Executives from Royal Dutch Shell and Eni have met Iranian officials in Tehran to discuss investing in the country's energy industry.» Read More
The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...
April 30- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity. SunPower and First Solar said in February that they would spin off some of their power plants into a limited partnership called 8 point3...
Oil major Statoil swung to a first quarter net loss on a writedown in the value of its U.S. shale business.
Profits from refining and trading rose to $2.65B from $1.575B a year earlier, offsetting a sharp drop in oil and gas production earnings.
John Licata, founder & chief energy strategist at Blue Phoenix, says strength in the downstream enabled European oil companies BP and Total to report higher-than-expected profits.
European equities closed lower on Tuesday, as investors took a breather from a stellar rally in the previous session and looked ahead to a meeting of the U.S. Federal Reserve.
As tensions in the Ukraine rise, European sanctions are squeezing Russia's energy sector. Production is flat, and oil deliveries are down.
Oil CEOs expect low oil prices to linger for at least a few years, due to a market flush with private financing and productive wells.
US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.
April 16- Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd, SunPower's project development joint venture. SunPower and longstanding...
SYDNEY, April 14- Papua New Guinea's National Petroleum Company said it is looking to raise billions of dollars to help fund new oil and gas projects, as the South Pacific country battles a sharp slump in forecast revenue from a plunge in prices for the commodities. While prospects for new liquefied natural gas developments globally have been hammered by the...
European equities closed mostly lower on Wednesday, despite a surge in energy stocks after Royal Dutch Shell launched a bid for U.K.-listed BG Group.
Once a darling of emerging market investors, the slump in oil prices mean Nigeria’s economy is seen continuing to slow after this weekend’s elections.
The dramatic drop in oil prices is going to be very painful for the oil and gas industry, BP CEO Bob Dudley told CNBC Saturday.
Crude oil is plummeting, but some names are worth picking up on the weakness, "Fast Money" traders said.
A new research report has shone light on the corners of the market that investors have flocked to in search some return.
European equities turned lower Monday as a fall in the price of oil once again hit investor sentiment.
CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...
CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...
*SunPower Q4 adj profit of $0.26/ shares vs est. of $0.24. *SunPower, First Solar shares up on JV news. Feb 24- Shares of solar companies got a boost on Tuesday, a day after SunPower Corp and First Solar Inc said they were in talks to jointly spin off some assets, a move expected to generate stable cash flows for the long-standing rivals.