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Oil gas
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3 FTSE oil and gas stocks in focus after OPEC maintains 2021 demand forecast
August 13, 2021 05:53 PM AEST| By Suhita PoddarHighlights The Organisation of the Petroleum Exporting Countries (OPEC+) announced that 2021 demand is expected to remain strong despite rising Delta variant cases It estimates global oil demand to rise by 6.6 per cent in 2021, same as its earl.....
5 FTSE oil and gas stocks in the limelight
August 11, 2021 08:28 PM AEST| By Suhita PoddarSummary The crude oil sector has gone through many challenges because of pandemic led lockdown, which has led to negative oil prices last year for a brief period of time. As per the market experts, the demand for crude oil is expected to bounce.....
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88 Energy (LON: 88E) shares: What is propelling the surge?
August 03, 2021 06:01 PM AEST| By Suhita PoddarSummary Energy company 88 Energy announced changes and additions to its board, causing its shares to surge. 88 Energy’s shares ended higher by over 7 per cent on Monday following the news The company had also recently announced its quart.....
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5 hot FTSE oil and gas stocks in focus as oil prices dip
July 02, 2021 11:10 PM AEST| By Kamalika GhoshOil prices on Friday dipped after the ministers of the OPEC+ countries delayed a crucial output policy meeting. It was reported that the United Arab Emirates rejected plans of increasing the quota of 2 million barrels of oil per day in the second h.....
How FTSE Oil Majors Reacted to Brent Crude’s Two-Year High Mark
June 15, 2021 09:06 PM AEST| By Suhita PoddarSummary Brent crude prices touched a two-year high mark of $73.52 per barrel on 14 June. All major oil bodies are anticipating the rise is ahead of the surge in oil demand as most economies are reopening. Brent crude prices surged to reach.....
Electrolyser manufacturer ITM Power reported an encouraging order backlog of £154.0 million
June 11, 2021 02:48 AM AEST| By Team Kalkine MediaSummary ITM expects the top-line business to remain approximately £4.0 million during FY21. The Contract backlog had reached £154.0 million as of 10 June 2021. It anticipates producing 50MW of electrolysers during FY22. ITM Po.....
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BP Invests In 9 GW US-Based Solar Projects
June 02, 2021 11:16 PM AEST| By AbhijeetSummary BP PLC has invested $220 million in a 9-GW pipeline of solar projects in the US. The agreement will bring BP Plc a step closer towards its target of increasing its capacity of renewable energy to 50 GW by 2030. British Petroleum (L.....
Chevron, Exxon Face Climate-Focused Investors Rebuke; Shell Pulled Up by Dutch Court
May 27, 2021 07:22 PM AEST| By AbhijeetSummary Chevron Corporation and ExxonMobil faced pushback from investors in their annual meetings on May 26. Investors forced the two companies to shift to lower-carbon alternatives. Shell has been pulled by a Dutch court to bring down its gre.....
Oil stocks in focus as Shell to sell its interest in Deer Park Refining
May 25, 2021 07:51 PM AEST| By Suhita PoddarSummary Shell would be selling its interest in Texas-based Deer Park refinery. The transaction will transfer Shell's full ownership of the refinery to the Mexican oil major by the end of fourth quarter this year. Pemex would now be providing e.....
BP and Eni Enter Talks to Meld Their Oil & Gas Business in Angola
May 19, 2021 11:45 PM AEST| By Suhita PoddarOil majors BP Plc and Eni S.p.A. (BIT: ENI) are reportedly in talks for the merger of their oil and gas operations in Angola. If the plan succeeds, the two firms will one of the biggest energy companies in Africa, producing roughly 200,000 barrels .....
3 FTSE Oil & Gas Stocks in Focus as BP Plans to Sell 28% Stake in Shearwater Field
May 18, 2021 09:16 PM AEST| By AbhijeetSummary BP Plc is planning to sell its 28 per cent stake in the Shearwater field to Tailwind Energy Ltd. The Shearwater field is operated by oil major Royal Dutch Shell Plc. In 2016, Tailwind was incorporated to acquire oil and gas assets that.....
Is BP's New Take on Gas Aligned to Its Own Path to Net Zero Emissions?
May 18, 2021 02:09 AM AEST| By AbhijeetSummary Investors have questioned BP championing of gas, saying that it may be at odds with the oil major’s promise to support the Paris Agreement. Analysts have said that since there is no clear-cut blueprint for what the Paris agreement.....
Lens on BP Plc and Powerhouse Energy Amid Divergent Climate Change Developments
May 13, 2021 10:44 PM AEST| By Suhita PoddarSummary Shareholders of BP Plc voted against a resolution to take the company closer to achieving its climate commitments. Over 79 per cent of total shareholders opposed a proposal placed by a shareholder group. Powerhouse Energy Group Plc wou.....
Lens On 3 Oil & Gas Stocks as Shell Divests US Refinery
May 06, 2021 12:17 AM AEST| By Suhita PoddarSummary Royal Dutch Shell Plc to divest its Puget Sound Refinery in Washington to HollyFrontier Corp. The agreement has been finalised at $350 million in cash. The company would also additionally pay $150 million to $180 million for the invent.....
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Saudi Aramco’s Profit Soars 30 Per Cent as Oil Market Recovers, Dividend Maintained
May 05, 2021 02:41 AM AEST| By Suhita PoddarSummary Net income of Saudi Aramco jumped to US$ 21.7 billion for Q1 2021 (Q1 2020: US$ 16.7 billion). The firm’s earnings before interest, income taxes and zakat for Q1 2021 was US$ 40,982, whereas Cash flow from operating activities was.....
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BP Plc Reports Q1 Profit Of $4.7 Bn, Announces $500-Mn Share Buyback
April 28, 2021 12:34 AM AEST| By Suhita PoddarSummary The Q1 2021 profits of BP Plc jumped to $4.7 billion, up from a profit of $1.4 billion in the previous quarter. The company announced it would begin its share buyback programme worth $500 million in the second quarter of 2021. The comp.....
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Focus on 5 High Dividend Yield FTSE Oil & Gas Stocks
April 27, 2021 11:22 PM AEST| By Suhita PoddarSummary Many companies, which had withheld dividend, have started resuming payouts. Last year, half of the dividend cuts were from the Oil & Gas sector BP has announced a dividend of 5.25 cents per share for Q1. Dividends matte.....
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Pantheon Resources Shares Slump Reacting to Talitha #A Well Disappointment
April 19, 2021 11:45 PM AEST| By Suhita PoddarSource: Robert Lucian Crusitu, Shutterstock Summary The exploration firm released its operational update for the Talitha #A well stating that it flowed high quality light oil intermittently at a disappointing rate of up to 100 barrels oil per d...
BP Plc to Reach Net Debt Target in Q1 2021; 2 Energy Stocks in Focus
April 07, 2021 02:26 AM AEST| By AbhijeetSource:Cardaf, Shutterstock Summary BP Plc on Tuesday said it expected to reach its net debt target of $35 bn in the Q1 of this year. The company received about $4.7 billion in disposal proceeds in the first quarter. BP Plc aims to sell $25 b...
3 Oil & Gas Stocks in Focus After Oil Prices Rebound Despite Suez Canal Blockage
March 27, 2021 01:33 AM AEDT| By Suhita PoddarSource: II.studio, Shutterstock Summary A container ship caused a blockage in the crucial trade artery, Suez Canal, due to storms. The traffic was held up in the region leading to losses for certain sectors. Oil prices faced volatility this we...
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