105 results

Tullow Oil chief executive Aidan Heavey. The deal involves an initial $100 million cash payment, with a further $50 million due when the final investment decision has been made. Photograph: Nick Bradshaw

Tullow Oil said on Monday it has agreed to sell a stake in a Ugandan oil project to French group Total for a total consideration of $900 million (€851(...)

BP’s chief executive Bob Dudley. BP is exploring deals in Iran.

BP has tapped Irishman Bernard Looney and four other top non-US executives to steer efforts by the oil giant to explore for business in Iran without b(...)

Stocks rallied in Asia and Europe after Opec’s surprise announcement. Photograph: iStock

Stocks rallied in Asia and Europe after Opec’s surprise announcement of a deal to cut crude output spurred a surge in oil late Wednesday. Energy com(...)

Germany’s Commerzbank shares reached a record low, down more than 8 per cent after it warned its earnings would fall this year because of customer caution and negative official interest rates. Photograph: Ralph Orlowski/Reuters

Irish bank share prices fell on Tuesday as the sector in Europe continued to suffer following the results last week of the European Banking Authority(...)

Exxon Mobil Corp. signage is displayed on a monitor on the floor of the New York Stock Exchange. The S&P 500 fell 0.2 per cent, after losing as much as 0.5 per cent. The Dow Jones Industrial Average declined 0.1 per cent, to 17,771.62. The Nasdaq Composite slipped 0.2 per cent. (

European stocks were little changed after European Central Bank president Mario Draghi kept broadly similar inflation forecasts for the euro area, whi(...)

Workers on strike block the access to the harbour of Saint-Nazaire, western france. Photograph: Getty Images

Football fans have until now focused on the risk of jihadist attacks during the Euro 2016 championship, to be held in 10 French cities from June 10th (...)

Tanker trucks line up near a barricade set up by union members on strike preventing the access to a refinery in Fos sur Mer, southern France. Union-led blockades of French depots and oil refineries have led to fuel shortages and police action. Photograph: AP Photo

The leading labour union at the Paris subway company on Monday announced an open-ended strike that would start a week before the Euro 2016 soccer tour(...)

Statoil jumped 6.1 per cent after Norway’s biggest oil company unexpectedly posted a profit

Energy companies pushed European equities up for a second day running, amid better-than-estimated earnings reports and news of oil reaching $45 a barr(...)

 BP reported a first quarter loss of $583 million  against profits of $2.6 billion a year earlier as it continues to suffer from sharply lower oil prices. (Photograph:  Dominic Lipinski/PA Wire)

BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil pr(...)

The volume of shares changing hands across Europe was a third per cent lower than the 30-day average. EPA/JJ Guillen

Stocks dropped around the world as the dollar extended gains into a fifth day, with the potential for higher US interest rates again roiling financia(...)

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