United States

Karolin Schaps

Feb 23 2017

Centrica returns to profit growth but flat dividend weighs on shares

LONDON Britain's largest energy supplier Centrica returned to profit growth last year as it benefited from volatile energy prices and colder weather but shares fell after investors were disappointed not to see a dividend increase.

Feb 14 2017

Moorside nuclear project in doubt after Toshiba writedown

LONDON The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp , which is developing the project with France's Engie , said it planned to pull out of the construction work.

Feb 10 2017

Rio Tinto recruits three energy executives to board

LONDON Rio Tinto has appointed three former senior managers from the energy industry to its board as non-executive directors, including Shell's departing CFO Simon Henry, the mining company said on Friday.

Feb 08 2017

Tullow falls to third annual loss on more exploration write-offs

LONDON Tullow Oil missed forecasts to fall to a third consecutive annual loss on Wednesday as it wrote off more of its Africa-focused exploration business, sending its shares lower.

Feb 07 2017

BP lifts break-even oil price after profit miss

LONDON BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year. | Video

Feb 06 2017

Israel's Delek expands in North Sea with Ithaca Energy deal

TEL AVIV/LONDON Israel's Delek Group has agreed to buy Ithaca Energy Inc in a deal valuing the North Sea oil producer's equity at $646 million and building on Delek's expansion in the North Sea ahead of a planned London listing.

Feb 02 2017

Shell nears another $5 billion in sales to ease debt load

LONDON Royal Dutch Shell is close to selling assets totaling $5 billion to cut debt following its acquisition of BG Group, the oil major said on Thursday as it reported its lowest full-year earnings in more than a decade. | Video

Jan 31 2017

London set for largest oil company listing since 2014 price crash

LONDON Diversified Gas & Oil, a conventional gas producer in the United States, is set to list on London's junior AIM market on Friday and raise $50 million, the biggest oil and gas flotation since oil prices started to fall in mid-2014.

Jan 31 2017

After Shell deal, Chrysaor in the market for more North Sea assets

LONDON Chrysaor, which has just bought much of Shell's UK North Sea assets for up to $3.8 billion, said it was in the market for more North Sea deals to expand its newly acquired position as one of the basin's biggest independent producers.

Jan 31 2017

Shell agrees to UK North Sea, Thai asset sales worth $4.7 billion

LONDON Royal Dutch Shell announced two divestments on Tuesday worth $4.7 billion including selling a chunk of its North Sea assets to private-equity backed Chrysaor which will now become a top three oil and gas producer in Britain.

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