Oil & Gas Sector News

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  • ** Operations at the 65,000 barrels per day CCR2 hydrocracker at Royal Dutch Shell's 404,000 bpd Pernis refinery will be reduced starting from 1500 GMT on Friday as part of industrial action, FNV union ...

  • ** Royal Dutch Shell said that workers' unions have indicated they intend to push ahead with plans to cut production at the 404,000 barrels per day Pernis oil refinery in the Netherland over a pay dispute. ...

  • Shell appoints Gasser Hanter to head Egypt business Reuters - UK Focus - 17 hours ago

    Royal Dutch Shell has appointed Gasser Hanter to head its Egypt business, the company said on Thursday. Hanter, who is Egyptian, was named as upstream vice-president and managing director in Egypt. He ...

  • Now could be time to cut your losses on these two oil stocks before the price of crude falls again, says Harvey Jones.

  • Ghana votes as President Mahama seeks a final term Reuters - UK Focus - Wed, Dec 7, 2016 21:10 GMT

    ACCRA, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Ghana voted on Wednesday in a presidential election that looks set to be a tight race, with the incumbent John Mahama seeking a second term in charge of an economy that has slowed since he took power. Lower global prices for Ghana's gold, oil and cocoa exports and …

  • North Sea Crude-Forties eases, Vitol offers cargoes via STS Reuters - UK Focus - Wed, Dec 7, 2016 18:04 GMT

    North Sea Forties differentials slipped on Wednesday, after a flurry of discounted offers met with no buyers and persistent signs that the market remains oversupplied. * Vitol once again offered cargoes ...

  • Shell refinery restarts Deer Park, Texas, reformer -sources Reuters - UK Focus - Wed, Dec 7, 2016 16:37 GMT

    Royal Dutch Plc's 285,500 barrel per day joint-venture Deer Park, Texas, refinery restarted a catalytic reformer after completing repairs on Tuesday, said sources familiar with plant operations said on ...

  • Iran to sign oil, gas deals with Shell AFP - Wed, Dec 7, 2016 14:24 GMT
    Iran to sign oil, gas deals with Shell

    Iran is set to sign a preliminary agreement with Shell to develop major oil and gas fields as it seeks to boost its output

  • Shell confirms it signed MoU with Iran's NIOC Reuters - UK Focus - Wed, Dec 7, 2016 13:20 GMT

    Royal Dutch Shell has signed a memorandum of understanding with National Iranian Oil Company "to further explore areas of potential cooperation," a Shell spokesman confirmed on Wednesday. "Details ...

  • Iran to sign oil, gas deals with Shell

    Iran is aiminig to return to its 2005 oil production levels of 3.975 million barrels oer day

  • Kazakhstan's Kashagan field to yield 8.9 mln tonnes in 2017 -minister Reuters - UK Focus - Wed, Dec 7, 2016 07:53 GMT

    ATYRAU, Kazakhstan, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Kazakhstan's giant offshore Kashagan field is expected to produce 8.9 million tonnes of oil in 2017 (about 192,000 barrels per day), Kazakh Energy Minister Kanat Bozumbayev told Reuters on Wednesday. Kashagan had produced more than 600,000 tonnes (4.7 …

  • Kazakhstan's Kashagan field to yield 8.9 mln T in 2017 -minister Reuters - UK Focus - Wed, Dec 7, 2016 06:48 GMT

    Kazakhstan's offshore Kashagan field is expected to produce 8.9 million tonnes of oil in 2017, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Wednesday. Kashagan had produced more than 600,000 ...

  • Kazakhstan's Kashagan field to yield 8.9 mln T in 2016 -minister Reuters - UK Focus - Wed, Dec 7, 2016 06:40 GMT

    Kazakhstan's offshore Kashagan field is expected to produce 8.9 million tonnes of oil in 2016, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Wednesday. Kashagan had produced more than 600,000 ...

  • North Sea Crude-Forties steady, demand picks up; Brent bid higher Reuters - UK Focus - Tue, Dec 6, 2016 18:22 GMT

    North Sea Forties differentials held roughly steady on Tuesday, helped by evidence of a modest pickup in demand within northwest Europe and beyond, traders said. * In the daily trading window, Forties ...

  • Europe Gasoline/Naphtha-Cracks ease, exports support Reuters - UK Focus - Tue, Dec 6, 2016 17:11 GMT

    Gasoline refining margins in northwest Europe fell on Tuesday, but losses were capped by overseas demand for cargoes from the U.S. East Coast and West Africa. * A strong rally in U.S. prices last week ...

  • Louis Dreyfus picks Shell veteran as new CFO Reuters - UK Focus - Tue, Dec 6, 2016 15:57 GMT

    PARIS, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Louis Dreyfus Company named Armand Lumens, a veteran of oil firm Royal Dutch Shell (LSE: 0LN9.L - news) , as its new finance chief on Tuesday, the latest in a series of leadership changes at the commodity trader under main shareholder Margarita Louis-Dreyfus. Lumens, …

  • Shell JV Deer Park refinery may restart reformer Tuesday -source Reuters - UK Focus - Tue, Dec 6, 2016 15:04 GMT

    Royal Dutch Shell Plc's 285,000 barrel per day joint-venture Deer Park, Texas, refinery may restart a reformer on Tuesday as repairs to a leak on the unit are nearing completion, a source familiar with ...

  • Venezuela says Shell to provide $400 mln financing for oil venture Reuters - UK Focus - Tue, Dec 6, 2016 14:35 GMT

    Royal Dutch Shell Plc will provide some $400 million in financing to boost oil output at Venezuela's Petroregional del Lago, a joint venture with state-run PDVSA, the South American country announced on ...

  • 2 dividend stocks to put on your shopping list Fool.co.uk - Tue, Dec 6, 2016 10:52 GMT

    These two income plays have bright futures.

  • Statoil to drill offshore Mexico in 2018 at earliest Reuters - UK Focus - Tue, Dec 6, 2016 07:50 GMT

    Statoil could drill its first well in the Salina Basin offshore Mexico in 2018 at the earliest, its exploration chief told Reuters on Tuesday. Statoil on Monday was awarded oil exploration acreage offshore ...

  • Statoil to drill for oil offshore Mexico in 2018 at earliest Reuters - UK Focus - Tue, Dec 6, 2016 07:40 GMT

    Statoil could drill its first well in the Salina Basin offshore Mexico in 2018 at the earliest, its exploration chief told Reuters on Tuesday. Statoil on Monday was awarded oil exploration acreage offshore ...

  • Former BG boss Finlayson lined up for Hayward's Genel role

    An executive who left BG Group (EUREX: 1007667.EX - news) months before a takeover approach from Royal Dutch Shell (LSE: 0LN9.L - news) is being lined up to take the helm of Genel Energy (Other OTC: GEGYF - news) ‎, the oil company founded by former BP boss Tony Hayward. Sky News has learnt that Chris Finlayson is …

  • Statoil, BP, Total team wins again in Mexico deep water auction Reuters - UK Focus - Mon, Dec 5, 2016 20:09 GMT

    Mexico awarded a consortium of Statoil, BP and Total the third block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 3 is a 1,269 square mile ...

  • Statoil, BP, Total win first block in Mexico Salina Basin auction Reuters - UK Focus - Mon, Dec 5, 2016 19:45 GMT

    Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile area ...

  • FMC Technologies Inc. (NYSE: FTI) and Technip S.A. (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) (Euronext: TEC) announced that the companies’ respective shareholders voted today to approve the proposed business combination of Technip and FMC Technologies. FMC Technologies held a special meeting of its shareholders. …

  • MOSCOW, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - Russian oil firm Rosneft opened the books for a 600 billion rouble ($9.4 billion) bond sale on Monday to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. Rosneft said in a separate statement that its board plans to …

  • MOSCOW, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said on Monday. Last month, Eni (LSE: 0N9S.L - news) agreed to sell a 10 percent stake in the Shorouk concession to BP. The …

  • 4 great reasons to sell Royal Dutch Shell plc Fool.co.uk - Mon, Dec 5, 2016 13:40 GMT

    Royston Wild explains why savvy investors need to consider selling Royal Dutch Shell plc (LON: RDSB).

  • Mexico deep water oil push taps data that solved dinosaur riddle Reuters - UK Focus - Mon, Dec 5, 2016 13:00 GMT

    "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan Carlos Zepeda, head of the national hydrocarbons commission (CNH), Mexico's oil regulator, said ahead of Monday's deep water auctions where the likes of Chevron (Euronext: CHTEX.NX - news) and BP are expected to participate. The …

  • BP's Mad Dog leads the oil pack's return to the Gulf of Mexico Reuters - UK Focus - Mon, Dec 5, 2016 12:00 GMT

    NEW YORK, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. The project, known as Mad Dog Phase 2, is the first …

  • One dead in ENI Congo oil platform fire Reuters - UK Focus - Sat, Dec 3, 2016 14:57 GMT

    One person was killed in a fire on an oil platform operated by ENI Congo off the coast of the Congo Republic city of Pointe-Noire, the government said. Companies operating in the country include France's Total (LSE: 524773.L - news) , Italy's ENI, London-listed Tullow and the U.S. firm Chevron (Euronext: CHTEX.NX - …

  • Europe Gasoline/Naphtha-Cracks fall as crude firms, exports support Reuters - UK Focus - Fri, Dec 2, 2016 17:18 GMT

    Gasoline refining margins in northwest Europe ended the week lower as crude futures reversed losses in the afternoon, but overseas demand capped losses. * Shipping reports showed several tanker bookings ...

  • Royal Dutch Shell Plc * Dutch FNV union says will reduce operations at Shell's 404,000 bpd Pernis oil refinery by 50 percent on Dec. 7 if pay demands are not met, spokesman Egbert Schellenberg says * Industrial ...

  • Energy firms swoop on startups in billion-dollar technology race Reuters - UK Focus - Fri, Dec 2, 2016 13:50 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Europe's biggest energy companies have ploughed more than 1 billion euros ($1.1 billion) into startups, according to Reuters calculations, with several deals announced in the past month as they accelerate a quest for new technologies to outpace rivals. Taking a leaf …

  • Questor: Buy Royal Mail (the market's got it wrong) Telegraph - Fri, Dec 2, 2016 08:09 GMT

    Questor: Buy Royal Mail (the market's got it wrong)

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