UK, France to ban gasoline, diesel vehicles

The UK government has joined France in calling for an end to sales of cars and vans fueled by gasoline or diesel by 2040. Source: News


Shell’s second-quarter earnings spike 245%

Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies basis, excluding identified items, of $3.6 billion, up from $1.05 billion in second-quarter 2016. Source: News


Beach plans expanded Cooper basin program for 2017-18

Beach Energy Ltd., Adelaide, has outlined an expanded exploration and production program in its Cooper basin acreage for the 2017-18 financial year in which it expects to spend $220-260 million (Aus.). The company previously had forecast a figure of $155 million (Aus.). Source: News


MARKET WATCH: Oil prices climb on steeply lower US crude inventories

The light, sweet crude oil price for October delivery approached $49/bbl on the New York market July 27 while the Brent crude oil price for October settled at $51.10/bbl. Analysts attributed the price hike to steeply lower US oil inventories. Source: News


PwC: US oil, gas M&A activity remained elevated in second quarter

Second-quarter value for US oil and gas mergers and acquisitions was about half of the record-setting first-quarter value, according to PwC LLP’s latest energy deals report. But the $37.01 billion from 50 announced deals was the third-highest second-quarter value of the past 8 years. Source: News


US House approves fresh sanctions against Russia

The US House of Representatives passed a bill that would impose fresh sanctions on Russia, as well as North Korea and Iran, by a 419-3 vote. Source: News