BP reportedly considers selling stake in offshore wind business
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant is progressing with its plan to list shares in New York in a bid to lure more US investors.
Analysts had expected TotalEnergies to post a profit of $4.92 billion.
Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices.
Oil and gas explorer Sterling Resources said today it is no longer looking to sell off its stake in a North Sea field after signing a deal which could be worth around £48million for some of its Romania assets.
OIL supermajor BP will not pursue any legal action against Cameron International over last year's Deepwater Horizon disaster after the firms agreed that the contractor would pay a £161million settlement.
OIL supermajor Shell has been accused of "unbelievable penny-pinching" after nearly 70 repair and maintenance (R&M) posts were cut at the St Fergus gas terminal, near Peterhead.
Higher oil and refined products prices help drive sales and profits up oil supermajor Chevron in the third quarter, the firm said today.