BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia's invasion of Ukraine, while boosting its dividend in a sign of confidence as it scaled back plans to reduce oil and gas output by 2030…
Woodside Energy lifted its final dividend on Monday after reporting a more than tripling of profit on a beefed-up oil and gas portfolio following its merger with BHP's petroleum arm and surging oil and gas prices, sending its shares over 2% higher…
French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7…
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Thursday.A deal would help revive the nation's gas production, which…
Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region. Setting up a gas hub in Turkey was first proposed by Russia's…
Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million.The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam…
U.S. oil and gas producer APA Corp on Thursday said it planned to drop a drilling rig in the North Sea as recent increases to tax rates have made its operations there less competitive.Britain last year announced plans to boost windfall taxes…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Belgium said it is investigating the presence of a Russian 'spy ship' in the North Sea, a day after its neighbor the Netherlands reported that Russia was targeting North Sea infrastructure.The ship was detected in the Belgian North Sea around mid-November last year…
NATO should hold an emergency meeting to discuss recent findings about September explosions at the Nord Stream gas pipelines, Russia's Foreign Ministry spokeswoman Maria Zakharova said late on Saturday.Investigative journalist Seymour Hersh…
Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said…
Trinidad and Tobago's Prime Minister Keith Rowley on Friday told Parliament his government had been in touch with Venezuela following U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up…
Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts' expectations.The oil and gas producer's…
Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day's gains. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday…
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