Oil & Gas Sector News

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  • Royal Dutch Shell Plc's 285,500 barrel per day joint-venture Deer Park, Texas, refinery was restarting a hydrocracker on Tuesday after completing planned work, said sources familiar with plant operations. ...

  • Royal Dutch Shell Plc's 285,500 barrel per day joint-venture Deer Park, Texas, refinery was restarting a hydrocracker on Tuesday after completing planned work, said sources familiar with plant operations. ...

  • The differential for Brent Blend edged lower on Tuesday, hitting its lowest since early October 2015 on plentiful supplies. * Differentials for key BFOE grades crashed last week and have since stabilised ...

  • Investor Royal London Asset Management said on Tuesday it would oppose the election of Tullow Oil (LSE: TLW.L - news) founder and Chief Executive Aidan Heavey as chairman at the firm's annual general meeting on Wednesday. RLAM Corporate Governance Manager Ashley Hamilton Claxton said the move was "a clear violation of …

  • Western partners of gas giant Gazprom agreed on Monday to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe. The commercial endorsement of the project by Western firms offers Russian state-owned Gazprom, which …

  • North Sea Crude-Diffs hold steady at multi-month lows Reuters - UK Focus - Mon, Apr 24, 2017 17:55 BST

    North Sea crude differentials held steady on Monday, around their lowest for several months, as evidence of excess supply continued to dog the market. The contango in the swaps curve is close to its steepest ...

  • OMV to secure long-term financing for 30 pct of its Nordstream 2 share Reuters - UK Focus - Mon, Apr 24, 2017 15:23 BST

    Austrian oil and gas group OMV said on Monday it would provide long-term financing to secure 30 percent of its share of project costs of the Nord Stream 2 pipeline from Russia. Under the agreement between ...

  • Gazprom's western partners agree Nord Stream 2 gas pipeline financing Reuters - UK Focus - Mon, Apr 24, 2017 14:32 BST

    Western partners of Russian gas giant Gazprom agreed on Monday on financing the 9.5-billion euro Nord Stream 2 pipeline, removing a key hurdle for the Russian plan to pump more gas to Europe. At a signing ...

  • Genel's chairman and co-founder Hayward to step down in June Reuters - UK Focus - Mon, Apr 24, 2017 13:17 BST

    Genel Energy (Other OTC: GEGYF - news) 's chairman and co-founder Tony Hayward is to leave in June and will be replaced by another industry veteran, Stephen Whyte, as the Kurdistan-focused oil company seeks to restore its fortunes after bruising reserve downgrades. Hayward, the 59 year-old former chief executive of BP …

  • South Sudan says talks over blocks B1 and B2 end, seeks new partners Reuters - UK Focus - Mon, Apr 24, 2017 11:10 BST

    South Sudan said that Blocks B1 and B2 were open for direct negotiation after talks with Total, Tullow Oil and the Kuwait Foreign Petroleum Exploration Company broke down over "irreconcilable differences". ...

  • South Sudan says talks over blocks B1 and B2 end, seeks new partners Reuters - UK Focus - Mon, Apr 24, 2017 10:53 BST

    South Sudan said that Blocks B1 and B2 were open for direct negotiation after talks with Total, Tullow Oil and the Kuwait Foreign Petroleum Exploration Company broke down over "irreconcilable differences". ...

  • BUZZ-Top of the Street: European banks, Neste, Endesa, E.ON Reuters - UK Focus - Mon, Apr 24, 2017 10:29 BST

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** European Banks: Kepler Cheuvreux upgrades the sector to "overweight" citing better economic activity ...

  • Nigeria cracks down on illicit oil refineries AFP - Sun, Apr 23, 2017 05:09 BST
    Nigeria cracks down on illicit oil refineries

    Nigerian Navy forces on the lookout for illegal oil refineries in the Niger Delta region spot the tell-tale signs of billowing black smoke

  • North Sea Crude-Still under pressure, supplies weigh Reuters - UK Focus - Fri, Apr 21, 2017 17:59 BST

    North Sea Forties and Brent crude differentials remained under downward pressure on Friday, reflecting plentiful supplies on offer in the region. WINDOW SUMMARY * Forties: Shell offered a May 3-5 cargo ...

  • Royston Wild explains looks at a stock whose income prospects, like those of Royal Dutch Shell plc (LON: RDSB), appear far from sunny.

  • Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets Summary: **French banks among top CAC 40 gainers, presidential election first round imminent **Steel miners rally ...

  • BP mulls sale of stakes in Canadian oil sands assets -sources Reuters - UK Focus - Thu, Apr 20, 2017 19:43 BST

    TORONTO/CALGARY, April 20 (Reuters) - BP Plc is considering the sale of its stakes in three Canadian oil sands (Other OTC: COSWF - news) projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise …

  • BP mulls sale of stakes in Canadian oil sands assets -sources Reuters - UK Focus - Thu, Apr 20, 2017 19:00 BST

    TORONTO/CALGARY, April 20 (Reuters) - BP Plc is considering the sale of its stakes in three Canadian oil sands (Other OTC: COSWF - news) projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise …

  • Man Group, Pandora strength boosts European stocks, French equities rally Reuters - UK Focus - Thu, Apr 20, 2017 18:05 BST

    European shares edged higher on Thursday as investors welcomed results from Man Group and Pandora maintained its outlook, while French equities outperformed ahead of the first round of France's presidential ...

  • North Sea Crude-Brent changes hands at lowest since mid-2015 Reuters - UK Focus - Thu, Apr 20, 2017 17:48 BST

    North Sea crude differentials fell on Thursday, with Brent particularly under pressure from a raft of barrels on offer at the lowest levels in nearly two years. Brent changed hands at its weakest since mid-2015, after Total (LSE: 524773.L - news) sold Glencore (Frankfurt: 8GC.F - news) a cargo for loading in early May …

  • Court orders Shell-Exxon criminal probe over Dutch gas quakes Reuters - UK Focus - Thu, Apr 20, 2017 11:50 BST

    A Dutch court ordered prosecutors to open an investigation on Thursday into whether a Shell (LSE: RDSB.L - news) -Exxon joint venture bears any criminal responsibility for earthquakes triggered by production at the country's largest gas field. No physical injuries have been caused by numerous small quakes, which have …

  • Unilever, Man Group strength boosts European stocks Reuters - UK Focus - Thu, Apr 20, 2017 10:33 BST

    European shares edged higher on Thursday as strong results from Unilever lifted bluechip consumers staples stocks and helped offset weakness in the energy sector. The pan-European STOXX 600 index was up ...

  • North Sea Crude-Forties sags despite robust flows to Asia Reuters - UK Focus - Wed, Apr 19, 2017 17:50 BST

    North Sea crude differentials eased again on Wednesday, after Brent fell to its lowest level this year and Forties fell to a one-month low the previous day, against a backdrop of a spate of refinery closures for maintenance. According to Reuters flows data, at least four VLCCs, each carrying around 2 million barrels of …

  • Britain's FTSE gives up 2017 gains as sterling weighs, Burberry drops Reuters - UK Focus - Wed, Apr 19, 2017 17:09 BST

    Britain's top share index came under pressure once again on Wednesday, giving up the gains it had made in 2017 as sterling held close to a six-and-a-half-month high after Prime Minister Theresa May called for a snap general election. The blue-chip FTSE 100 index was down 0.5 percent at 7,114.36 points by the close, bucking …

  • 2 FTSE 350 growth stocks with unbeatable momentum Fool.co.uk - Wed, Apr 19, 2017 15:51 BST

    These two FTSE 350 (INDEXFTSE:NMX) stocks could continue to rise after a strong start to the year.

  • Is it finally time to buy these beaten-down FTSE 250 stocks? Fool.co.uk - Wed, Apr 19, 2017 15:43 BST

    Royston Wild analyses the investment outlook of two battered FTSE 250 (INDEXFTSE:MCX) stocks.

  • Ex-divs to take 3.1 points off FTSE 100 on Apr.20 Reuters - UK Focus - Wed, Apr 19, 2017 11:31 BST

    The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • Britain's FTSE gives up 2017 gains as sterling weighs, Burberry drops Reuters - UK Focus - Wed, Apr 19, 2017 10:40 BST

    Britain's top share index came under pressure once again on Wednesday, giving up the gains it had made in 2017 as sterling held close to a six-and-a-half-month high after Prime Minister Theresa May called for a snap general election. The blue chip FTSE 100 index was down 0.1 percent at 7,143.37 points by 0927 GMT, bucking …

  • Shell opens treatment plant in Argentina shale play Reuters - UK Focus - Tue, Apr 18, 2017 23:30 BST

    Royal Dutch Shell PLC inaugurated on Tuesday a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest. The plant, announced in 2014, has a capacity to process ...

  • Motiva's Norco, Louisiana refinery repairing shut hydrocracker: sources Reuters - UK Focus - Tue, Apr 18, 2017 18:51 BST

    Motiva Enterprises was continuing repairs on Tuesday to the shut hydrocracker at its 237,700-barrel-per-day refinery in Norco, Louisiana, sources familiar with plant operations said. The 40,000 bpd hydrocracker ...

  • North Sea Crude-Brent, Forties offered sharply lower Reuters - UK Focus - Tue, Apr 18, 2017 17:50 BST

    Differentials for Brent and Forties slumped on Tuesday as sellers offered cargoes well below bids from Unipec on Thursday before the UK Easter holiday that failed to elicit selling interest. WINDOW SUMMARY ...

  • European shares hit 3-week lows amid jitters over British, French votes Reuters - UK Focus - Tue, Apr 18, 2017 17:26 BST

    European shares hit three-week lows on Tuesday in volatile trade after Britain's prime minister called for an early election and the first round of France's presidential election loomed. The pan-European ...

  • Motiva Norco refinery repairing shut hydrocracker -sources Reuters - UK Focus - Tue, Apr 18, 2017 16:28 BST

    Motiva Enterprises was continuing repairs on Tuesday to the shut hydrocracker at its 237,700 barrel per day Norco, Louisiana, refinery, sources familiar with plant operations said. The 40,000 bpd hydrocracker ...

  • Eni shuts down oil centre at major Italy field after local order Reuters - UK Focus - Tue, Apr 18, 2017 15:51 BST

    Italian oil major Eni (Euronext: ENI.NX - news) said on Tuesday it had decided to temporarily shut down a treatment plant serving its biggest domestic oil field in southern Italy to meet a local order. Closure of the oil centre in the Val d'Agri field follows a request by the regional government of Basilicata to halt …

  • Is Royal Dutch Shell plc (LON: RDSB) set to underperform this smaller, clean-energy peer?

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