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The latest upstream oil and gas news from around the world.

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VNG to Explore Strategic Options to Maximize E&P Business Value

Fri, 19 Jan 2018 00:00:00 GMT

VNG AG looking to explore 'strategic options' to maximize the value of its oil and gas exploration and production business in Norway and Denmark.

Vitol Agrees $530 Mln Oilfield Deal With Nigeria's Shoreline

Thu, 18 Jan 2018 00:00:00 GMT

European trading house Vitol reaches deal with Shoreline to finance an oilfield in exchange for access to some of the 50,000 barrels per day it produces.

Croatia Says At Least Seven Firms Want INA Buyback Role

Wed, 17 Jan 2018 00:00:00 GMT

Croatia receives 7 offers from potential advisers to help the government find the best way to buy back shares of energy firm INA.

US Warns Investors Over Venezuela's 'Petro' Cryptocurrency

Tue, 16 Jan 2018 00:00:00 GMT

"(It) is another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people," a Treasury spokesman told Reuters.

BP Expects to Take $1.7B Deepwater Horizon Charge

Tue, 16 Jan 2018 00:00:00 GMT

BP expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.

Norway's Aker BP Raises 2018 Dividend Forecast, More To Come

Mon, 15 Jan 2018 00:00:00 GMT

Aker BP will pay out $450 million in dividends for 2018, $100 million more than previously indicated.

Aker Completes Senior Unsecured Bond Issue

Fri, 12 Jan 2018 00:00:00 GMT

Oil and gas services company Aker Solutions successfully completes a $188 million (NOK 1.5 billion) senior unsecured bond issue.

Poland's Pgnig Plans To Spend Half Of 2017 Profit On Dividend-CEO

Thu, 11 Jan 2018 00:00:00 GMT

Poland's dominant gas firm PGNiG plans to spend half of 2017 profit on dividend, CEO Piotr Wozniak told Reuters on Thursday.

Troubled Noble Group Says Goodbye To Global Oil Trading

Wed, 10 Jan 2018 00:00:00 GMT

Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter say.

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan

Mon, 08 Jan 2018 00:00:00 GMT

For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Kuwait Energy In Merger Talks With London-Listed SOCO International

Mon, 08 Jan 2018 00:00:00 GMT

SOCO International evaluating a merger with Middle East oil and gas firm Kuwait Energy.

Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead Of Historic IPO

Fri, 05 Jan 2018 00:00:00 GMT

Saudi Arabia changes the status of its national oil giant Aramco to a joint-stock company as of Jan. 1.

Petrobras To Pay $2.95B To Settle US Class Action Over Corruption

Wed, 03 Jan 2018 00:00:00 GMT

Petrobras agrees to pay $2.95 billion to settle a US class action brought by investors.