A company that uses solar energy to recover crude has scored financing from some big oil players, highlighting a growing niche of exploration.» Read More
Sept 15- ConocoPhillips, the largest U.S. independent oil and gas company, is preparing to auction its 24 percent stake in the Clair oilfield in the United Kingdom, the Financial Times reported on Monday. The oilfield has an estimated 8 billion barrels of oil, making it the largest hydrocarbon resource in Europe, according to oil major BP Plc's website.
*Gazprom Neft sticks to plans at the field, by 2020 as a whole. PRIRAZLOMNAYA OIL PLATFORM, Russia, Sept 15- G azprom Neft, the oil arm of Russian state gas company Gazprom, may turn to alternative equipment providers to meet production targets at its Prirazlomnoye oil field in the Arctic, after Western sanctions restricted access to existing suppliers.
Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
SAO PAULO, Sept 11- A small group of energy companies in Brazil are increasing revenues at a time when the country is grappling with its worst power crisis in more than a decade, taking advantage of sky-high prices to sell electricity in the spot market.
*Standard Life, RBS rally after latest opinion poll. LONDON, Sept 11- European shares edged higher on Thursday, with Scottish-exposed companies such as Standard Life, SSE and Royal Bank of Scotland rallying after a poll suggested voters in Scotland would reject independence in next week's referendum.
LONDON, Sept 9- European shares slipped for a third straight session on Tuesday, with companies that trade dollar-denominated commodities such as oil taking a hit as investors shortened the odds on an early hike in U.S. interest rates.
DUBAI, Sept 9- Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears about Islamist militia control in northern oil fields.
*Euro STOXX 50 down 0.3 pct, FTSEurofirst 300 flat. The euro zone blue-chip Euro STOXX 50 index fell 0.3 percent to 3,259.47 points. "As the bond markets all gently back up in yield, the equities look round wondering where the prop was that they were resting on," Andy Ash, head of sales at Monument Securities, said.
*Telecom Italia says America Movil may join Brazil unit bid. LONDON, Sept 9- European equities steadied after choppy early trading on Tuesday as gains for shares in companies including Telecom Italia and ABB were offset by weaker energy shares following a sharp decline in crude oil prices.
HOUSTON, Sept 8- In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.
The revised deal with oil major BP for Iraq's giant Rumaila oilfield cut the planned plateau level to 2.1 million barrels per day from 2.85 million bpd, Salah Mohammad, general manager of the Rumaila Operating Organization, told Reuters.
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Crude climbed by more than $1 a barrel on Wednesday, as traders reacted to strong U.S. data and expectations of stronger demand.
SINGAPORE, Sept 3- U.S. crude oil futures rebounded slightly in early Asian trade on Wednesday, supported by encouraging manufacturing data in the United States. Benchmarks on both sides of the Atlantic plummeted in the previous session on a stronger dollar and the prospects of slowing oil demand growth in China and Europe.
NEW YORK, Sept 2- U.S. policymakers should gradually lift the country's decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc said on Tuesday.
Brazil's oil industry may be large and growing, but little of what Rousseff promised when elected in 2010- or before then as energy minister or chairwoman of state-run energy giant Petrobras- has come to pass.
Some of Friday's midday movers:
Woodside Petroleum Ltd delivered a 27 percent rise in half-year net profit on Wednesday, in line with market forecasts.
LONDON, Aug 19- Cheap natural gas is starting to revolutionise traffic on U.S. roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution.
PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas(LNG) to fuel trucks and ships in place of diesel.