Contact Us

(+44)1962 353144

News Archive for: October 2013

BP investors cheered by promise of more share buybacks:

BP plans to sell $10bn (£6.2bn) of assets over the next two years and hand most of the cash back to shareholders, the oil giant announced on Tuesday, as it unveiled a smaller fall in profits than analysts had feared.

The news, combined with an unexpected increase in the quarterly…

Statoil steps up exploration programme after North Sea sell-offs:

Norwegian oil giant Statoil said it expects production levels to fall next year as the impact of its recent sell-off programme is felt.

Production by firm grew by around 6% in the last quarter, but the sell-off of North Sea and Norwegian Sea fields to OMV and Wintershall over the…

BP announces third quarter 2013 results:

BP today announced its financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion.

Consistent with its commitment to maintaining a progressive and sustainable dividend…

Chevron establishes recoverable resource in the Duvernay Shale play:

Chevron Corporation (NYSE: CVX) announced the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Limited, in the Kaybob area of the Duvernay play, located in west-central Alberta, Canada.

Chevron Canada Limited successfully concluded the initial twelve well exploration drilling program in the liquids-rich portion of…

Taqa restarts North Sea fields:

Abu Dhabi state-controlled company Taqa has resumed output from the Causeway and Cormorant East fields in the UK North Sea.

The fields were shut-in last month while routine maintenance was carried out North Cormorant platform.

Field partner Antrim Energy revealed on Friday that the six-week maintenance programme had been completed and…

Sidebar area