Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
Vår Energi reported a rise in production and profits during the third quarter, touting further growth in the coming months as new projects are brought online ahead of schedule.
Nigeria’s government dodged having to payout as much as $11 billion after a London judge ruled that the arbitration award over a failed gas deal, handed to a hedge-fund backed firm was won fraudulently.
Despite a lossmaking 12 months, Europa Oil and Gas said discussions are ongoing around potential routes to develop its Serenity discovery alongside the nearby Tain field.
Hartshead Resources says survey work has been completed on the route of a proposed gas pipeline for its southern North Sea development, with engineering work to be awarded next year.
War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.
Harland & Wolff has confirmed a multimillion pound contract award for work upgrading the SeaRose floating production vessel stationed off Newfoundland.
17 awards were presented to supply chain companies in categories ranging from innovation and export to digital and diversification at the Energy Industries Council event.
Even if Russia ended its war in Ukraine and there was regime change in Moscow, the trading relationship between Europe and its former top energy provider wouldn’t be restored, according to German and British officials.
A controversial $4 billion crude oil pipeline to link Uganda and Tanzania has overcome a key hurdle that delayed a final decision, according to Standard Bank Group.
Shell agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050.