(Alliance News) - The leading trade association for the UK's offshore energy industry has said the situation in the industry has "deteriorated further" as it called on the UK government to intervene.

It doesn't look as if cuts to buybacks and capex will preserve enough cash for Big Oil — some new job cuts have been ...

British major BP on Tuesday improved its hydrocarbons production outlook for the third quarter of this year, with higher gas ...

BP to drill five offshore gas wells in Egypt from 2026 $140M Valaris contract targets West Nile Delta reserves Project aims to offset Egypt’s declining gas production BP Exploration Delta Limited, a ...

LONDON, Dec 3 (Reuters) - For Big Oil, coffee and chocolate could be the new black gold. Under pressure from investors and governments alike to cut emissions, major European oil companies are ...

Most oil majors need oil prices above $80 a barrel to sustain current levels of dividends and share buybacks, which hit ...

In August BP said it would launch a new cost review and evaluate its portfolio to ensure it is maximizing shareholder value. This follows a strategic revamp and the jettisoning of its push into ...

Albert Manifold’s message signaled more asset sales as it attempts to shore up its balance sheet while boosting valuations ...

After years of pledging to cut fossil fuel output, Big Oil is pivoting back to large-scale oil and gas exploration as the energy transition slows and conventional energy profits remain strong.

The upcoming earnings reports for big oil and energy companies will tell a story of two different worlds. On the one hand, we will likely see lower profits from simply drilling for oil and gas (or the ...