Oil majors’ share of UK production poised to grow, boosted by Jackdaw and Rosebank
Oil and gas majors’ share of production in the UK is tipped to rise dramatically in the coming years, putting an end to a period of flux.
oil majors
US oil majors downgraded by S&P on climate risk, earnings
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
Total gets fastest start on net zero race among Europe oil majors
Total SE has had the fastest start in the race between oil supermajors to achieve net zero carbon emissions.
Energy transition may ‘push’ oil majors to sell or swap $100billion of assets – Rystad
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
US oil majors are snubbing climate-conscious rivals in Europe
Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
Carbon emissions tax could put £33bn dent in upstream portfolio values, report says
Changes to carbon emissions regulations could put a £33.2billion ($45billion) dent in the value of oil firms’ global upstream portfolios, a new report said.
Oil majors seen vulnerable to fresh slump despite growth at $50
Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn.
Total in talks to buy stake in Iran’s LNG facility, reports claim
Total is reported to be in talks to buy a multi-billion dollar stake in Iran's part built liquefied natural gas (LNG) export facility.
Oil majors look at green options to bolster balance sheets
Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.
Playing out of Africa
As an investor you weigh up risks and potential returns, trying to eliminate or limit the unknowns and one of the biggest issues with investing is political risk.
Don’t forget the track record of pulling together
The Scottish Government has launched an oil and gas industry strategy which targets higher long-term recovery rates, increased exports and £30billion annual sales by 2020.
Breaking up is hard to do
The latest reporting season is under way in the US, where listed companies update the market on trading figures for the first quarter of 2011.
Drillers.com forges JV with University of Pau
OILFIELD technical website www.drillers.com has forged a joint venture with the department of applied mathematics at the University of Pau, in France, with the objective of creating online tools to help optimise drilling decisions.
Bosses to net £8m after STS sold to Neptune Marine
Bosses at Aberdeen oil and gas industry remotely operated vehicle (ROV) company STS will share about £8million following a deal to sell the company to Australia's Neptune Marine Services.