The CEO of Royal Dutch Shell, the U.K.'s largest listed company has become the latest chief executive to wade in on the Scottish independence debate.» Read More
Jan 30- Exxon Mobil Corp, the world's largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves.
Exxon Mobil posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves.
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*BP is dismantling 20- strong Beijing- based team-sources. BEIJING, Jan 30- BP is dropping plans to invest in a refinery in China, three sources with direct knowledge said, the fourth refining project in recent months to fall foul of a slowdown in growth in the world's second-largest economy.
*Capital spending to fall to $37 bln from $46 bln. LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell assets, cut spending and freeze a controversial Arctic drilling programme to improve returns after a major profit warning.
Oswald Clint, senior oil analyst at Sanford C. Bernstein, says Shell's cost cutting program is an "encouraging step".
LONDON, Jan 30- Cutting the cost of everything from salaries and steel pipes to seismic surveys and drilling equipment is the central challenge for the oil and gas industry over the next five years.
LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell off assets, cut spending and freeze a controversial Arctic drilling programme in a new focus on returns following a major profit warning.
Royal Dutch Shell followed on from its profit warning earlier this month Thursday with its worst figures for five years.
*Russia should divert some gas from Europe to Asia. DAVOS, Switzerland, Jan 27- Russia could match the world's top liquefied natural gas producer Qatar within 10 years as state and private projects accelerate, which could also help divert some gas away from Europe, the head of a leading Russian gas company said.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
*Sector may be past low point of investor pessimism- HSBC. PARIS/ LONDON, Jan 24- Europe's energy stocks, shunned by investors for two years because of jitters over dividends and oil prices, are poised for a revival as companies start to cut investments and generate more cash.
Analysts have flagged several factors that could disrupt the three-year equilibrium in oil prices.
*Eni, Total, BP, LUKoil, GazpromNeft attend. DAVOS, Switzerland, Jan 23- Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world's top oil executives here on Thursday, part of its drive to win back Western business.
*ASML surges after earnings beat. LONDON, Jan 22- European shares eked out gains on Wednesday, led by Dutch technology firm ASML on robust results, as concerns about earnings across the board kept a lid on the market's advance.
They have emerged as the central topic for debate as oil executives gather on the sidelines of the World Economic Forum this week in the Swiss alpine resort of Davos.
LONDON, Jan 21- Royal Dutch Shell's chief executive Ben van Beurden has, on the face of it, played the classic "new boss" card- using a barely justified profit warning to brighten his own future by making the past look bad.
PERTH/ LONDON, Jan 21- Locked into hefty discounts for nearly a decade, producers of super-cooled liquid natural gas could triple their earnings as surging demand gives them the upper hand in contract reviews with big buyers in Asia.
LONDON, Jan 21- Iran's first chance to unveil new oil and gas investment opportunities to Western oil companies- a widely anticipated London conference- has been delayed until November from early April, industry sources said on Tuesday.
LONDON, Jan 20- Royal Dutch Shell said on Monday it had agreed to sell stakes in a gas project in Western Australia for $1.14 billion as part of the oil company's drive to improve its return on investment.