Oil & Gas Sector News

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  • Nigeria's Trans Niger Pipeline, which carries Bonny Light crude, has been shut as a precautionary measure after a fire was seen, a spokesman for the Shell Petroleum Development Company of Nigeria Ltd (SPDC) said on Monday. The SPDC spokesman said a fire was spotted on the "right of way" on the Trans Niger Pipeline (TNP) …

  • Gasoline refining margins in northwest Europe fell sharply on Monday to just over $9 a barrel as crude gained over 3 percent and demand in the ARA hub waned. * But shipping reports showed bookings of the motor fuel from northwest Europe to west Africa picked up last week. * Ratings agency Moody's said the outlook for …

  • Nigeria's Trans Niger Pipeline, which carries Bonny Light crude oil, has been shut down as a "precautionary measure" after a fire was observed, a spokesman for the Shell Petroleum Development Company of Nigeria Ltd (SPDC) said on Monday. The SPDC spokesman said that a fire was spotted on the "right of way" on the Trans …

  • Should Royal Dutch Shell and Imperial Brands be part of your portfolio?

  • Britain's top share index fell on Monday and headed for its worst one-day performance in three months, with Lloyds pushing banks lower after a downgrade by Goldman Sachs and miners tracking weaker metals ...

  • Desperate for dividends but has Britain Plc been wrung dry? Telegraph - Sun, Sep 25, 2016 06:45 BST

    Desperate for dividends but has Britain Plc been wrung dry?

  • Alaska Air says merger with Virgin America still on track Reuters - UK Focus - Fri, Sep 23, 2016 20:37 BST

    Alaska Air Group Inc agreed this week to give the U.S. Justice Department additional time to review its merger with Virgin America Inc (NasdaqGS: VA - news) , but the deal is still on track to close in the early part of the fourth quarter, an Alaska spokeswoman said Friday. Alaska Airlines reached an understanding with …

  • Tunisia reaches deal with Petrofac protesters, in company talks Reuters - UK Focus - Fri, Sep 23, 2016 17:54 BST

    Tunisia has reached a deal with protesters who have disrupted gas production by Petrofac (Amsterdam: PF6.AS - news) for months, the government said on Friday, part of an effort to stop the British energy firm closing its business. Petrofac, which supplies 13 percent of Tunisia's gas through the Chergui venture in the …

  • North Sea Crude-Ekofisk weakens, sets dated again Reuters - UK Focus - Fri, Sep 23, 2016 17:40 BST

    * Ekofisk differentials weakened on Friday as sellers trimmed asking prices, again making the grade the cheapest benchmark crude and the one which therefore sets dated Brent. * Forties was not bid or offered ...

  • Europe Gasoline/Naphtha-Cracks decline as exports slow Reuters - UK Focus - Fri, Sep 23, 2016 16:47 BST

    Gasoline refining margins declined on Friday for a second consecutive session to $9 a barrel on slower exports to North America following the restart of a major pipeline there. * Exports to the U.S. Atlantic ...

  • Tunisia reaches deal with Petrofac protesters, seeks company talks Reuters - UK Focus - Fri, Sep 23, 2016 16:25 BST

    Tunisia has reached a deal with protesters who have disrupted gas production by Petrofac (Amsterdam: PF6.AS - news) for months, the government said on Friday, part of an effort to stop the British energy firm closing its business. Petrofac, which supplies 13 percent of Tunisia's gas through the Chergui venture in the …

  • Why are these two shares so hot today? Fool.co.uk - Fri, Sep 23, 2016 11:13 BST

    A sharp rise in the price of these shares means it could be time to get on board.

  • Will bargain hunters ignore ignore oil prices and jump on Gulf Keystone Petroleum Limited (LON: GKP) and Tullow Oil plc (LON: TLW)?

  • Are these the best dividend stocks in the FTSE 100? Fool.co.uk - Fri, Sep 23, 2016 07:00 BST

    Edward Sheldon looks at two of the highest yielding dividend stocks in the FTSE 100 (INDEXFTSE: UKX). Are these yields sustainable?

  • Brazil total August fuel sales fall 1.8 pct led by ethanol -ANP Reuters - UK Focus - Thu, Sep 22, 2016 21:42 BST

    Brazilian sales of gasoline, diesel, ethanol and other fuels fell 1.8 percent in August to 74.37 million barrels compared with 75.77 million barrels in the same month a year earlier, Brazil's petroleum ...

  • Shell says Norco, Louisiana chemical plant upset triggers flaring Reuters - UK Focus - Thu, Sep 22, 2016 18:06 BST

    Royal Dutch Shell Plc (LSE: 0LN9.L - news) said flaring on Thursday at the Norco, Louisiana manufacturing complex shared with the Motiva Enterprises refinery was due to an upset in Shell (LSE: RDSB.L - news) 's chemical plant. "The issue is said to be resolved, but flaring for next hour or so," Shell spokesman Ray Fisher …

  • North Sea Crude-Ekofisk weakens on lower offers Reuters - UK Focus - Thu, Sep 22, 2016 17:57 BST

    * Ekofisk differentials weakened on Thursday due to lower offers, making the grade the cheapest benchmark grade and therefore sets dated Brent. * Forties has been supported by tighter supply as a result ...

  • Europe Gasoline/Naphtha-Gasoline cracks slide as U.S. pipeline restarts Reuters - UK Focus - Thu, Sep 22, 2016 16:53 BST

    Benchmark gasoline refining margins in northwest Europe slipped on Thursday as the key Colonial pipeline in the United States restarted, potentially lessening the need for European imports to the U.S. ...

  • Cargo giant Maersk to bulk up transport as steers away from energy Reuters - UK Focus - Thu, Sep 22, 2016 16:17 BST

    The world's biggest shipping firm, A.P. Moller-Maersk, set a new course on Thursday that will see the $30 billion firm bulk up its transport business while seeking alliances or a separate listing for its energy operations. Low freight rates and oversupply have rocked the container shipping sector, with South Korea's Hanjin …

  • Wood Group workers accept pay offer, preventing North Sea strikes Reuters - UK Focus - Thu, Sep 22, 2016 15:08 BST

    Wood Group workers employed on Shell's North Sea oil platforms have accepted a new pay deal, ending a months-long dispute that saw some workers down tools in July and August. Labour union Unite, whose ...

  • Gazprom discovers new gas deposit in Sea of Okhotsk Reuters - UK Focus - Thu, Sep 22, 2016 14:09 BST

    Gazprom said on Thursday it had discovered a new gas deposit during exploration at the Kirinskoye field in the Sea of Okhotsk near Russia's Sakhalin island. The field is crucial for Gazprom's plans to raise liquefied gas production at its Sakhalin-2 plant on the island. Shell (LSE: RDSB.L - news) , which also has a stake …

  • Nigeria's Forcados oil exports to restart, October list published Reuters - UK Focus - Thu, Sep 22, 2016 14:05 BST

    Exports of Nigeria's Forcados crude stream oil are set to resume at the end of September for the first time since February with a loading programme issued for October, trade sources said on Thursday. The ...

  • Nigeria's Forcados to resume exports end Sept, Oct programme issued Reuters - UK Focus - Thu, Sep 22, 2016 13:53 BST

    Exports of Nigeria's Forcados crude stream are set to resume at the end of September for the first time since February with a loading programme issued for October, trade sources said on Thursday. The first ...

  • Gulf Keystone Warns Of Investment Curbs Over Lack Of Oil Payment Reuters - UK Focus - Thu, Sep 22, 2016 11:20 BST
    An oil-rig is pictured amongst vessels moored along a row of shipyards northwest of Waterfront City on Batam island, in Indonesia's Riau Islands Province

    Gulf Keystone Petroleum, an oil company focused on Iraqi Kurdistan, warned on Thursday that a lack of export payments from the regional government was preventing it from investing there.

  • Do today’s results make this resources stock a buy? Fool.co.uk - Thu, Sep 22, 2016 11:09 BST

    Should you pile into this resources company right now?

  • Gabon oil workers to stay home until final election result -union Reuters - UK Focus - Thu, Sep 22, 2016 10:56 BST

    Gabon oil workers will stay at home from Thursday over concerns about potential violence when a court delivers a final verdict on the central African country's disputed election result, their union said. The statement, signed by the union's deputy secretary general, Sylvain Mayabi Binet, added that the minimum service …

  • Should you buy Micro Focus International plc (LON: MCRO) for its income potential?

  • European shares touch 2-week high as Fed keeps rates unchanged Reuters - UK Focus - Thu, Sep 22, 2016 09:09 BST

    European shares climbed to a two-week high on Thursday, boosted by a rally in mining equities, after the U.S. Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018. The Fed, however, signaled it could still tighten monetary policy by the end of this year as the …

  • Are these 6%+ yields too good to be true? Fool.co.uk - Thu, Sep 22, 2016 07:05 BST

    Will falling earnings lead to dividend cuts for these income favourites?

  • Ghana could be Africa's number four oil producer by 2020 -report Reuters - UK Focus - Wed, Sep 21, 2016 19:24 BST

    Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day , pan-African bank Ecobank ...

  • British oil and gas industry services company Petrofac (Amsterdam: PF6.AS - news) has told Tunisia it has started to shut down its local operations after months of protests disrupted its gas production, the government said on Wednesday. "Petrofac has officially informed us that they have started the process of closing …

  • British oil and gas industry services company Petrofac has told Tunisia's government it has started to shut down its local operations after months of protests disrupted gas output, a government official ...

  • North Sea Crude-Forties diffs ease, more STS sales go through Reuters - UK Focus - Tue, Sep 20, 2016 18:32 BST

    * North Sea Forties crude oil differentials eased a touch on Tuesday, after a trade went through at the lowest level since early September, while other grades held mostly steady. * Total sold Shell a cargo ...

  • Europe Gasoline/Naphtha-Cracks sink ahead of Colonial restart Reuters - UK Focus - Tue, Sep 20, 2016 16:55 BST

    * U.S. gasoline futures plummeted after Colonial Pipeline said the restart for Line 01 is now projected for Wednesday. * Large volumes continued to be exported to Canada, Latin America and West Africa in recent days though the flow to the U.S East Coast has so far remained relatively subdued, traders said. * Strong demand …

  • Nigeria's Forcados oil exports expected to resume end Sept/early Oct Reuters - UK Focus - Tue, Sep 20, 2016 16:41 BST

    Exports of Nigeria's Forcados crude oil grade are expected to resume at the end of September or early October, trading sources said, for the first time since February. SPDC, a local affiliate of Shell, ...

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