Maersk is to lead a £3 billion project to develop the largest gasfield discovered in the U.K. North Sea for a decade, the FT reports.» Read More
Europe ended in positive territory on Tuesday, as investors kept an eye on the slew of earnings and the start of the Federal Reserve meeting, while British insurer RSA surged 20%.
Michael Hulme, commodity equities fund manager at Carmignac, talks about BP's future following its Q2 earnings.
U.S. stocks were tipped to open higher on Tuesday, ahead of the start of the U.S. Federal Reserve's two-day meeting, a raft of earnings and data.
Some of the names on the move ahead of the open.
U.S. stocks have some powerful negatives tugging at them, not the least of which are the Shanghai "panda bear" market and a global commodities rout.
Oil giant BP reported a $6.3 billion loss on Tuesday, and warned that low oil prices are here to stay.
BP, the oil giant, announced a second-quarter replacement cost loss of $6.3 billion, and warned low oil prices are here to stay.
Jonathan Barratt, chief investment officer at Ayers Alliance Securities, explains why he's expecting weaker second-quarter results for BP.
Earnings have been largely positive this season, but some traders say bad news could be right around the corner.
The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
The world's big energy groups have shelved $200 billion of spending on new projects in a round of cost-cutting aimed at protecting investors. The Financial Times reports.
July 23- BP Plc's settlement of the Deepwater Horizon blowout and its cost reduction efforts should support its credit ratios to the end of 2016, ratings agency Standard& Poor's said, revising its outlook on the oil and gas major to stable from negative. S&P affirmed its highest' A-1' rating on BP's short-term credit and' A' on its long-term issue.
After Chesapeake got rid of its dividend, traders are training a nervous eye on another energy giant.
HOUSTON, July 15- Kinder Morgan Inc is considering more export opportunities from Texas and the U.S. "The market is very ripe in Houston right now, it's just a matter of which product makes the most sense," John Schlosser, head of Kinder Morgan's terminals division, said during a quarterly earnings call. Kinder Morgan already exports refined products and has...
BP is still facing a threat of billions of dollars more in compensation payments for its 2010 oil spill in the Gulf of Mexico.
NEW YORK/ LONDON/ HOUSTON, July 9- In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history. An unexpected opportunity to secure a global deal that would wipe the slate clean of hundreds of claims...
European equities closed lower on Friday as investors looked ahead to Sunday, when a referendum that could affect Greece's future in the euro zone will take place.
Marvin Odum, Shell Oil President, discusses the company's new project in the Gulf of Mexico. He says this is going to be a profitable project because the breakeven price is about $55 per barrel.
Discussing Shell Oil's drilling plans in the Arctic, with Shell Oil President Marvin Odum. Odum says the company is focusing on protecting the natural environment there.
BP agreed to pay $18.7 billion in compensation for the Gulf oil spill. CNBC's Eamon Javers has the details. Louisiana will be the biggest beneficiary.