An enterprising CEO at this oil and gas company makes its stock very attractive if it falls from current levels, says Jim Cramer.» Read More
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said. Spending by major oil companies is expected to remain flat this year, Barclays said in a report on Wednesday.
*Aegon buoyed by share buyback plan. *Oil prices rise as violence in Iraq continues. LONDON, June 18- European stock markets edged up on Wednesday to go back within reach of multi-year highs reached last week, with insurer Aegon rallying after announcing a share buyback program.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said.
June 18- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, filed with U.S. regulators on Wednesday to raise up to $750 million in an initial public offering of common units.
Why is Jim Cramer a fan of Shell? It's a big integrated oil company and he likes the independents.
*Questions mount if Iraq can increase oil output at all. MOSCOW/ NEW DELHI, June 17- Some oil companies are pulling foreign staff from Iraq, fearing Sunni militants from the north could strike at major oilfields concentrated in the Shi'ite south despite moves by the Baghdad government to tighten security.
The red carpet was rolled out from Windsor to Downing Street for China, as a high-profile trade delegation arrives in the U.K.
June 17- Iraq's oil exports, confined to its southern terminals, have not so far been affected by escalating violence in the north, where an export pipeline has been out of action since March.
MOSCOW, June 17- BP chief executive Bob Dudley said on Tuesday the oil company's operations in Iraq were so far unaffected by violence in the country. Along with the China National Petroleum Corporation, BP operates under a technical service contract with Iraq's state-owned South Oil Company to boost production from the Rumaila oilfield.
*Shell to focus on Gorgon, Prelude LNG in Australia. MELBOURNE, June 17- Royal Dutch Shell launched a long-anticipated sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.7 billion as it moves to focus on developing its own gas assets in Australia.
*Shell to focus on Gorgon, Prelude LNG in Australia. MELBOURNE, June 17- Royal Dutch Shell launched a long-awaited sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.73 billion as it moves to focus on developing its own gas assets in Australia.
MELBOURNE, June 17- Royal Dutch Shell launched a long-awaited sell down of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.73 billion. The deal included Woodside agreeing to buy back 78.3 million of its shares from Shell for A $36.49 a share, or a total of A $2.857 billion, Woodside said.
NEW YORK, June 16- As politicians debate the dangers of a massive increase in oil carried by rail in North America, railroads and energy producers are considering the same for natural gas.
European shares closed slightly down flat on Friday amid concerns of escalating tensions in Iraq and rising oil prices.
VANCOUVER, June 12- The Canadian province of British Columbia is on the brink of a liquefied natural gas boom, but a shortfall of thousands of workers is imperiling billions in investment dollars.
LONDON, June 11- Start-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday. Since 2012, it has concluded joint ventures with local partners in Brazil as well as Saudi Arabia and Oman.
VIENNA, June 9- Iraq's oil minister on Monday condemned the export of pipeline crude from Iraqi Kurdistan and threatened the region and Turkey, its point of export, with severe measures. The semi-autonomous northern Kurdish region has not been exporting any crude through the Baghdad- controlled Iraq- Turkey pipeline since the end of 2012..
*Iran readying improved terms for investors post-sanctions. VIENNA, June 9- A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No. 2 producer from former foe Iraq.
LONDON, June 9- Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment.
*Energy World says its LNG import hub, power plant to start 2015. MANILA, June 9- Australia- listed Energy World Corp Ltd expects its nearly $1 billion liquefied natural gas hub and power plant in the Philippines to be running by early 2015, paving the way to a new market for imports of the super-chilled fuel.