Advertisement
UK markets close in 4 hours 18 minutes

  • FTSE 100

    7,849.31
    -116.22 (-1.46%)
     

  • FTSE 250

    19,412.18
    -286.71 (-1.46%)
     

  • AIM

    741.47
    -8.81 (-1.17%)
     

  • GBP/EUR

    1.1710
    -0.0001 (-0.01%)
     

  • GBP/USD

    1.2449
    +0.0003 (+0.02%)
     

  • Bitcoin GBP

    50,406.41
    -2,915.92 (-5.47%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     

  • DOW

    37,735.11
    -248.13 (-0.65%)
     

  • CRUDE OIL

    85.03
    -0.38 (-0.44%)
     

  • GOLD FUTURES

    2,387.80
    +4.80 (+0.20%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     

  • DAX

    17,774.41
    -252.17 (-1.40%)
     

  • CAC 40

    7,943.00
    -102.11 (-1.27%)
     
Money:

How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Royal Dutch Shell to resume deep-water exploration off Egypt

Reuters
Staff members work at the booth of Royal Dutch Shell at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai (Reuters)

ALEXANDRIA, Egypt (Reuters) - Royal Dutch Shell <RDSa.L> said it will resume deep-water exploration for oil and gas off Egypt's Mediterranean coast, Executive Vice President Sami Iskander told a news conference on Tuesday.

Egypt is looking to production from recently discovered fields to halt energy imports by 2019.

A petroleum ministry official said last month that new production at Shell's West Nile Delta field 9B is expected to reach 350-400 million cubic feet per day by 2019.

Separately, production from the first 3 wells in the field is set to begin in the 2018-2019 fiscal year.

The field is owned by Egypt's General Petroleum Corporation (EGPC), Malaysia's Petronas and Shell.

(Reporting by Ahmed Ismail, writing by Amina Ismail; editing by Jason Neely)