Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
Changes to carbon emissions regulations could put a £33.2billion ($45billion) dent in the value of oil firms’ global upstream portfolios, a new report said.
Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn.
Total is reported to be in talks to buy a multi-billion dollar stake in Iran's part built liquefied natural gas (LNG) export facility.
Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.
As an investor you weigh up risks and potential returns, trying to eliminate or limit the unknowns and one of the biggest issues with investing is political risk.
The Scottish Government has launched an oil and gas industry strategy which targets higher long-term recovery rates, increased exports and £30billion annual sales by 2020.
The latest reporting season is under way in the US, where listed companies update the market on trading figures for the first quarter of 2011.
OILFIELD technical website www.drillers.com has forged a joint venture with the department of applied mathematics at the University of Pau, in France, with the objective of creating online tools to help optimise drilling decisions.
Bosses at Aberdeen oil and gas industry remotely operated vehicle (ROV) company STS will share about £8million following a deal to sell the company to Australia's Neptune Marine Services.