FT.co oil and gas feed
The latest oil and gas company and industry news with expert analysis from the Financial Times on FT.com
Updated: 30 min 22 sec ago
Small-caps: Solo Oil and Aminex rebound
Soloand Aminex both make gains on news of their intention to drill deeper at their Ntorya-1 well in Tanzania
Categories: Energy
Aurelian’s sale plan fails to lift shares
Group’s share price is stuck around the 16p level due to disappointment over the progress of gas explorations in central and eastern European fields
Categories: Energy
Gas price fall forces BG’s hand
BG Group is the latest energy company planning to reduce production of shale gas in response to declining wholesale prices
Categories: Energy
Interactive Map: the Falkland Islands
Explore the economic and military assets in the Falkland Islands
Categories: Energy
Total promises to invest $23bn a year
The oil group has pledged to spend more on exploration and production to replace falling reserves, continuing a policy of greater risk-taking
Categories: Energy
China cuts Iranian oil imports, says IEA
Stunted economic growth in Europe takes a toll as the IEA, the oil watchdog for industrialised countries, makes its sixth consecutive reduction
Categories: Energy
Electricity price gyrations boost power trading
Electricity has become the stamping-ground not only of utilities and merchants but of hedge funds, proprietary traders and Wall Street banks
Categories: Energy
Cruise ship fallout hits oil and gas producers
Italian government accused of caving in to pressure from environmental lobbies by withdrawing legislation that would have eased restrictions on mineral exploration
Categories: Energy
BG Group
Its big bet on gas is proving a mixed blessing: it is repositioning itself as a middleman between supply-heavy US markets and demand-heavy Asia
Categories: Energy
BG to scale back shale gas plans
BG Group became the latest energy company to moderate enthusiasm for the fuel but a forecast for strong LNG demand lifted the share price
Categories: Energy
BHP Billiton: mining the investment seam
It is wise to try to live within its means, scaling back capital intensive operations but has more growth options than its valuation suggests
Categories: Energy
Statoil to switch focus to ‘liquid-rich shales’
Norwegian group to invest less in its North American shale gas properties amid falling US natural gas prices
Categories: Energy
BHP strategy to remain unchanged
World’s biggest mining group reports 6% rise in half-year earnings and says proposed Glencore-Xstrata merger will make no difference to its plans
Categories: Energy
Bounteous BP battles to regain yield appeal
Bob Dudley is waking up to the attractions of a well-placed cashback deal after raising the group’s quarterly dividend by 14% to 8 cents per share
Categories: Energy
Small caps: Aminex and Solo Oil plunge
The companies said that sought-after oil or gas deposits were not encountered at the depths expected at the joint operated Ntorya-1 well
Categories: Energy
BP boosts dividend as trial looms
Oil group bullish ahead of New Orleans trial over Gulf of Mexico oil spill, saying ‘operational momentum’ has returned
Categories: Energy
BP: back in the race
If BP can persuade prosecutors that the accident had multiple causes by multiple parties, it could avoid a charge of gross negligence
Categories: Energy
Price of Canadian crude falls over backlog
Sixth-biggest oil producer sells at half the global rate after rising production is hit by pipeline congestion and outages at US refineries
Categories: Energy
Anadarko shows exploration programme success
Oil company booked 392m barrels of oil equivalent to its reserves last year, equivalent to 159 per cent of its production
Categories: Energy
South Korean groups ramp up foreign deals
Europe’s debt crisis and a paucity of domestic deals embolden companies to be more aggressive in chasing natural resources and luxury brands
Categories: Energy
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more