European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.» Read More
ANCHORAGE, Alaska— An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast. Shell and the Arctic Slope Regional Corp. announced the formation of a new company called Arctic Inupiat Offshore LLC.
HOUSTON, July 31- U.S. oil and gas company Apache Corp, under pressure from activist investor Jana Partners, said on Thursday it plans to sell interests in two liquefied natural gas projects as it sharpens the focus on developing North American shale fields.
*Shares in Adidas and Banco Espirito Santo slump. LONDON, July 31- European shares fell sharply on Thursday, with the euro zone's blue-chip index slipping to a three-month low, on concerns of an earlier than expected interest rate hike in the Uniteed States and a debt default by Argentina.
MOSCOW, July 31- For all the sanctions Western leaders can throw at Russia, the biggest threat to President Vladimir Putin's ability to back separatists in east Ukraine is something beyond his or their control: the price of oil.
*Adidas, Banco Espirito Santo shares slump. LONDON/ PARIS, July 31- Europe's FTSEurofirst 300 index of top shares slipped to a two-week low on Thursday, led lower by Adidas after the group warned about business in Russia, while Argentina's default also rattled investors.
*Earnings $6.1 bln vs $5.46 bln forecast. *Raises dividend, flags $30 billion returns to investors. LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts despite impairments of almost $2 billion after producing more liquids and selling at higher prices.
PARIS, July 31- European shares fell in early trade on Thursday, led by Adidas after the group warned about business in Russia, while Argentina's default also rattled investors. Spanish stocks also underperformed, with Madrid's IBEX dropping 1.5 percent, as traders cited worries over Spanish companies' exposure to Latin America after Argentina's debt default.
*Madrid shares hit after Argentina defaults again. LONDON, July 31- Doubts about the health of Europe's economy dominated trade on its major stock markets on Thursday after a cautious message from the U.S.
PARIS, July 31- European shares were steady in early trade on Thursday as investors combed through a batch of corporate results from blue-chips such as Sanofi, Anheuser-Busch InBev and Royal Dutch Shell.
LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts, after producing more liquids and selling at higher prices. The company joins rival BP Plc in reporting better-than-expected earnings.
AMSTERDAM— Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges. Net profit was $5.31 billion, up from $1.74 billion in the same period a year earlier.
July 31- Oil major Royal Dutch Shell Plc, which has been shedding assets to cut costs and streamline operations, reported a 33 percent increase in adjusted quarterly earnings after producing more liquids and selling at higher prices.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
*BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
The U.S. Bureau of Ocean Energy Management announced Friday it is opening a 45- day comment period both to gather information on areas in the Beaufort Sea that have the most promising oil and gas potential, and to learn more about environmentally sensitive habitats and subsistence activities within the planning area.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
CALGARY, Alberta, July 25- Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska, a World Wildlife Fund study showed on Friday. The remote Beaufort Sea is a section of the Arctic Ocean that spans the Canada- U.S. border.
*Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.
The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.
LONDON, July 18- Royal Dutch Shell has suspended development of a liquefaction unit at Canada's Jumping Pound facility, which was to be used to develop the emerging gas for transport market.