BP has announced the approval of a £5 billion project to develop the Tiber oil field in the Gulf of Mexico, a resource previously considered too hazardous to exploit due
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In a remarkable transformation, Mark Carney, once heralded as the Bank of England’s greenest-ever governor, has executed a striking policy reversal. The former central banker who adamantly advocated leaving 80%
Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
The Indian government has unveiled groundbreaking legislation designed to revolutionise its domestic oil and gas exploration sector, marking a decisive shift towards energy independence. The move comes as Asia’s third-largest
The chief executive of Frontline, the world’s largest publicly listed oil tanker operator, has delivered a stark warning about the growing threat posed by unregulated ‘dark fleet’ vessels, suggesting a
Italian energy behemoth Eni has unveiled the world’s most formidable supercomputer outside the United States, marking a significant leap in the technological race to discover new oil and gas reserves.
The once-celebrated London-listed oil producer Tullow Oil has entered early-stage discussions regarding a potential all-share takeover by American counterpart Kosmos Energy, highlighting significant shifts in the energy sector landscape. Texas-based
In a landmark deal announced today, Shell and Norwegian state-owned Equinor have revealed plans to merge their UK oil and gas assets, establishing what is set to become the largest
British energy giant BP and its partners have approved a substantial £7 billion gas project in Indonesia, marking a significant expansion of their liquefied natural gas (LNG) operations in the
Deltic Energy, the AIM-listed oil and gas explorer, received a major boost to its plans for international expansion with a significant new gas discovery in the UK North Sea. Coming on the heels of the UK government's latest budget, which further tightened the fiscal regime for North Sea operators, the discovery highlights both the remaining potential and challenges of Deltic's home market as it looks to leverage its exploration expertise abroad.
Despite a rapidly declining share price, Pantheon Resources PLC appears to be strategically positioned to advance its Alaskan oil and gas projects, with a clear focus on minimizing shareholder dilution and maximizing value. The upcoming Megr-1 well and the gas sales initiative with AGDC are pivotal to the company's plans. Investors can expect further updates as these initiatives progress, with the potential for significant value creation in the near term.
The Treasury has moved to quell a heated dispute with the North Sea oil and gas industry by committing to maintain investment reliefs on low-carbon projects. This decision aims to
SLB and Halliburton, two of the world’s leading oilfield service providers, reported strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into overseas markets. SLB announced second-quarter earnings of 85 cents a share, excluding certain items, surpassing analysts' expectations, according to a Friday statement. Halliburton reported earnings of 80 cents a share, matching expectations.
The weekly highlights in both the oil and gas industry and the mining sector feature significant updates from various companies, shedding light on ongoing activities and advancements within these industries.
London-listed oil major BP PLC recently announced its first-quarter financial results, which fell below market expectations. The company reported a profit of $2.72 billion, missing the forecasted $2.87 billion and
On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points
