Analysts and investors who spoke with CNBC suggest investments in infrastructure firms, refiners and less conventional plays.» Read More
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.
SINGAPORE, Feb 19- U.S. crude rose above $103 a barrel on Wednesday, close to a four-month high, on forecasts of lower crude and oil products stockpiles due to new pipeline capacity and robust winter demand.
SINGAPORE, Feb 19- U.S. crude rose above $103 a barrel on Wednesday to a fresh four-month high, on forecasts of lower crude and oil products stockpiles due to new pipeline capacity and robust winter demand.
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*Organic capex to be cut to $26 bln in 2014 vs $28 bln in 2013. PARIS, Feb 12- French oil firm Total raised its dividend on Wednesday and confirmed it would cut capital spending even though output was stalling, falling into line with industry peers by reducing investment to try to boost shareholder returns.
The world's second-largest oil consumer aims to add nearly 600,000 barrels in daily refining capacity in 2014, and was slated to bring on more before PetroChina delayed two startups and an expansion as 2013 oil demand growth dropped to a 22- year low.
LONDON/ OSLO, Feb 7- Norway's Statoil abandoned its 2020 production target on Friday and slashed spending plans so it could pay more to shareholders, becoming the latest oil major to acknowledge the fading appeal of new energy projects.
Lee Raymond, former CEO of ExxonMobil, and George P. Mitchell, the man who pioneered fracking, should be on the CNBC 25.
LONDON, Feb 4- BP reported a sharp drop in fourth-quarter profits on Tuesday partly due to weakness in its refining business, providing more evidence of difficult times across the "big oil" sector.
Oil giant BP reported a drop in fourth-quarter profit due to lower profits in its refining and production business.
NEW YORK, Feb 3- Former Chesapeake Energy Corp CEO Aubrey McClendon's American Energy Partners said on Monday that it had struck three deals in Ohio's Utica shale region, doubling its holdings there. The company said it would buy about 130,000 acres in the southern part of the Utica shale from Hess Corp, Exxon Mobil Corp and privately held Paloma Partners.
CALGARY, Alberta, Jan 31- The U.S. State Department is poised to issue an environmental review of the proposed Keystone XL oil pipeline that likely will say the project will not appreciably increase carbon emissions, according to sources.
Jan 31- Chevron Corp plans to keep spending roughly $40 billion per year for the next several years on new oil and natural gas projects in a bid to lift production that is on track to be flat for the third straight year.