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Royal Dutch Shell PLC

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  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. The move echoed similar steps earlier this week by Royal Dutch Shell, Hess Corp, ConocoPhillips and others to conserve cash in an environment where the...

  • NEW YORK, Jan 30- Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. Energy company earnings are seen tumbling 25 percent in the fourth quarter, according to Thomson Reuters data, a bigger decline than the drop of 19.8 percent...

  • *Half of the assets on sale are in North America. *North Sea could prove a hard sell. LONDON, Jan 30- With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.

  • LAGOS, Jan 30- Nigeria's naira gained 1.1 percent against the dollar on Friday, lifted by the central bank's intervention and dollar sales by oil companies this week, which helped ease demand pressure on the local currency, dealers said. The central bank has been selling dollars since this week and intervened again on Friday to lift the naira, which is trading...

  • Markets brace for Big Oil profit plunge Friday, 30 Jan 2015 | 6:15 AM ET

    NEW YORK— It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a strong earnings season into a weak one. BP told workers Monday that it would freeze pay for 2015. On Friday, Chevron posted a 30 percent decline in fourth-quarter profit, a day after Royal Dutch Shell reported a 57 percent...

  • *Wall St rallies as Apple, Boeing lead in late-day surge. Major Wall Street indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended gains following their strong earnings reports earlier this week. Amazon.com and Google Inc reported earnings after the bell, with Amazon shares gaining as much as 8.5 percent, but Google fell almost 5 percent.

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • Shell says it will drill off Alaska if it can get permits Thursday, 29 Jan 2015 | 12:56 PM ET

    ANCHORAGE, Alaska— Royal Dutch Shell PLC will move forward with drilling off Alaska's northwest coast if it can obtain permits it needs and drill safely, its chief executive officer said Thursday. The announcement was consistent with what Shell officials have been saying about the upcoming summer open-water season in Alaska. Shell last drilled in Arctic...

  • NEW YORK, Jan 29- Global equity markets eased on Thursday on simmering worries over Greece's new anti-bailout government and the prospect for corporate earnings, but U.S. government debt prices fell on fresh signs of a strong American labor market. On Wall Street, Alibaba Group shares dropped 10.5 percent to $88.12 after its revenue missed expectations.

  • PARIS/ DUBAI, Jan 29- Total became the first oil major to renew a 40- year onshore concession in Abu Dhabi, putting its peers under pressure to improve terms after the local partner said the French firm made the best offer. The state-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the firm a 10 percent stake in the new concession...

  • European shares knocked as oil slide hits earnings Thursday, 29 Jan 2015 | 6:59 AM ET

    *Vallourec warns of impairment, shares fall 5.5 pct. LONDON/ PARIS, Jan 29- Weak corporate updates pegged back European shares on Thursday, as the effects of a recent rout in oil prices knocked back heavyweight energy firms. France's Vallourec featured among the main losers, falling 5.5 percent after the steel pipes maker warned of an impairment charge of 1.0- 1.2...

  • MUMBAI, Jan 29- The Indian government has asked tax officials to apply the principle behind a tax ruling in favour of Vodafone Group Plc to all similar cases, a major boost to foreign firms including Royal Dutch Shell PLC. Tax lawyers said they expected the government order to impact all the past and future cases involving tax on shares issued by a company to...

  • LONDON, Jan 29- Royal Dutch Shell blamed writedowns and forex losses for making almost no money in oil production, its most powerful division, in the last quarter of 2014, causing the company to miss profit forecasts by more than 20 percent. Shell, the largest of the European energy majors, also announced a relatively modest three-year, $15 billion cut in spending...

  • PARIS/ DUBAI, Jan 29- State-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the French oil major a 10 percent stake in a new 40- year onshore concession to help operate the United Arab Emirates' biggest oilfields. Nine Asian and Western firms had bid for stakes in the Abu Dhabi Company for Onshore Oil Operations concession...

  • Shell CEO sees long-term oil price at $90/barrel Thursday, 29 Jan 2015 | 5:28 AM ET

    LONDON, Jan 29- Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's Chief Executive Ben van Beurden told a conference call on Thursday.

  • Shell aims to restart Arctic drilling this year -CEO Thursday, 29 Jan 2015 | 5:25 AM ET

    LONDON, Jan 29- Royal Dutch Shell is planning to restart oil drilling in the Arctic this year, Chief Executive Ben van Beurden said on Thursday. Van Beurden said he aimed to restart the campaign this year, pending approval of the necessary permits and the conclusion of various legal challenges. "Yes, we are minded to drill in the Chukchi Sea," he told reporters at a...

  • UPDATE 1-Total wins share of new Abu Dhabi concession Thursday, 29 Jan 2015 | 4:45 AM ET

    PARIS, Jan 29- Total has signed an agreement to take a 10 percent stake in a new 40- year onshore concession in Abu Dhabi in the United Arab Emirates, the French oil group said on Thursday. "Total is honored to be the first International Oil Company to be chosen... to participate in this new onshore concession and to be entrusted with the mission of technical leader on two...

  • MUMBAI, Jan 29- India's decision to drop a tax dispute with Vodafone Group Plc is likely to mean relief for Royal Dutch Shell PLC and others caught in similar, protracted battles, as the government tries to attract much-needed foreign investment. Late on Wednesday, India's government said it would not appeal a regional court ruling in favour of Vodafone, the...

  • European shares fall; Vallourec sinks after warning Thursday, 29 Jan 2015 | 4:05 AM ET

    *Vallourec warns of 1- 1.2 bln euro impairment, shares fall 6 pct. Vallourec featured among the top losers, falling 6 percent after the steel pipes maker warned of an impairment charge of 1.0- 1.2 billion euros on the value of its assets, blaming turmoil in the oil market. Also, Vallourec has not impaired anything in the U.S., whereas market conditions are deteriorating...

  • LONDON, Jan 29- Royal Dutch Shell shares fell on Thursday after the oil company missed profit expectations and announced a three-year, $15 billion cut in spending reflecting a steep fall in oil prices. "It was a big miss in upstream," said Raymond James analyst Bertran Hodee. The $15 billion spending cut, which will involve canceling and deferring projects through...