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OSLO, Feb 15 (Reuters) - Sweden presented plans on Tuesday to build offshore wind power plants that will generate 20-30 terawatt hours (TWh) per year, with an aim to reach 120 TWh at a later stage.
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(Sharecast News) - BP reiterated its commitment to its Russian oil and gas business despite rising tensions between Russia and the West over Ukraine, said chief executive Bernard Looney on Monday.
Read moreCAIRO, Feb 14 (Reuters) - BP is sticking with its Russian oil and gas business, which has so far been unaffectd by simmering tensions between Russia and the West, Chief Executive Bernard Looney said on Monday.
Read more(Sharecast News) - Morgan Stanley marked up its target prices across the European Oil&Gas space after updating its commodity price assumptions.
Read moreBy Ron BoussoLONDON, Feb 11 (Reuters) - Waldorf Production is nearing a deal to acquire oil and gas assets in the British and Dutch North Sea from ONE-Dyas for more than $1 billion, industry sources said on Friday.Under the terms of the emerging d...
Read more(Sharecast News) - Oil supplies from OPEC+ over the course of 2022 could undershoot the producer alliance's own goals by 1.0bn barrels unless those member countries who have spare capacity on hand increase their output, the world's oil watchdog said.
Read more* Global oil and gas sector recovering from pandemic* Rosneft's 2021 net profit at 883 bln rbls, below some forecasts* Shares down in early trade (Adds detail, background, updates shares)By Vladimir Soldatkin and Olesya AstakhovaMOSCOW, Feb 11 (Reu...
Read more(Adds detail, output data, share price)MOSCOW, Feb 11 (Reuters) - Russian energy giant Rosneft on Friday reported a six-fold jump in net income last year to a record 883 billion roubles ($11.7 billion) as demand recovered from pandemic-hit levels ...
Read moreMOSCOW, Feb 11 (Reuters) - Russian energy giant Rosneft on Friday reported a sixfold increase in net income last year to a record-high of 883 billion roubles ($11.7 billion) thanks to a recovery in fuel demand that had been hit significantly ...
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(Adds details, quotes)CAPE TOWN, Feb 10 (Reuters) - South Africa's largest refinery, SAPREF, a 50/50 joint venture between oil majors BP and Shell will pause operations indefinitely from March 22 as its owners consider selling the plant.Situated i...
Read moreCAPE TOWN, Feb 10 (Reuters) - South Africa's largest SAPREF refinery, a 50/50 joint between oil majors BP and Shell will pause operations indefinitely from March 22 as they consider selling the plant. (Reporting by Wendell Roelf; Editing by Emma ...
Read moreMOSCOW, Feb 10 (Reuters) - Oil output at the BP-led Azeri–Chirag–Gunashli project in Azerbaijan in 2021 fell 4.6% to 22.8 million tonnes, Russia's Interfax news agency reported on Thursday citing the British firm's local arm. (Reporting by Anton ...
Read more* Set to increase dividend by around 13% to $1 par share* FY EBITDA of $931 mln versus $927 mln estimate* FY net profit of $126 mln versus $97 mln estimate (Adds share move, quotes and analyst comment)By Juliette Portala and Olivier SorghoFeb 10 (Re...
Read moreBy Ron Bousso and Nerijus AdomaitisLONDON, Feb 9 (Reuters) - Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation.Oil and g...
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