Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas venture in Papua New Guinea, halted its shares before a statement about a material acquisition, possibly a stake in a new project.
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”
Canadian stocks fell for the first time in eight days, snapping the longest winning streak in three years, as companies from Teck Resources Ltd. to Bombardier Inc. reported earnings short of analysts’ projections.
Barrick Gold Corp. and Goldcorp Inc. reduced their fourth-quarter operating costs from a year earlier as the largest producers of the metal by market value adapt to the biggest fall in gold prices in three decades.
Total SA began life as Cie Francaise des Petroles, or CFP, almost a century ago. Thirty years since changing its name, the French oil giant is fighting to prevent its “Can’t Find Petroleum” moniker from coming back.
Harmony Gold Mining Co., South Africa’s third-largest producer of the metal, will swing back to profit in the next six months if the gold price stays at current levels, Chief Executive Officer Graham Briggs said.
Pacific Rubiales Energy Corp., Latin America’s largest non-state-owned oil producer, said it expects to generate as much as $1.4 billion from the sale of infrastructure assets to reduce debt and buy back shares.