Gran Tierra Energy pounces on i3 Energy in £175m deal August 20, 2024 Oil producer Gran Tierra Energy has announced a £175m deal to acquire its London-listed peer i3 Energy. Under the terms of the deal, which was announced in the early hours of this morning, Gran Tierra said it would offer one new Gran Tierra share for every 207 i3 Energy shares held as well as 10.43p [...]
FTSE 100: BP, Shell and oil prices surge on assassination of Hamas leader in Iran July 31, 2024 The FTSE 100 jumped over a hundred points on Wednesday morning, after the assassinations of two Hamas and Hezbollah leaders caused the index’s energy and commodities constituents to surge. Shares in BP and Shell both rose by between two and three per cent in early morning trading, helping the index as a whole to jump [...]
BP: Oil giant lifts dividend as it beats expectations in second quarter July 30, 2024 Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins.
Ithaca Energy’s income slumps, but it expects ‘material dividend capacity’ from Eni merger May 28, 2024 Ithaca Energy has suffered a drop in income, but the group remains optimistc about future growth.
Gulf Keystone Petroleum launches buyback to remedy ‘weak share price’ May 13, 2024 Gulf Keystone has struggled over the past year, but the group seems to be making a comeback.
Harbour Energy ups dividend despite £1bn tax hit May 9, 2024 Harbour Energy has hiked its dividend by nine per cent for the year off the back of better cash flows.
BP reports profit drop as lower oil prices hit earnings May 7, 2024 Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."
BP set for slower first quarter profits and revenue amid lower oil prices May 5, 2024 BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 [...]
High commodity prices could keep inflation elevated, World Bank warns April 25, 2024 The World Bank has predicted that commodity prices will fall just three per cent in 2024 and four per cent in 2025.
Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal? April 24, 2024 Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.