British IslandsUnited Kingdom. The managing director of British Gas was awarded a 15 per cent rise in total pay last year to £1.249 million, according to figures published in the company’s annual report.
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Shell said to plan oil output growth out to 2020
United Kingdom. Royal Dutch Shell Plc, vying with BP Plc to be Europe’s largest oil and gas company, will outline a plan tomorrow to increase output every year until 2020, a person familiar with the company’s strategy said.
BP to pay 7 billion dollar for Devon Energy assets
United Kingdom. British oil giant BP said Thursday it would pay US firm Devon Energy 7.0 billion dollars (5.1 billion euros) for assets in Brazil, Azerbaijan and the Gulf of Mexico.
Petrofac, Lundin to combine North Sea oil, gas assets
United Kingdom - Oil and gas facilities service provider Petrofac PLC Thursday said it plans to demerge its North Sea oil and gas fields and combine them with the U.K. assets of Swedish independent oil and gas exploration company Lundin Petroleum AB to form a new independent oil and gas company, EnQuest PLC.
Tullow shares rise on BP bid rumours
United Kingdom - Shares in London-based explorer Tullow Oil jumped 3 percent on rumours that oil major BP Plc was planning a 15 pounds/share bid, though BP's Chief Executive played down talk of acquisitions.
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