Gas prices have become the new benchmark for inflation risks, even more so than oil prices. This is especially true as a winter with declining inventories approaches. Stock market: here are the energy companies...
Albert Manifold has been removed from the board of British Petroleum after only eight months in office. "The board was disappointed to learn of misconduct that it considers unacceptable," the company stated. But investors disagree:…
Faced with the ongoing threat of closures in the Strait of Hormuz, other sources of supply are being sought. All of Africa is attracting major oil companies. Metals are subdued due to recession fears, but aluminum is surging due to the decline...
Markets want to believe that oil traffic in the Strait will resume soon, with shipowners ready to launch 800 tankers. Wall Street's premarket forecast predicts an energy stock debacle even more severe than the European one.
Europe's major energy players are rising sharply, from Shell to BP to TotalEnergies. Eni and Italgas are shining on the Milan Stock Exchange. Meanwhile, a 30-year-old oil block in Nigeria is reopening: Eni and Shell will manage it.
The stock market values their gas pipelines, oil pipelines, or other crude oil and gas distribution facilities at very compressed multiples: these assets trade around seven times earnings, while private buyers might be willing to value them 12 times,…
Azule Energy, an Eni-BP joint venture, will invest €5 billion in Angola for 18 wells, non-associated gas, and biorefineries. The goal is to reach 370 boe/d by 2026.
Aramco plunges 22% as oil prices decline, BP returns to profit and relaunches its fossil fuel business with record discoveries in Brazil. Quarterly data
In the deep waters of the Bumerangue block, the energy giant has discovered a significant amount of oil and gas. The stock price surges on the eve of the results. The discovery confirms BP's return to fossil fuels, after the flop...
Shell weighs BP acquisition in deal that could shake up energy industry. BP stock plunge and strategic crisis pave way for one of oil's biggest mergers ever
Shares in oil company BP jumped more than 7%, to their highest level since August, after Reuters reported that fund Elliott Management had bought a "significant" stake in the company.
The decision is the result of the strategy of the previous CEO, Bernard Looney, who had focused on offshore wind without the expected drop in oil. This cut is part of a plan to save 2 billion dollars, but it will not be the last.
BP has placed a $100 million order to purchase superchargers from Elon Musk's car company. From next year the ultra-fast charging stations with Tesla technology will therefore also be available in the colors of the…
Oil prices on the rise while Russia records a deficit of 25 billion due to lost energy revenues, the worst figure since 1998. Stock market leap for Saipem and BP
Saipem to transport and install a gas pipeline that will connect four wells in Sicily – Eni and BP join forces in Angola to create the joint venture Azule Energy
"We are on time on everything" said Bpm CEO Giuseppe Castagna, but did not go into detail on Thursday's meeting in Frankfurt with the ECB
The British giant has announced that it has signed an agreement in principle with the US judiciary to resolve in this way the lawsuits brought by the central state and five federal states after the black tide of April 2010.
The company's results are weighed down by the depreciation of oil and other write-downs of around 3,5 billion - Production is also down - BP announces a reduction in investments for 2015.
The recipients of the agreement, for a total amount of 25 million, are companies with turnover up to 250 million, achieved for at least 10% abroad, with the purpose of purchasing and restructuring real estate, land, plant and machinery.
The oil company ended the third quarter with profits of 5,2 billion euros, down year over year, but much better than expectations at 4,1 billion euros - The 12,5% increase in the dividend, to 9 cents for…
The British are negotiating to sell their stake in the TNK-BP joint venture to the Moscow company, in exchange for several billion dollars in cash and 12,53% of Rosneft - President Vladimir Putin has a surprise meeting with the CEO…
British Petroleum will lead a 10 billion dollar project that will increase Egyptian gas production by 20% - China, on the other hand, will invest almost 3 billion in the country over the next two years - Meanwhile, Obama too is…
