Oil and gas giants agree target to cut methane emissions

They aim to reduce emissions from upstream operations to below 0.25% by 2025

Global oil and gas deals ‘worth $395bn last year’

Global oil and gas deal activity recovered from a slow start last year, reaching $395 billion (£317bn). That’s an increase from $340 billion (£273bn) in 2015, according to EY’s latest global oil and gas transaction review. While the value of deals increased, volume fell by 27% year-on-year, it adds. The value of upstream deals, i.e. […]

US oil & gas saw record upstream M&A deals in 2011

The States’ upstream oil and gas sector apparently saw record activity in mergers and acquisitions last year. Houston-based research firm PLS reported deals for 2011 accounted for $86billion, nine billion dollars more than the year before. Ronyld W. Wise, president of PLS said the strong activity was driven by “industry appetite for oil-rich resource plays, […]

Centrica profits down

Centrica has announced that its profits for the first half of 2011 are expected to be lower than in 2010. Downstream efforts in the UK could be half of those for the same period last year. The parent company of British Gas puts this down to higher costs for commodities and non-commodities and lower consumption. […]

SSE in deal for North Sea oil and gas

Scottish and Southern Energy has taken a further step in its bid to become a player in the UK oil and gas sector. The company has signed a deal with independent oil and gas outfit Faroe Petroleum to identify, assess and acquire oil and gas assets in the North Sea. SSE has almost clinched its […]