Oil major BP said today that its profits more than doubled in the third quarter of 2017, but its chief executive still thinks there is “room for improvement”.
Oil majors BP and Shell are expected to publish a “steady” set of third quarter results this week after limiting the impacts of Hurricane Harvey, an analyst has said.
UBS Wealth management executive director, commodities and FX, Wayne Gordon has weighed in on the oil price upturn after Brent topped $60 for the first time in two years on Friday.
A Norwegian firm has developed a new way of plugging and abandoning wells without the use of a drilling rig in a move expected to save companies huge sums.
The north-east's Tory MPs have thrown their weight behind an appeal to the Chancellor to give the oil and gas industry more support in next month’s Budget.
Brent oil traded near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin Salman backed the extension of OPEC-led output cuts.
Brazil's government has appealed against a judge's decision to suspend a billion-dollar auction of pre-salt oil and gas licences scheduled for today, a news report said.
The UK’s transport secretary said Brexit could “create opportunities” for the north-east during a visit to Aberdeen Airport’s newly refurbished terminal yesterday.
Russia’s Yamal LNG, set to be the world’s biggest Arctic producer of liquefied natural gas, plans to send its debut cargo to China as thanks for its support.
Oil held gains near $52 a barrel as U.S. industry data showed gasoline stockpiles declined and as OPEC negotiates an exit strategy to output cuts alongside an extension of the deal.