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  • Oct 30- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook, sending shares down 1.4 percent. Over the last several years, Conoco has shed lower-margin assets, directing more capital to projects like shale...

  • Oct 30- ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Profit rose to $2.7 billion, or $2.17 per share, from $2.5 billion, or $2.00 per share, in the 2013 third quarter. Surmont is an oil sands project in Canada and APLNG is a liquefied natural gas project in...

  • Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production. Land drillers Nabor Industries Ltd and Patterson-UTI Energy Inc reported a jump in revenue last week, helped by increased drilling activity.

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • *Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 41 percent in their market debut, in what was the largest initial public offering by an MLP in a decade. Royal Dutch Shell became first of the industry majors to take an MLP public as a way to monetize assets while lowering the cost of capital.

  • Oct 28- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19- $21 per unit. Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana. This includes a 43 percent stake in a crude...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • Oct 27- U.S. oil prices rebounded after tumbling to a 28- month low below $80 per barrel on Monday as short-covering helped offset earlier losses triggered by Goldman Sachs slashing its price forecasts. Citing rising production and insufficient demand, Goldman Sachs cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced...

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT /9.30 AM ET Monday, 27 Oct 2014 | 10:08 AM ET

    MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • Diamond Offshore profit drops 44 pct due to charges Thursday, 23 Oct 2014 | 6:12 AM ET

    Oct 23- Diamond Offshore Drilling Inc reported a lower third-quarter profit, hurt by a non-cash impairment charge of $109 million before tax as a result of retiring and scrapping six semisubmersible rigs. Net income fell to $52.6 million, or 38 cents per share, in the quarter ended Sept. 30, from $94.7 million, or 68 cents per share, a year earlier.

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • Oct 20- Shell Midstream Partners LP, a division of Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit.

  • Oct 17- Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business. The company anticipates an auction in February, and sources told Reuters potential bidders include NextEra Energy Inc of Juno Beach,...

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • Schlumberger profit rises on improving oilfield demand Thursday, 16 Oct 2014 | 4:15 PM ET

    Oct 16- Schlumberger Ltd, the world's largest oilfield services company, reported a 13 percent rise in third-quarter profit, helped by strong drilling activity in North America and robust growth in its international business. Net income attributable to the Houston, Texas- based company rose to $1.95 billion, or $1.49 per share, in the third quarter ended Sept. 30,...

  • Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...