A US judge overseeing the bankruptcy of Linn Energy said he is prepared to confirm its restructuring plan but with slight tweaks.
Hess has reported a loss of $4.89billion in its fourth quarter.
Tower Resources has completed the sale of its subsidiary Comet Petroleum Limited.
Nostra Terra said it has been given a cash boost for the sale of its interest in the Chisholm Trail prospect.
Oil major Chevron said its budget for next year will see a reduction of 42% from 2015 and is expected to be at least 15% lower than projected investments for 2016.
The UK’s blue-chip index plunged on opening as Donald Trump’s victory in the US presidential election spooked markets, before paring back losses.
Dong Energy said earnings increased by 7% in its third quarter results driven by a 19% increase in wind power.
OPEC raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even as economic growth slows.
Oil major Shell has revealed it has made 1,000 job losses from its North Sea operation since the global decline in oil price.
Royal Dutch Shell Plc’s biggest takeover, the subject of intense investor scrutiny during crude’s collapse, is starting to pay off as Europe’s largest oil company chalks up its highest profit in five quarters.
Oil major BP is expected to report its profits have more than halved when it published its third quarter results this week.
Eni has stuck to its targets despite revealing a worse-than-expected loss in the third quarter of this year.
Total said it has increased its cash flow by 13% in the third quarter despite an almost 30% reduction in European refining margins and flat Brent prices.
China Petroleum & Chemical Corp.’s third-quarter profit rose sixfold as refining gains helped overcome deepening losses from oil and gas production.
Russia's government wants to sell a stake in oil giant Rosneft to "real investors" but may force the firm to buy its own shares to prop up the country's budget.
Technip raised its full-year objectives for the year for its subsea division as the firm reported both revenue and profit for the third quarter.
Norwegian oil and gas giant Statoil has been touted as a potential bidder for troubled Xcite Energy’s Bentley field in the North Sea.
Amec Foster Wheeler has made changing to its business with four market-based lines including oil and gas, power, mining and environment and infrastructure.
Xcite Energy is facing liquidation after bondholders rejected a debt for equity swap.
Energy finance expert Colin Welsh said yesterday that the disarray at Xcite Energy was part of the impending North Sea liquidity crisis he warned of earlier this year.
For all the uncertainty Scotland faces with the cloud of Britain’s exit from the European Union, there could yet be a silver lining, according to U.K. lawmaker Mark Garnier.
The stock market flotation of Aberdeen Asset Management “only seems like yesterday” – although the firm has just celebrated 25 years of being a listed company.
Former Russian Finance Minister and investor favorite Alexei Kudrin is in talks with Vladimir Putin and other top officials about returning to a senior post to help deal with worsening economic troubles, according to three people familiar with the discussions. Kudrin has met privately with the Russian president and Prime Minister Dmitry Medvedev as recently as last week to discuss the plans, though no formal offer has yet been made, the people said. The talks are the most advanced since Kudrin, widely respected by investors for his fiscal discipline and commitment to market reforms, quit as finance minister in 2011, the people said. A decision could come early next year, they said.
High Arctic Energy Services sad its chief financial officer has stepped down from the business. Ken Olson will remain with the firm until his replacement has been appointed.
As oil minister during military rule in the 1970s, Muhammadu Buhari oversaw the birth of the Nigerian National Petroleum Corp. Now, as democratically elected president, he intends to break up the opaque bureaucracy, which manages the oil assets of Africa’s biggest crude producer, to ensure taxpayers get their fair share. History isn’t on his side. “No Nigerian leader, including Buhari himself from the 1980s, has managed to sanitize the oil sector,” said Philippe de Pontet, head of the Africa practice at the Eurasia Group in New York. “Buhari’s challenge is not only to depoliticize NNPC but to disentangle its vested interests and its rogue commercial operations, which won’t be easy.”