U.S. News BRUSSELS -European Union countries adopted a 14th package of sanctions on Russia that aims to close some loopholes and hits Russia’s gas exports for the first time, EU foreign ministers said on Monday. Western powers imposed sweeping sanctions on Moscow after Russia launched a full-scale invasion of Ukraine in February 2022, which have been progressively ramped up since.
World Oil (Bloomberg) – There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of production and investment in the North Sea, according to Neptune Energy. “The future of the North Sea is now dependent upon the U.S. banks or Norwegian banks and not on the UK banks,” Julian
World Oil (Bloomberg) – Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter. The Italian oil and gas company is working with advisers including Standard Chartered Plc on the possible stake sale, the people
Yahoo Finance PARIS – The French government should buy a “golden share” in TotalEnergies to have a say in strategic company decisions, including aligning its activities with the Paris Climate Accord and vetoing any potential move to the U.S., a non-binding Senate report published on Wednesday said. The report follows nearly six months of hearings by a special commission on
Oil Price The slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE 100 index in the red. As oil prices fell by more than 3% on Monday and continued to drop early on Tuesday, shares
Yahoo Finance PARIS – TotalEnergies said on Friday that it is studying plans to cross-list its shares in the United States, while also keeping its shares on the Euronext stock exchange. “It’s more a technical study, how to offer these shares to the American market, while keeping our shares on Euronext, in Paris, in London, in Brussels, because the majority
BOE Report Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 billion acquisition of rival Hess
U.S. News MILAN – Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. Such deals would expand veteran CEO Claudio Descalzi’s strategy to split some of Eni’s operations into separate entities, or satellites, to
World Oil (WO) – According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong increase in demand in the UAE, which saw overall sales volumes increase by 14% Y-o-Y. As a result of the improved revenue and continued focus on operational efficiency, Q1 2024 earnings
World Oil (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. The French energy giant is considering the switch “in part because ESG policies in Europe have more weight,” Chief Executive Officer Patrick Pouyanne
Oil Price The G7 group of the world’s most industrialized nations are discussing a common target to end their coal-fired power generation by 2035 at an energy ministers’ meeting in Italy, a source close to the talks told Reuters on Monday. The energy, climate, and environment ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States are meeting between Sunday
US News FRIEBERG, Germany – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as the Swiss-listed
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
