European and U.K. stocks pointed to a mixed open on Thursday, ahead of another blast of quarterly earnings from big-name companies.» Read More
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.
*CNOOC in pre-feasibility study of FLNG technology. BEIJING, July 17- Chinese energy giant CNOOC Group is studying the possibility of building a multi-billion-dollar floating liquefied natural gas vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
July 15- Royal Dutch Shell Plc said on Tuesday it had found roughly 100 million barrels of oil equivalent in the Gulf of Mexico' s Norphlet formation, its third discovery there. The company, the gulf's largest operator, found the oil near its Rydberg well, roughly 75 miles off the Louisiana coast.
NEW YORK, July 14- A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.
*Sasol, Eni to study building plant in Mozambique. The company has seen costs overrun at its flagship Qatar plant, cancelled a U.S. project and is relying on a favourable link between prices for feedstock natural gas and oil- factors which have jangled the nerves of some investors in Royal Dutch Shell.
*EU price premium over North America down 77 pct this year. Asian spot prices have also come off sharply this year, shedding over 40 percent in value as demand growth slowed and new supplies in the Pacific region became available, although prices remain almost twice as high as in Britain and around three times as expensive as in North America.
*Sasol, Eni to study building plant in Mozambique. The company has seen costs overrun at its flagship Qatar plant, cancelled a U.S. project and is relying on a favourable link between prices for feedstock natural and oil- factors which have jangled the nerves of some investors in Royal Dutch Shell.
PARIS, July 8- Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer, including options to bypass Ukraine, the head of French oil major Total told Reuters.
More Americans are fueling up at supermarkets and warehouse clubs instead of traditional service stations, according to a new survey.
*OPEC output back below supply target of 30 million bpd. The slight decline underlines how unrest and outages in the Middle East and Africa are taking their toll on OPEC supply, just as the International Energy Agency is highlighting a greater need for OPEC oil in the rest of the year. 1/ 8 D: nL5N0OU1KF 3/ 8.
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