Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said…
Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…
The navies of Britain, Finland and Estonia were practising subsea infrastructure protection in the Baltic Sea region on Monday together with the Finnish Border Guard, Finland's Defence Forces said in a statement.In early October a gas pipeline…
bp's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on…
ExxonMobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing spending and production goals.The plan leaves out projected gains from the $60 billion acquisition of Pioneer Natural Resources PXD…
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition of the German group's energy business, Wintershall Dea. BASF stock was up 1.2% at 0855 GMT, with traders pointing…
Fertilizer maker Yara said on Monday it has signed a binding agreement to capture CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.The carbon capture and storage project (CCS) will cut annual emissions of CO2 by 800…
African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
Shell plans to drill two more wells in Namibia over the next 6 to 9 months, with the energy giant citing 'encouraging data' for the possible development of a new oil basin in the southern African country, CEO Wael Sawan said on Thursday.Shell plans to drill one exploration well…
British trading firms BB Energy and JE Energy on Thursday won two contracts to market Guyana's share of crude production through deals that will pay the South American country premium fees of between 26 cents and 70 cents per barrel over market prices…
Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…
Shell's finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project…
Nigerian authorities are closely monitoring and working to contain an oil spill that occurred during loading operations at the TotalEnergies-operated Egina field on Nov. 15, the maritime agency said on Wednesday.The Nigerian Maritime Administration…
International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide…
The Kremlin said on Monday that more signs were appearing of Ukrainian involvement in the blasts that ruptured Russia's Nord Stream gas pipelines last year, following a Washington Post report that a Ukrainian military officer coordinated the attack…
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