Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2…
Veritas Capital has completed the acquisition of energy industry intelligence company Wood Mackenzie from Verisk.The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer. Joe Levesque…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
Canada's Cenovus Energy CVE.TO on Tuesday forecast higher capital expenditure and production in 2023, and said its natural gas business could grow by as much as 25% in coming years due to higher prices. The Calgary-based oil and gas producer…
Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate on Wednesday, as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results…
Italian energy services group Saipem is working to bring forward a planned 2 billion euro ($2.12 billion) capital increase and carry it out in the summer, CEO Francesco Caio told Il Sole 24 Ore in an interview published on Tuesday.The capital…
Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkand Islands, is looking to raise $1.8 million via a placement of shares. It will use the proceeds for general working capital purposes and for work on its Darwin offshore discovery in the Falklands…
Woodside Petroleum expects to hike its capital spending by about a third to $4 billion in 2022, as it advances oil and gas growth projects in Western Australia and Senegal as well as steps up efforts to start producing hydrogen.After booking record quarterly sales revenue on soaring LNG prices…
Africa-focused oil and gas firm Tower Resources has said it has raised £1.5 million (~$2 million) via a placing and subscription of 576,923,077 new ordinary shares of 0.001p each at a price of 0.26 pence per placing share, a discount of 29% to the closing share price on January 13…
Hess Corp will announce a 'meaningful' dividend growth this year as it starts to prioritize returning capital to shareholders over business investments, Chief Executive John Hess said on Thursday.Oil companies have been raising cash distribution…
Oil and gas company Energean, focused on the development of its Karish gas field offshore Israel, has appointed engineering firm Wood's Chair Roy Franklin OBE as an Independent Non-Executive Director.Franklin will join Energean's Nomination and Governance Committee and its Environment…
U.S. clean technology firm 8 Rivers Capital and Sembcorp Energy UK, a subsidiary of Singapore-based Sembcorp Industries, plan to build a net-zero emissions power plant in Teesside in northeast England, the firms said on Tuesday.The 300-megawatt project…
North Sea-focused oil and gas company NEO Energy has completed the acquisition of independent oil and gas company Zennor Petroleum Limited, first announced back in March.HitecVision-backed NEO Energy said in March it would acquire Zennor from Kerogen Capital for up to $625 million…
The Caspian region – home to 6 million barrels of oil equivalent per day of liquids and gas production – has been near the forefront of the global energy sector since the 19th century. It is core to most of the majors and has a resource base that should be primed for longevity…
Offshore oil and gas exploration and production company Kosmos Energy has appointed Roy A. Franklin as a member of its Board of Directors, effective June 9, 2021. Franklin is a senior executive with more than 45 years in the energy industry…
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