Tullow promises profitable 2019
Industry
A delay in receiving payment from the sale of a stake in Ugandan oilfields has caused European-based Tullow Oil to
Industry
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Volkswagen and Ford unveil EV strategy
Industry
Volkswagen has announced that it is planning to invest US$800 million to build a new electric vehicle at its factory
Steel tariffs to hammer wind power: NGO
Industry
Restrictions on steel imports into Europe could undermine wind power cost savings and the EU’s 2030 renewable energy targets, according
US threatens Nord Stream sanctions
Industry
The Donald Trump-appointed US ambassador in Germany has purportedly warned firms involved in constructing the Nord Stream 2 natural gas
Premier eyes $1.5bn Chevron fields
Industry
The debt-laden, London-listed Premier Oil is reportedly considering a share placing to help finance a deal for US$1.5 billion worth
Faroe concedes defeat after Norwegian raid
Industry
London-listed North Sea oil explorer Faroe Petroleum’s board has conceded defeat in a long-running takeover bid and advised its shareholders
Oil price has best week in two years
Industry
The international oil benchmark, Brent crude, measured its best weekly gain in more than two years, as a lively economy
Struggling oil firm eyes Indonesia sale
Industry
A struggling European-based oil explorer and producer is in talks to sell itself to an Indonesian rival. Shares in Ophir
Oil rebounds after heavy falls
Industry
Oil prices sent shares rising as Brent crude recovered from some of its losses but remained close to its lowest
EDF submits Indian nuclear proposal
Industry
French energy giant EDF has submitted a commercial proposal to the Indian authorities for the Jaitapur Nuclear Power Plant in
Oil price to rise in Q2 2019: pundits
Industry
An oversupply of oil will continue to subdue prices into next year but producer cuts will eventually boost crude prices
Seized Libya oilfield declares force majeure
Industry
The Libyan state-run oil company NOC has declared a “force majeure” at the war-torn state’s largest oilfield, El Sharara (pictured),
Mixed response to COP24 deal
Industry
The UN climate talks in Poland have agreed rules on how nations can cut greenhouse gas emissions but environmentalists and
Faroe shareholders ditch shares
Industry
Three institutional shareholders in Faroe Petroleum have sold a slice of their shares before a hostile bid for the oil
Top investors demand tougher climate policies
Industry
Institutional investors concerned about climate change have asked governments to set tougher policies at the COP24 conference in the Polish