initial Public Offering above its target range.
The Slovak prime minister Robert Fico is likely to survive a forthcoming vote of no confidence after rebel legislators in…
A judge dismissed New York City’s lawsuit against Exxon Mobil and BP for misrepresenting their products and commitment to renewable energy…
The European spot electricity prices dropped on Wednesday, as the demand for power in Europe declined while wind and nuclear power increased.
Iraq and British oil giant BP will be signing a mammoth agreement covering four Kirkuk gas and oil fields by the 1st week of February.
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.