Edition:
India

Shadia Nasralla

Britain's Tullow Oil chief to exit as group loses half its value

09 Dec 2019

LONDON More than half of the value of Africa-focused Tullow Oil was wiped out on Monday as Chief Executive Officer Paul McDade stepped down and the oil producer scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana.

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

07 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

Saudi, Russia look to seal deeper output cuts with producers

06 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

OPEC and allies prepare to deepen oil output cuts

05 Dec 2019

* OPEC+ seeks additional cuts of more than 400,000 bpd -sources

OPEC, Russia debate deeper oil cuts as new glut looms

04 Dec 2019

MOSCOW/VIENNA OPEC and its allies led by Russia are gearing up to approve deeper oil production cuts this week to prevent a new glut and a collapse on oil prices with OPEC member Iraq saying the move was supported by key members.

North Sea oil producer Siccar Point attracts bids of up to $2 billion: sources

22 Nov 2019

LONDON Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.

Exclusive: Exxon aims to sell $25 billion of assets to focus on mega-projects - sources

22 Nov 2019

LONDON Exxon Mobil plans to sell up to $25 billion of oil and gas fields in Europe, Asia and Africa in its biggest asset sales for decades, seeking to free up cash to focus on a handful of mega-projects, according to three banking sources.

No apologies: Africans say their need for oil cash outweighs climate concerns

08 Nov 2019

CAPE TOWN/LONDON A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.

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