Saudi Arabia buys stakes worth $1 billion in European oil companies
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major…
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Royal Dutch Shell
Seele: OMV does not expect Nord Stream 2 construction to resume soon
Austria’s OMV does not expect construction of Nord Stream 2 gas pipeline to resume soon, the oil and gas company’s…
Exxon agrees $4 billion sale of Norway oil and gas assets
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production…
Danish pension fund excludes top oil firms from portfolio
Danish pension fund MP Pension said on Tuesday it would sell its stakes in 10 of the world’s biggest oil…
OMV chief criticises US pressure over Russian gas pipeline
The head of OMV has accused the US of trying to “dictate” energy policy to its allies, calling on the…
Shell bets on shale for flexibility in energy transition
Growing oil and gas production from shale fields will act as a “balance” for deepwater projects, the new head of…
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits…
Shell gets 950 mln. USD from Argentina assets sale
Shell Argentina signed an agreement for the sale of its 645 service stations to Brazil-based Raízen for US$950mn in cash,…
Exxon woos Wall Street with bold plan to double earnings by 2025
Exxon Mobil Corp, the world’s largest publicly traded oil producer, said on Wednesday it expects earnings to more than double…
Shell CEO urges switch to clean energy as plans hefty renewable spending
The oil and gas industry risks losing public support if progress is not made in the transition to cleaner energy,…
Iran: U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American…
U.S. reversal on transparency could sting Canadian, European oil companies
Canadian and European oil companies will find themselves at a competitive disadvantage to their American rivals if U.S. lawmakers scrap…
Oil majors join forces in climate push with renewable energy fund
Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to…
Total sees deal targets still too expensive after crude crash
Total SA Chief Financial Officer Patrick de La Chevardiere said prospective takeover targets are still too expensive after crude prices…
Exxon Mobil expands cooperation with Rosneft, in spite geopolitical of tensions
Texas-based oil giant ExxonMobil and Russia’s state-controlled oil company Rosneft shook hands Friday while the U.S. and European nations continue to discuss…
Shell pulls out of Ukraine deal
Anglo-Dutch conglomerate Royal Dutch Shell, the largest oil and gas company in Europe, announced that it has withdrawn from negotiations…
Shell pulls back from North Sea, as part of USD 15 bln. divestment drive
Royal Dutch Shell will sell some of its North Sea oilfields as part of a USD 15 bn divestment programme…
