|Bid||462.00 x 330000|
|Ask||467.00 x 350000|
|Day's range||457.35 - 465.60|
|52-week range||4.80 - 536.20|
|PE ratio (TTM)||27.04|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
European utilities plan to begin some direct trades with one another using blockchain technology within months, hoping to stay ahead in a world in which individuals may eventually sell green energy to one another. The distributed ledger technology that underpins the bitcoin currency has already been tested by energy operators for wholesale trading, but it will go live with just a few selected electricity and gas contracts to start with. The initiative, Enerchain, is a forerunner of more possible uses of the technology by established energy players and wider options explored by a raft of start-ups to harness its potential - many of them years away from execution.
Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia.
British engineering company Smiths Group reported a lower than expected first-half profit on Friday, hit by weakness in its core businesses, sending its shares down as much as 11 percent. Smiths, a provider of hospital equipment, industrial services and sensors to detect explosives, said pretax profit fell 12 percent to 217 million pounds ($306 million) for the six months ending on Jan. 31, missing analysts expectation of 283 million pounds, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data. Delays in new product launches have hit the FTSE 100 firm's largest unit, Smiths Medical, with revenue at the division falling 5 percent to 451 million pounds.
When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie. Surprisingly, that piece was snatched from one of the world’s largest energy ...
BP's US-based businesses contribute to $88.7 billion, reflecting almost 34% of the company's total sales and other operating revenues.
Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million hectares) for development in the Gulf - an area twice the size of Florida - with discounted royalty rates on the shallower tracts as part of a broader effort by President Donald Trump to ramp up fossil fuels output. In all, the auction yielded $124.76 million in winning bids, slightly more than a smaller Gulf of Mexico auction last year, but a tenth of the amount pulled in during a much smaller lease sale in the Central Gulf in 2013.
A Chevron attorney said in court on Wednesday that the company supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the public for years about their role in global warming. At a hearing in San Francisco federal court, Chevron attorney Theodore Boutrous also said that the scientific consensus about greenhouse gas emissions did not fully form until the past decade.
A Chevron (Euronext: CHTEX.NX - news) attorney said in court on Wednesday that the company supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the public for years about their role in global warming. At a hearing in San Francisco federal court, Chevron attorney Theodore Boutrous also said that the scientific consensus about greenhouse gas emissions did not fully form until the past decade.
Royal Dutch Shell (LSE: 0LN9.L - news) is placing a big bet on petrol stations and convenience stores in China, India and Mexico as it looks to shore up profits during the electric car revolution. By 2025, the oil and gas giant plans to grow its global network of roadside stations by nearly a quarter to 55,000, targeting 40 million daily customers, Shell said in a statement on Wednesday. Shell, as well as rivals such as BP, sees retail as a way to secure demand for the fuels it refines, as consumption could peak as early as by the end of the next decade due to the growth in electric vehicles.
Five of the world's biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming. The cities of San Francisco and Oakland, California sued Chevron Corp, Exxon Mobil Corp, ConocoPhillips (NYSE: COP - news) , Royal Dutch Shell PLC (LSE: 0LN9.L - news) , and BP PLC last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change. The companies argued in legal filings on Tuesday that the case in San Francisco federal court should be dismissed, partly because Congress has given regulatory agencies, not the courts, authority over the production and emission of fossil fuels.
British oil major BP will drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico during the third quarter of 2020, according to a plan approved Tuesday by Mexican oil regulator CNH. The four-year exploration plan for the block located in the Gulf's Salina Basin is also expected to lead to an investment of $199.5 million (£142.5 million) and add up to 75 million barrels of oil equivalent in reserves, according to the CNH. Norway's Statoil and France's Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico's first-ever deepwater oil auction in late 2016.
British oil major BP will drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico during the third quarter of 2020, according to a plan approved Tuesday by Mexican ...
The FTSE fell to a 15-month low on Monday after Britain and the European Union agreed on a post-Brexit transition which boosted the sterling but weighed on the internationally exposed index. Britain's ...
SINGAPORE/LONDON, March 19 (Reuters) - ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month, several trade sources said on Monday. The cool-down cargo could be a first step toward restarting LNG production at the facility ahead of schedule or it may simply be needed to maintain operational readiness, traders said. Stopping the liquefaction process which condenses gas into a liquid at minus 162 degrees Celsius causes LNG plants to warm up, requiring cargoes to be imported to keep cryogenic tanks and equipment operational.
MOSCOW (Reuters) - Rosneft (ROSN.MM) doubled its fourth-quarter net income to 100 billion roubles ($1.74 billion) after it resolved a row with Sistema (AFKS.MM), the Russian energy company said on Monday. ...
Rosneft doubled its fourth-quarter net income to 100 billion roubles after it resolved a row with Sistema, the Russian energy company said on Monday. The net income met analysts' forecasts. Sistema agreed ...
Russian energy company Rosneft on Monday reported a fourth-quarter net profit of 100 billion roubles , nearly double its year-earlier result and in line with analyst forecasts in a Reuters poll. It said ...
LONDON/MILAN, March 16 (Reuters) - Italian oil major Eni (Euronext: ENI.NX - news) hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni (LSE: 0N9S.L - news) was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt.
Greece's Energean Oil & Gas listed on the London Stock Exchange (Other OTC: LDNXF - news) on Friday, raising $460 million to develop two Israeli offshore gas fields in the latest milestone for the rapidly expanding eastern Mediterranean energy sector. The firm offered 72.6 million new shares at 4.55 pounds ($6.35) apiece in the first flotation of an oil and gas producer on London's main market since Zenith Energy (Frankfurt: A1W453 - news) in January 2017, according to London Stock Exchange data. The funds, together with a credit facility signed earlier this month, will go towards the $1.6 billion development of its Israeli offshore gas fields Karish and Tanin, which have potential reserves of up to 2.4 trillion cubic feet of natural gas and 32.8 million barrels of light oil and condensate.
In BP’s Technology Outlook 2018, the oil giant claimed that new technology could lower to production costs of oil by 30 percent
BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country's Mediterranean coast, banking sources said. The London-based company has in recent weeks pitched to potential buyers its stake in Gulf of Suez Oil Company (GUPCO), a joint venture with the Egyptian General Petroleum Corporation (EGPC) that was set up in the 1960s.
BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country's Mediterranean coast, banking sources said. The London-based company has in recent weeks pitched to potential buyers its stake in Gulf of Suez Oil Company (GUPCO), a joint venture with the Egyptian General Petroleum Corporation (EGPC) that was set up in the 1960s. GUPCO produces over 70,000 barrels per day of oil and 400 million cubic feet per day of gas, the sources said.