Heavy storms that have flooded around 6,000 U.K. homes could knock more than 1 percent off economic growth, a U.K. economist told CNBC on Monday.» Read More
*Shares in Britain's Ophir soar 16 pct. LONDON, Nov 14- Britain's Ophir Energy agreed a $1.3 billion sale of a stake in Tanzanian gas fields, bringing in a unit of Singapore's Temasek Holdings to help fund a development project in the latest Asian investment in East Africa's gas sector.
*Dropping Queensland export project could save $5 billion- analysts. LONDON, Nov 12- The Arrow gas export project in Australia is a likely casualty of a tighter spending regime at Royal Dutch/Shell as the company's new boss considers feeding output earmarked for it into a rival plant instead.
*China, Japan set cutoff prices for LNG imports, activism grows. LONDON, Nov 8- Qatar is sweetening its gas sales pitch to lock-in long-term Asian buyers before a wave of new suppliers from the United States, Australia, and east Africa snatch market share and deflate prices.
*Equatorial Guinea pushing new gas supply deals across Africa. *BG currently selling Equatorial Guinea's LNG in Asia. ABIDJAN, Nov 7- Equatorial Guinea may seek to revise some aspects of a controversial deal with BG Group as it moves to export more gas to Africa, its oil minister said.
LONDON, Nov 5- G4S plans to shake up the weakest parts of its business and lay off up to 400 UK staff as the new boss of the world's largest security firm by revenue battles to restore its reputation tarnished by a series of high-profile blunders.
NAIROBI, Oct 28- Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa.
PERTH/ MUMBAI, Oct 21- BHP Billiton is walking away from almost all of its oil and gas interests in India, citing an inability to carry out exploration operations there and dealing the latest setback to the country in its efforts to draw foreign investments.
RIO DE JANEIRO, Oct 16- Brazil's government sees the planned Monday sale of Libra, an oil discovery billed as the biggest offshore oilfield ever sold, as a crowning achievement of an energy plan designed to end poverty and help the country join the developed world.
*Tanzania expected to launch bidding round this month. *Mozambique has found larger reserves, bidding round expected by Q1. LONDON, Oct 10- Mozambique and Tanzania are locked in a race to be first to export gas from East Africa, but a bigger battle awaits as the United States and others gear up for a share of the global gas market.
LONDON, Oct 8- BG Group Plc is close to a deal or deals that would reduce its 100 percent holdings in a group of six exploration licence blocks off Brazil's coast, the company said on Tuesday, a signal it aims to push ahead promptly with drilling there.
*Some U.S. companies pull out of Libya, Algeria and Egypt as risks mount. But Libya has not turned into the bonanza some foreign oil firms had hoped for, while the cost to reward ratio of producing gas in Egypt and Algeria looks less appealing as new finds in more politically stable places like Tanzania offer alternatives.
*New round of negotiations set for Oct. 9. BRUSSELS, Oct 2- European Union policy-makers have alarmed traders with plans to impose size limits on physical commodity deals, a step campaigners say is needed to crack down on speculators blamed for pushing up food and energy prices.
*Statoil is Brazil's No. 2 producer for fourth month. RIO DE JANEIRO, Oct 1- Brazil's oil and natural gas output rose for the second time in three months in August as new output from giant offshore fields barely outpaced declines from the depletion of older areas and maintenance, oil industry watchdog ANP said on Tuesday.
LONDON, Sept 27- An offshore gas find in the Nile Delta is strong new evidence that Egypt has the resources to end power cuts and get export income flowing again.
*About 25 pct of top office space vacant in Cairo- report. DUBAI/ LONDON, Sept 26- A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt international investors to shift funds to sub-Saharan real estate.
RIO DE JANEIRO, Sept 20- Brazil's government plans to finance state-run oil company Petroleo Brasileiro SA's participation in the Oct. 21 auction of Libra, country's largest-ever oil discovery, the Estado de S. Paulo daily newspaper reported on Saturday.
RIO DE JANEIRO, Sept 19- Brazil's planned auction of its biggest-ever oil discovery attracted only a quarter of the interest expected by the government after many of the large, wealthy oil companies with experience in the region declined to sign up for the sale.
RIO DE JANEIRO, Sept 19- Brazil's planned auction of its biggest-ever oil discovery attracted only a quarter of the interest expected by the government after many of the large, deep-pocketed oil companies with experience in the region declined to sign up for the sale.
RIO DE JANEIRO, Sept 19- Only 11 oil companies paid the fee required to qualify for a planned Oct. 21 auction of Brazil's biggest ever oil discovery, the country's petroleum regulator said on Thursday, noting that almost four times that many companies had been expected to participate.
Exxon Mobil Corp, BP Plc and BG Group Plc decided not to make bids for the giant offshore Libra oil prospect that Brazil plans to auction on Oct. 21, Magda Chambriard, head of Brazil's oil regulator ANP, said on Thursday.