Energy experts at IHS Ceraweek say market dynamics will keep the lid on prices of U.S. natural gas even if more expensive techniques are used to extract it.» Read More
LONDON, March 6- As bankers, traders and investors gathered at Gazprom's London offices for its annual champagne reception, the message from the world's most powerful gas trader was clear: the Russians don't want another gas war with Ukraine.
NEW YORK, March 5- The S&P 500 finished almost flat, just below its all-time high on Wednesday as investors shrugged off soft data on jobs and the services sector while keeping an eye on developments in Ukraine. A report from the Institute for Supply Management showed the services sector continued to grow last month, albeit at a slower pace.
NEW YORK, March 5- Exxon Mobil Corp, the world's largest publicly traded oil company, expects oil and natural gas production to be flat this year as overall spending falls 6 percent to about $39.8 billion. Shares of Exxon fell more than 2 percent to $94.52 in morning trading on the New York Stock Exchange.
LONDON, March 5- Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
NEW YORK, March 5- Exxon Mobil Corp, the world's largest publicly traded oil company, expects to spend less this year while oil and natural gas production is forecast to be flat. Exxon sees spending of $39.8 billion in 2014, down from a peak of $42.5 billion last year.
WASHINGTON, March 3- Washington is weighing an array of economic weapons to penalise Russia for its armed intervention in Ukraine, from asset freezes to expelling Moscow from the G8 group of states, but may find Europe more reluctant to resort quickly to sanctions.
WASHINGTON, March 3- The United States has a number of economic weapons to punish Russia for its military intervention in Ukraine, ranging from asset freezes to kicking Moscow out of the exclusive G8 group of countries, and President Barack Obama is focusing first on measures that would not require congressional action.
*Cbank's interventions to prop up rouble seen at $10 billion. *Slide follows Putin's declaration of right to invade Ukraine.
SINGAPORE, March 3- It's relatively easy to see Royal Dutch Shell's motivation in selling its Australian refinery and retail network, but somewhat more difficult to work out Vitol SA's reasons for buying.
NEW YORK, Feb 28- U.S. oil on Friday had its eighth straight week of gains on market talk of fewer oil rail shipments from the booming Bakken shale in North Dakota. Brent oil settled moderately higher but ended the week lower, weighed down by an outlook for dampening demand in China and another for stymied European growth due to uprisings in Ukraine.
As the energy industry gathers for CERAWeek in Houston, the issue of exporting the nation's burgeoning supply of oil will top the global agenda.
BUENOS AIRES, Feb 26- Two years after seizing the country's biggest energy company from Spain's Repsol, Argentina hopes a new compensation deal will lure more foreign investment to what many believe to be some of the world's most promising shale oil and gas prospects.
SINGAPORE/ MELBOURNE, Feb 26- Australia is turning into a playground for global oil traders, who are snapping up storage tanks and terminals as they bet on it to become Asia's top importer of oil products as demand rises and old, inefficient refineries close.
*BP expects slight decline in oil output at ACG in 2014. BAKU, Feb 26- A consortium led by British oil major BP plans to invest about $2 billion in its Azeri-Chirag-Guneshli project in Azerbaijan this year where it expects a slight fall in output due to planned maintenance, the company's regional head said.
Eni CEO had threatened to leave Iraq if contracts not signed. *Excessive red tape frustrating investors in Iraq.
*$1 in every $7 coming from emerging markets. LONDON, Feb 24- Shareholders received more than $1 trillion in global dividends for the first time in 2013, buoyed by growth in payouts from emerging market firms, a study showed.
Feb 21- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday its crude oil and natural gas reserves rose slightly in 2013, lifted by projects in U.S. shale fields and Abu Dhabi.
LONDON, Feb 21- U.S. liquefied natural gas by the end of the decade is likely to challenge Russian gas for market share in Europe as the region becomes increasingly dependent on imports, ConocoPhillips' head of LNG trading said.
SYDNEY/ NEW YORK, Feb 21- Vitol SA is buying Royal Dutch Shell's Australian downstream businesses for about A $2.9 billion in its biggest acquisition, as the oil trader looks to grab a share of the country's lucrative oil product market.
SYDNEY, Feb 21- Anglo Dutch oil company Royal Dutch Shell said on Friday it has agreed to sell its Australian downstream businesses to oil trader Vitol SA for about A $2.9 billion.