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Royal Dutch Shell PLC

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  • UPDATE 2-Total names refining boss to replace de Margerie Wednesday, 22 Oct 2014 | 11:38 AM ET

    PARIS, Oct 22- French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. Total's choice of a man from the downstream business...

  • * "Russia has lost a true friend," Putin. Known as "The Big Moustache" for his bushy, grey moustache, de Margerie, 63, was the most charismatic and outspoken oil executive of his generation who cultivated relationships with leaders across Africa, the Middle East and Europe. An opponent of Western economic sanctions against Russia, the Frenchman was close to President...

  • *Total's CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night. The collision occurred minutes before midnight Moscow time as de Margerie's Dassault Falcon jet was taking off...

  • *Total's CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night. The collision occurred minutes before midnight Moscow time as de Margerie's Dassault Falcon jet was taking...

  • *Total CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials said. "Total confirms with deep regret and great sadness that Chairman and CEO...

  • *Defender of Moscow policies killed in plane-plow crash. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova said on Tuesday. The collision occurred during takeoff of the Dassault Falcon business...

  • The U.S. Department of Energy is expected to release a report in late October that will help assess whether domestic gasoline prices would rise if Congress or the Obama administration lifted the 40- year ban on crude oil exports. Congress mandated the oil export ban following the Arab oil embargo of the 1970 s, which sent shock waves through energy markets and...

  • WASHINGTON, Oct 20- The U.S. Department of Energy is expected to release a report in late October that will help assess whether domestic gasoline prices would rise if Congress or the Obama administration lifted the 40- year ban on crude oil exports. Congress mandated the oil export ban following the Arab oil embargo of the 1970 s, which sent shock waves through...

  • Shell Midstream Partners files for $750M IPO Monday, 20 Oct 2014 | 3:35 PM ET

    NEW YORK— Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. Shell Midstream's assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., and Bengal...

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • Oct 20- Shell Midstream Partners LP, a division of Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit.

  • *Deregulation not to impact India's diesel exports. NEW DELHI, Oct 20- India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms. Reliance Industries plans to revive its old business cautiously, while...

  • UPDATE 2-Russia's top oil firms play down price drop Friday, 17 Oct 2014 | 6:52 AM ET

    *Gazprom Neft sees oil price returning to $95- 110 per barrel. *Russia's 2015-2017 budget sees average oil price at $100 per barrel. Rosneft, the world's top listed oil company by output, and Gazprom Neft, Russia's fourth largest producer by output, said on Friday there was no need to panic.

  • Oct 15- The U.S. government is expected to release a report in late October that will help assess whether domestic gasoline prices would rise if Congress or the Obama administration lifted the 40- year ban on crude oil exports. Congress mandated the oil export ban following the Arab oil embargo of the 1970 s, which sent shock waves through energy markets and...

  • European stocks suffer biggest one-day slide since 2011 Wednesday, 15 Oct 2014 | 12:49 PM ET

    *$255 bln wiped off the market value of STOXX 600 stocks. PARIS, Oct 15- A sell-off in European stocks accelerated on Wednesday, with a key index suffering its biggest one-day slide in nearly three years as investors slashed exposure to risky assets on mounting worries about global growth. That is more than Portugal's GDP and more than the entire market...

  • War on the doorstep compounds Turkey's economic worries Wednesday, 15 Oct 2014 | 8:40 AM ET

    Investors who until mid-2013 saw Turkey as a relatively safe bet in a chaotic region are increasingly alarmed that it might not only be dragged into the war in Syria but also lose the hard-won prospect of peace and economic revival in its own Kurdish region. So far, Turkey has resisted Western and Kurdish pressure to enter Syria's complex war by sending its tanks...

  • However, reassuring results from two bellwethers, food giant Danone and luxury group LVMH, helped soothe worries over the outlook for corporate results in Europe as the earnings season kicks off. Shares in Danone rose 3.4 percent after it posted a better-than-expected rise in third-quarter sales, helped by improving baby food sales in Asia where the French...

  • UPDATE 1-Russia's Gazprom says Q2 net profit up 13 pct Tuesday, 14 Oct 2014 | 2:59 AM ET

    MOSCOW, Oct 14- Russian gas producer Gazprom said on Tuesday its second quarter net profit was up 13 percent to 227.6 billion roubles boosted by foreign exchange gains but still short of analysts expectations. A Reuters poll of analysts had expected Gazprom to post 234 billion roubles in the second quarter net profit, up from 202 billion roubles the same period...

  • ASTANA, Oct 10- Kashagan, the world's most expensive oil project, will have to spend another up to $3.6 billion to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said. Production at the Kashagan reservoir, the world's biggest oil find in recent times, started in September last year but was halted...

  • Companies that were already deep in the red when the price of Brent was at $109 a barrel last year are having to redraw business plans for prices as low as $90. According to Morgan Stanley analysts, the seven majors- Royal Dutch Shell, BP, Exxon Mobil, Chevron, Total Statoil- ran a collective deficit of $55 billion last year. They generated $207 billion of operating cash...