Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.
Cameroon’s state-owned Société Nationale des Hydrocarbures du Cameroun (SNH) has launched a tender for a feasibility study for a 3D seismic shoot, onshore in the Douala/Kribi-Campo Basin.
The boss of energy giant Shell has said he sees “no reason” to change its investment plans for the North Sea, despite a number of climate protests against the UK oil and gas business.
San Leon Energy expects its new export route in Nigeria to be commissioned in May, following a week where force majeure was declared on its current shared pipeline.
Serica Energy will shut down three North Sea fields for two months after discovering an underwater structure at its Bruce platform had become “deteriorated”.
A sheriff launched a scathing attack on the legal system for forcing families to wait a “deplorable” seven years for an inquiry into a North Sea helicopter tragedy.
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
By Professor Paul de Leeuw, Energy Transition Institute, Robert Gordon University
The debate around fossil fuels and the impact on climate change is getting increasingly polarised. What we urgently need is a more informed debate based on facts and evidence.
Yemen’s Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.
Oil and gas companies do have some advantages in terms of tackling the energy transition, but there are pitfalls along the way and the process will be messy, speakers at a CMS event launching a new report said.
The Guardian newspaper is to stop taking advertising money from some of the world's biggest polluters after banning oil majors from its pages and website.
Hurricane Energy has insisted it is “not aware of any subsurface, operational or commercial reasons” for a steep decline in its share price in the last week.