European shares ended the day lower, as concerns about the impact of further sanctions against Russia weighed amid ongoing unrest in Ukraine.» Read More
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.
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.
MOSCOW, July 18- Top Russian oil producer Rosneft said it would continue to work on existing projects and agreements and honour its obligations despite U.S. sanctions slapped on the company over Moscow's role in the Ukraine crisis.
-BP obtained a 19.75 percent stake in the Kremlin-controlled company as part of a deal that saw the British firm sell Rosneft its stake in the Anglo-Russian oil producer TNK-BP for $55 billion last year. BP's head Robert Dudley, a U.S. citizen, sits on Rosneft's board.
NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.
*Sweden peppered with buying opportunities- fund managers. Sweden is also peppered with overlooked restructuring plays such as Husqvarna, a maker of lawnmowers and chainsaws, or lock-maker Assa Abloy, which offers exposure to the United States and Europe at an attractive valuation, according to some fund managers.
LONDON, July 10- Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.
KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 26- The gap between perception and myth in liquefied natural gas is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.
The CFO of Statoil has defended the company's plans to slash spending, a day after Norway's central bank warned of a drop in oil investment.
*Telenor stake for sale worth $7.1 billion. OSLO, June 19- Norway's government will ask parliament for the right to cut its stakes in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on Thursday.
MOSCOW, June 17- Norway's Statoil could increase gas supplies to the European Union but would not be able to replace Russian gas, CEO Helge Lund said on Tuesday, a day after Moscow cut off supplies to Ukraine over a price dispute.
Helge Lund, CEO of Statoil, says despite the tensions between Ukraine and Russia and concern over energy supply, European gas looks credible in the long-term.
*CCI hires Singapore- based trader for naphtha- mkt sources. *Firm currently trades fuel oil, petchem from Singapore. SINGAPORE, June 17- U.S. company Castleton Commodities International LLC is expanding its oil product trading in Asia to include naphtha, market sources said.
*Iraq crisis, chance of early UK rate hike hit sentiment. LONDON, June 13- Major European stock indexes ended lower on Friday, with British equities slipping on the possibility of an early rate hike and travel stocks hurt by concern the Iraq conflict will raise oil prices.
DAR ES SALAAM, June 9- A Tanzanian unit of Australia's Swala Energy Ltd is selling an almost 10 percent stake worth 4.8 billion shillings in an initial public offering on the east African nation's newly launched bourse for small firms.
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.
OSLO, June 8- He is the self-made man who changed the way business was done in Norway, and from this week, Kjell Inge Roekke, a flamboyant billionaire with an explosive temper and a taste for the supersized, can also call himself an oil baron.
*Industry needs long-term contracts- Aker CEO Eriksen. OSLO, June 5- Oil producers must award longer service contracts if they want to cut costs- and should look to Brazil's Petrobras as an example- but they are struggling to change, said the CEO of Norway's Aker, a major shareholder in several energy firms.
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