BP profits hit $5bn in first quarter with more cash for share buybacks
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Lower oil prices and the UK's EPL saw TotalEnergies' E&P division earnings drop 47%.
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
The NSTA is proposing new rules to streamline industry deals and boost energy security.
Neptune Energy is moving ahead with plans for a sale after talks about a takeover by Italian energy group Eni (MI: ENI) cooled, people with knowledge of the matter said.
Deal-making in the energy industry is no longer a simple affair, regardless of whether it is fresh investment in new capital projects off- or onshore; assets trading; oil & gas/power generation company mergers and takeovers, or supply chain related.
It’s been a busy 12 months of Mergers & Acquisitions (M&A) activity as the UK continues to rebound from Covid.
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Aberdeen-headquartered energy services giant Wood (LON: WG) has seen shares soar after a fourth - and sweetened - takeover offer from US firm Apollo.
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.
This article was first published on March 6.
Norwegian oil giant Equinor (OSLO: EQNR) has signed an $850m deal to acquire the UK North Sea business of Canadian firm Suncor (TSE: SU).
British energy suppliers must pass on the benefit of falling wholesale energy costs to consumers in the form of cheaper tariffs, according to a senior government minister.
Chevron (NYSE: CVX) CEO Mike Wirth has not ruled out consolidation among oil majors, but said it would not be easy to carry out.
BP (LON: BP) has decided to end the publication of its statistical review of world energy after 70 years.
Shell (LON: SHEL) considered moving its headquarters out of Europe and into the US, in a major blow to the City of London.
The loud noise made by deep sea mining could pose a grave danger to whales and other sea creatures that use sound to communicate, scientists have said.
Deepsea mining is arguably the most exciting yet controversial segment of the blue economy, which the United Nations estimates boasts an estimated annual turnover of $3-6trillion.
AAB Corporate Finance is delighted to share with you our Deals Update for H2 2022 in conjunction with Energy Voice, highlighting selected energy merger and acquisition (M&A) and fundraising transactions across the UK.
M&A specialist Russ Alton is out, project manager Paul Harris is in.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
Harbour Energy (LON: HBR) is "bloated" staff-wise, say analysts, and this week the firm said it would slash jobs in Aberdeen due to the UK Government windfall tax.
Serica Energy (LON: SQZ) has issued new info on its proposed takeover of Tailwind Energy, arguing that the latter’s tax losses could deliver a positive to shareholders in coming years.
Oil prices edged higher after tumbling around 9% over the previous two sessions, with demand concerns continuing to hang over the market.