Ten leading money men and women have agreed to give investors access to their three best ideas this week. Here are the participants so far and their picks.» Read More
LONDON, Oct 9- Iraq's oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC's second-biggest producer after Saudi Arabia.
LONDON, Oct 9- Iraq's oil production is on course to more than double by 2020, the International Energy Agency said, although delays to investment could tighten the global market in coming decades and push prices higher.
Shares in French movie studio EuropaCorp surge 13 percent after Liam Neeson thriller "Taken 2", which it co-produced, captures the No. 1 spot on movie box office charts over the weekend.
LONDON, Oct 6- Shell on Friday declared force majeure on its gas deliveries from Nigeria's liquefied natural gas plant after an attempt to steal crude oil from a pipeline led to a fire, it said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
OSLO, Oct 5- Eni has discovered gas and condensate northwest of the Snoehvit field in the Barents Sea, the Norwegian Petroleum Directorate said on Friday. and Det Norske holding 20 percent each. Det Norske said in a separate statement that the gas discovery is not considered commercial.
OSLO, Oct 5- Det Norske Oljeselskap:. *Says gas discovery on the Salina prospect in production license 533, operated by Eni. *says estimate of recoverable gas volumes is between six.
Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.
VIENNA, Oct 5- Austrian energy group OMV. OMV and its joint venture partners, Italy's Eni and U.S. power company PPL, will invest 107 million euros to drill and complete new wells and build a new pipeline to connect Latif with its Sawan processing plant.
MILAN, Oct 4- Italy's Eni will increase its oil and gas output to 2.5-3.0 million barrels of oil equivalent per day in five-six years time from 1.8 million boe/day today, its Chief Executive Paolo Scaroni said on Thursday.
*Credit Suisse raises Eni target price to 21.2 euros from 20.5 euros;. rating outperform For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
MILAN, Oct 3- Italian oil services company Saipem. said on Wednesday it was awarded a three-year $550 million contract from Statoil to provide drilling services in the off Norway. Scarabeo 5 has been working continuously since 1990 in the Norwegian North Sea.
ROME, Oct 3- The need to guarantee energy supplies means it would not be wise for the Italian government to sell more stakes in energy company Eni or utility Enel, Economy Minister Vittorio Grilli said on Wednesday. The state directly or indirectly controls around 31 percent of Enel and roughly the same proportion of ENI.
By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."
By Robin Paxton ASTANA, Oct 2- U.S. oil company ConocoPhillips. Kazakh Oil and Gas Minister Sauat Mynbayev said that ConocoPhillips is ready to sell its 8.4 per cent stake in North Caspian Operating Company, the consortium developing Kashagan. "
*More assertive Kazakhstan sets eyes on ConocoPhillips stake. *Kashagan key to rapid rise in Kazakh oil output* Kazakh minister hopes field to produce first oil in March By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips.
By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips. Asked whether ConocoPhillips would sell its stake in the consortium, Mynbayev told reporters: "They have the intention of selling." Lyazzat Kiinov, the head of Kazakh state oil company KazMunaiGas, said the firm was "displaying interest" in buying the stake of ConocoPhillips.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
LONDON, Oct 1- Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. "We are starting to see Shell in Mozambique, yes, not only Shell, all companies, even Exxon Mobil, Chevron.
MILAN, Oct 1- Italian energy group Edison said on Monday it had won a dispute with Eni to review the price of its long-term gas contract from Libya, its second gas arbitration victory in less than a month. In September Edison, which is owned by France's EDF, won in arbitration a 450 million euro discount on its liquefied natural gas supplies from Qatar's Rasgas.