Oil & Gas Sector News

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  • French energy giants fuel UK double Telegraph - 8 hours ago

    EDF is already the biggest electricity producer in Britain and next year Total will become the leading oil and gas producer in the UK sector of the North Sea

  • Russia stares at recession as Ukraine crisis scars economy

    Russian Prime Minister Dmitry Medvedev (L) speaks at a meeting of the expanded board of the Ministry of Finance in Moscow on April 15, 2014

  • Shell chief committed to Russia despite Ukraine Telegraph - Fri, Apr 18, 2014 17:30 BST

    In a meeting with President Vladimir Putin, Ben van Beurden said he is committed to the company’s energy investments in Russia

  • Shell head tells Putin wants to expand Russia operations

    Vladimir Putin (left) welcomes Royal Dutch Shell CEO Ben van Beurden to the president's Novo-Ogaryovo residence outside Moscow, on April 18, 2014

  • Shell commited to Russia expansion despite sanctions Reuters - UK Focus - Fri, Apr 18, 2014 14:25 BST

    Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation ...

  • Putin pledges support for Shell Russia expansion Reuters - UK Focus - Fri, Apr 18, 2014 12:04 BST

    President Vladimir Putin on Friday pledged to support Royal Dutch Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden. Van Beurden said during the meeting at ...

  • Oil, gas firms committed to Russia despite sanctions -minister Reuters - UK Focus - Fri, Apr 18, 2014 10:47 BST

    * Energy minister says South Stream gas project is under way * Says international oil and gas majors stick to business in Russia (Releads, adds detail, quotes) MOSCOW, April 18 (Reuters) - Russian and international oil and gas majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream …

  • Schlumberger & Baker Hughes results point to improving North America Reuters - UK Focus - Thu, Apr 17, 2014 20:43 BST

    * Both upbeat on Gulf of Mexico deepwater drilling (Recasts to adds details on outlook risks, new share prices) April 17 (Reuters) - Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, …

  • The share price of Barclays rose strongly on Thursday amid speculation the bank could announce thousands of further job cuts in its investment banking division as part of a corporate shake-up.

  • Kazakhstan disappointed over Kashagan setback, but signals breather Reuters - UK Focus - Thu, Apr 17, 2014 15:13 BST

    * Kazakh minister says disappointed by Kashagan setback ASTANA, April 17 (Reuters) - Kazakhstan's oil and gas minister said on Thursday he was disappointed over the slow development of the giant Kashagan oilfield, but he saw no legal reasons to put pressure on the consortium which oversees the offshore project. The Central …

  • Kazakhstan says "disappointed" over Kashagan setback Reuters - UK Focus - Thu, Apr 17, 2014 14:17 BST

    Kazakhstan's oil and gas minister said on Thursday he was "disappointed" over the slow development of the giant Kashagan oil field, but that he saw no legal reasons to pressure the consortium ...

  • Royal Dutch Shell Plc Set For 31% Growth! Fool.co.uk - Thu, Apr 17, 2014 13:36 BST

    Forecasts say Royal Dutch Shell Plc (LON: RDSB) earnings should soar.

  • Shell reports fire at Pernis refinery, now extinguished Reuters - UK Focus - Thu, Apr 17, 2014 12:02 BST

    Shell on Thursday reported a fire at its 404,000 barrel-per-day Pernis refinery in the Netherlands that was extinguished quickly by staff. A spokesman for the Rotterdam refinery said the incident was "minor" ...

  • Total strikes oil for second time offshore Ivory Coast Reuters - UK Focus - Thu, Apr 17, 2014 11:07 BST

    * Ivory Coast seeks to boost energy sector (Adds background, shares) PARIS/ABIDJAN, April 17 (Reuters) - France's Total (Brussels: FP.BR - news) said on Thursday it had discovered oil in a deep offshore area in the west of Ivory Coast, the company's second oil find in a year in the West African country. "This well is …

  • Ukraine crisis in focus as leaders meet in Geneva; US data, corporate earnings closely watched; Diageo drops as weak Q3 dampens growth.

  • Asia Gasoline/Naphtha-Gasoline crack recovers; Essar cuts supplies Reuters - UK Focus - Thu, Apr 17, 2014 09:33 BST

    The Asian gasoline crack recovered from a week's low on Thursday to reach a two-session high of $10.50 a barrel, or 13.27 percent higher than a month ago, as an outage in India impacted supplies. Essar ...

  • Shell announces discovery offshore Malaysia Sharecast - Thu, Apr 17, 2014 09:08 BST

    Royal Dutch Shell has made an exploration discovery offshore Malaysia, the oil and gas giant announced on Thursday.

  • Shell finds gas in new area offshore Malaysia Reuters - UK Focus - Thu, Apr 17, 2014 07:24 BST

    Anglo-Dutch oil and gas major Shell announced on Thursday it had found gas in a new drilling area off Malaysia. It found more than 450 metres of gas column at its Rosmari-1 well and plans further exploration, ...

  • Indian stocks to watch-April 17 Reuters - UK Focus - Thu, Apr 17, 2014 03:37 BST

    * Nifty futures traded on the Singapore Exchange are up 0.25 percent, while the MSCI-Asia Pacific excluding Japan index is up 0.27 percent. * Asian share markets eked out gains on Thursday as dovish comments ...

  • Ukraine turmoil continues as clashes turn deadly; Investors cautious ahead of four-day weekend; US corporate earnings in focus; Diageo, Remy Cointreau dampen sentiment in beverage sector.

  • Shell Martinez, Calif. Refinery reports normal maintenance Reuters - UK Focus - Wed, Apr 16, 2014 19:02 BST

    Royal Dutch Shell Plc reported "normal maintenance" at its 156,400 barrel per day refinery in Martinez, California, on Wednesday, according to a notice with the Contra Costa Health Services.

  • Netherlands-Germany crude oil pipeline shut down after spill Reuters - UK Focus - Wed, Apr 16, 2014 14:42 BST

    A 320,000 barrel-per-day crude oil pipeline between Rotterdam and the BP (LSE: BP.L - news) and Shell (LSE: RDSB.L - news) refineries in the Ruhr area in Germany was shut down on Wednesday after a minor spill, its operator said. The spill on the Rotterdam-Rijn Pijpleiding (RRP) pipeline occurred during work on a section …

  • Angolan $3.5 bn oil contract goes to Technip, Heerema

    Total's Girassol oil platform on block 17 off Angola on October 16, 2003

  • Despite the market's recent rally, both Petrofac Limited (LON: PFC) and BHP Billiton plc (LON: BLT) still look attractive.

  • Wednesday broker round-up Sharecast - Wed, Apr 16, 2014 10:16 BST

    Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation.

  • London open: Stocks bounce off three-week low as Tesco gains Sharecast - Wed, Apr 16, 2014 10:15 BST

    Tesco, Hargreaves, Burberry and Persimmon rise after updates; Momentum shares bounce back after recent falls; Chinese data mixed, growth slows; Global economic data in focus today.

  • Sports Direct gains as momentum stocks recovery; Tesco, Burberry and Persimmon impress with results; UK unemployment declines, China data mixed; Ukraine crisis escalates

  • Shell reports planned maintenance at Texas refinery -community line Reuters - UK Focus - Wed, Apr 16, 2014 00:43 BST

    Shell Oil Co reported planned maintenance was underway at its plant in Deer Park, Texas, according to a message posted on a community information line. The maintenance activity might cause flaring, it ...

  • London close: FTSE down as Russian units spotted in Ukraine Sharecast - Tue, Apr 15, 2014 18:11 BST

    FTSE closes down 42.15 points at 6,541.61; Ukraine says Russian forces have entered the country; UK inflation falls to 1.6 per cent in March; German investor confidence falls for 4th month

  • Petrofac wins German North Sea wind contract Sharecast - Tue, Apr 15, 2014 12:32 BST

    Oil and gas services provider Petrofac has won a major contract for offshore wind farm grid connection in the German North Sea.

  • BUZZ-Aker Solutions: A Total rescue Reuters - UK Focus - Tue, Apr 15, 2014 10:34 BST

    Aker Solutions, +6%, & the busiest stock , among European small caps. ** Wins $2.4 billion contract from Total SA to provide equipment at its Kaombo oil project in Angola. ** Contract win helps stock recover ...

  • Siemens, Petrofac win contract to connect wind farms to grid Reuters - UK Focus - Tue, Apr 15, 2014 10:03 BST

    A consortium of Siemens and Petrofac won a contract from TenneT to set up a grid connection for several North Sea wind farms, Siemens said on Tuesday. Siemens will supply direct-current transmission technology ...

  • Eni's new head caught between Russia and the new frontiers Reuters - UK Focus - Tue, Apr 15, 2014 07:00 BST

    Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni (Frankfurt: 897791 - news) - guaranteeing Italy's gas supply by nurturing relations with Russia, while exploring new drilling frontiers in Africa and Asia to boost profit. The Italian government's choice of Descalzi, a longtime …

  • Brazil president pledges thorough Petrobras probe AFP - Mon, Apr 14, 2014 23:33 BST
    Brazil president pledges thorough Petrobras probe

    Brazil's President Dilma Rousseff shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras' shipyard in Rio de Janeiro, Brazil on September 11, 2013

  • China Inc joins the big league in oil and gas services Reuters - UK Focus - Mon, Apr 14, 2014 22:00 BST

    Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals. State-run and privately ...

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