EXCLUSIVE Major buyers of Russian oil struggle with bank guarantees -sources
The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take crude from one of the world’s largest producers.
Shell ends 2021 on high note, hikes dividend, buybacks again
Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.
Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
BP to take full control of Thorntons stores in U.S. retail push
July 13 (Reuters) – BP Plc (BP.L) said on Tuesday it would buy the majority share it does not already own in its Thorntons joint venture from ArcLight Capital Partners LLC to expand its presence in the U.S. fuels and convenience retail business. The acquisition will bring BP more than 200 retail stores in Kentucky, Illinois, Indiana, […]
EXCLUSIVE Energy trader Mercuria posts record profit for volatile 2020
Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.
More departures from Exxon Mobil’s trading operation -sources
Traders from Exxon Mobil Corp’s (XOM.N) natural gas liquids and gasoline units have left, according to three people familiar with the matter, the latest in a stream of departures from its downsized trading operations.
EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria
BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said.
