Shell Q2 profits slide (to just the $5.1bn) as firm announces share buyback scheme July 27, 2023 Shell has announced a hefty new share buyback programme and raised its quarterly dividends, despite a downturn in profits.
Equinor unveils steep drop in profits as fossil fuel prices fall July 26, 2023 Equinor's profits have tumbled in line with falling oil and gas prices, signalling an expected industry-wide decline in earnings.
Macquarie’s role in UK gas network should ‘concern’ government, MP warns July 24, 2023 Macquarie’s growing role in the country’s gas network has raised the concerns of the chair of an influential Westminster committee.
OnlyFans to ‘OilyFans’: Billboards show BP chief topless after earning £10m July 21, 2023 A set of billboards for the adult site OnlyFans has been rebranded by environmental activists to show the chief executive of BP shirtless. Following complaints to the Advertising Standards Authority (ASA), Global Witness bought out three advertising slots around London to comment on the pay package of Bernard Looney, whose earnings went from £4.5 million [...]
Woodside misses revenue estimate but sticks to guidance July 19, 2023 Australian No.1 oil and gas producer Woodside Energy said second-quarter sales tumbled due to weaker commodity prices and maintenance work.
Oil markets await US inflation data as IEA maintains tight supply predictions July 12, 2023 Oil prices are flat in this morning trading session, as investors await the latest US inflation data for signs of future rate-hikes.
Rosebank: UK’s biggest oil and gas field faces fresh delay amid regulator concerns over net zero goals July 11, 2023 Approval for Rosebank, the UK's largest undeveloped oil and gas field, has been delayed by regulators again.
British Gas owner Centrica seals £6.2bn US LNG mega deal – that could power five per cent of UK homes July 11, 2023 British Gas owner Centrica has signed a new £6.2bn ($8bn) mega deal with Delta Midstream for 1m tonnes per annum of LNG for 15 years.
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
Shell boss warns cutting oil and gas production would be ‘dangerous’ July 6, 2023 The boss of Shell has warned that slashing oil and gas production now would be “dangerous and irresponsible."