drilling

Shell to expand energy technology R&D

Energy group seeks to commercialise innovations by outside researchers over extraction of traditional hydrocarbons and to push renewable energy forms

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Hess to sell Russian subsidiary to Lukoil

The sale was one of the moves proposed in a restructuring plan, which is expected generate proceeds to pay down debt and strengthen the balance sheet

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Valiant up nearly a third after Ithaca deal

North Sea oil group finally concludes sale but the £203m cash-and-shares deal still left investors who held the stock since the sale announcement nursing a small loss

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