Barron's calling Shell "the best big oil stock for investors," saying shares could rise more than 20% this year. The "FMHR" traders discuss their views on Royal Dutch Shell. » Read More
LONDON, Oct 2- Somalia, hoping to share in East Africa's oil and gas boom, has invited back international oil companies that held exploration licences before civil war broke out two decades ago, an adviser to the government said.
By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."
KIEV, Oct 2- Ukraine will buy two offshore platforms to boost domestic natural gas output, state oil and gas firm Naftogaz said on Tuesday, as the country seeks to ease its dependence on imports from Russia.
JOHANNESBURG, Oct 2- South Africa's fuel suppliers are starting to feel the pinch as a strike by more than 20,000 truck drivers enters its second week, with deliveries to pumps delayed and stations running out of certain types of fuel, an industry body said on Tuesday.
By Robin Paxton ASTANA, Oct 2- U.S. oil company ConocoPhillips. Kazakh Oil and Gas Minister Sauat Mynbayev said that ConocoPhillips is ready to sell its 8.4 per cent stake in North Caspian Operating Company, the consortium developing Kashagan. "
*Oil output at TNK-BP falls almost 1 pct in Sept vs Aug. Russia's oil output edged up 0.3 percent in September compared with August to reach 10.41 million barrels per day, encouraged by oil price increases.
*JP Morgan raises Royal Dutch Shell Plc price target to. 2500 p From 2400 p; rating neutral. Reuters Station users, click. 1580.
*More assertive Kazakhstan sets eyes on ConocoPhillips stake. *Kashagan key to rapid rise in Kazakh oil output* Kazakh minister hopes field to produce first oil in March By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips.
By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips. Asked whether ConocoPhillips would sell its stake in the consortium, Mynbayev told reporters: "They have the intention of selling." Lyazzat Kiinov, the head of Kazakh state oil company KazMunaiGas, said the firm was "displaying interest" in buying the stake of ConocoPhillips.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
LONDON, Oct 1- Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. "We are starting to see Shell in Mozambique, yes, not only Shell, all companies, even Exxon Mobil, Chevron.
OSLO, Oct 1- Output from the Royal Dutch Shell- operated Nyhamna gas processing plant was reduced by 23 million cubic metres per day on Monday due to a shutdown at the Easington terminal, the gas system operator Gassco said on its website. The outage started at 1224 GMT was expected to last until Tuesday 1000 GMT, it added on its website.
Oct 1- The U.S. Supreme Court, back in session today after its summer recess, is expected to take up a closely watched case that could help it decide whether American judges are empowered to hear lawsuits over human rights atrocities abroad.
*Forties bid up to dated plus 20 cents. Forties was bid as high as dated plus 20 cents, up from a deal at dated minus 55 cents on Friday, while November Brent futures were trading at an 85- cent premium to December, up from as low as 68 cents on Wednesday. *Trafigura bid for an Oct. 23-25 Forties at dated plus 20 cents and Total bid Oct. 25-29 at the same level.
Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.
PTT's planned $1.9 billion takeover of Cove Energy, which would see it gain access to massive gas finds off the coast of east Africa, would put the company in an ideal position to supply demand in five years' time, Neil Atkinson, director for energy research at Datamonitor, told CNBC on Tuesday.
The Obama administration so far has stymied big oil’s efforts to move on the controversial Keystone XL pipeline, but the trade-off is a sure victory for Shell in the Alaskan Arctic.
The “Mad Money” host calls it a "classic bargain."
David Demers, founder and CEO of Westport Innovations, chats with Cramer.
Cramer makes the call on viewers' favorite stocks.