The US energy giant, the third-largest in the world by market value, is putting its assets up for sale. A successful deal could raise an estimated £800m.
Three years ago, major European oil companies, including British Petroleum (BP), Total, and Shell, began a transition from traditional operations to cleaner sectors, including wind, solar, electric vehicles, and biofuels. Driven by…
The CEO of Russian state-run gas giant Gazprom arrived in Iran on Wednesday with the delegation in what has been described as a “working visit with high-level Iranian officials, including the country’s oil minister, Reuters reports.…
The head of Brazil's state-controlled oil and gas giant Petrobras has stepped down, the company said in a prepared statement Wednesday, following months of tensions with the federal government.
RIO DE JANEIRO (AP) — The head of Brazil’s Petrobras is stepping down after a fight over dividends, sending shares of the state-controlled oil and gas giant tumbling. Petrobras opted not to pay extraordinary dividends to its shareholders…
Get latest articles and stories on World at LatestLY. The head of Brazil's state-controlled oil and gas giant Petrobras has stepped down, the company said in a prepared statement Wednesday, following months of tensions with the federal…
Production concerns mounted as oil giant Shell launched an initial investigation into reports of smoke early Tuesday near its Gbaran Ubie oil and gas facility in Bayelsa state. A company spokesperson confirmed the incident after residents…
LEP is guided by Dinesh Kumar Sarraf, former chairman and managing director of India's premier E&P company, Oil and Natural Gas Corporation Ltd (ONGC). Under his visionary leadership, Mr. Sarraf has spearheaded numerous international…
American oil giant Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, as the company seeks to dispose of ageing assets to focus …
American oil giant Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, as the company seeks to dispose of ageing assets to focus on its fast-growing U.S. production. The U.S. energy giant is offering…
Strong oil demand and production in North America helped Canadian pipeline giant Enbridge Inc (NYSE: ENB) raise its first-quarter adjusted earnings and beat analyst estimates. Enbridge, operator of Mainline, North America’s biggest oil…
Two members of the United States Congress, Maxine Waters and Joyce Beatty, have urged the Department of Justice to reopen an investigation into oil giants, Shell and Eni, over allegations of corruption on a 2011 deal for lucrative Nigerian…