Tullow Oil on Dec. 9 said its CEO Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.
BP Plc said on Dec. 4 it would supply renewable energy to Amazon.com Inc.'s European data centers that drive the technology giant's cloud platform.
A surprise drop in coal use in the United States and Europe has helped to slow the growth of global carbon dioxide emissions this year, with softening demand in China and India also contributing, according to a study published on Dec. 4.
London company, which is also an oil producer, plans operational efficiencies and a shift toward natural gas.
Oil prices dipped on Nov. 29 in muted activity because of the U.S. Thanksgiving holiday while OPEC watchers expect an extension to a pact to throttle oil output beyond March but no deeper cuts to be decided by the producer group and its allies.
The shares are expected to start trading in London’s small-cap AIM market on Nov. 28.
Oil prices held near two-month highs on Nov. 22 and were set for a third consecutive week of gains, boosted by expectations of an extension to OPEC+ production cuts although doubts over U.S. and China trade talks capped gains.
Oil industry investments are now seen at 182.9 billion Norwegian crowns (US$20.0 billion) in 2019, up from the 181.7 billion crowns forecast in August, SSB said.
‘Windfall’ tax will be introduced to shift cost of climate change to oil companies.