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  • OSLO, April 27- An Oslo court started to hear a $1.9 billion lawsuit by a group of international investors against Norway on Monday, in a case that challenges the country's reputation as a predictable place to do business with little political risk. Investors including Allianz, UBS, the Abu Dhabi Investment Authority and two Canadian pension funds are suing...

  • TOKYO/ ABU DHABI, April 27- Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40- year onshore oil concession in Abu Dhabi, joining France's Total in developing the United Arab Emirates' biggest oilfields. Abu Dhabi National Oil Company said on Monday it had granted Inpex a 5 percent stake in the new concession. The Inpex concession gives...

  • *Statoil cutting less in capex than any other major. OSLO, April 23- Norway's Statoil is cutting investments less than any other oil major this year, positioning for a crude price recovery but taking a risk should the slump be protracted. We are either euphoric or depressed, " Statoil Chief Economist Eirik Waerness said.

  • NYMEX-Crude edges up over $56 after 2 days of losses Wednesday, 22 Apr 2015 | 8:03 PM ET

    TOKYO, April 23- U.S. crude futures inched up on Thursday to hold above $56 a barrel after two days of losses, as renewed fighting in Yemen countered worries over rising U.S. inventories due to ample supplies and robust shale production. *It settled down 45 cents on Wednesday after the Energy Information Administration data showed that U.S. crude stockpiles rose by...

  • The world's most important oil producer is now ... Monday, 20 Apr 2015 | 9:52 AM ET
    An oil well in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.

  • ON THE GULF OF MEXICO— Five years after the nation's worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. The number of deepwater drilling rigs has increased, too, from 35 at the time of the Macondo blowout to 48 last month, according to data from...

  • Cramer Remix: This is what I think of Netflix Monday, 13 Apr 2015 | 7:16 PM ET
    Jim Cramer on Mad Money.

    Generational shift or sham? “Mad Money” host Jim Cramer gets real on Netflix.

  • Lightning Round: I say this is an opportunity Monday, 13 Apr 2015 | 7:00 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • LONDON, April 8- Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in oil prices. 1/ 8 nL3N0X441R 3/ 4. Goldman Sachs and Robey Warshaw LLP are expected to earn $50.3 million each for advising BG, with Bank of America...

  • Sunday telephone call sparked $70 bln Shell-BG deal Wednesday, 8 Apr 2015 | 10:49 AM ET

    By Dmitry Zhdannikov and Karolin Schaps. LONDON, April 7- Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Helping to make it happen were three bankers who have advised on some of the oil industry's biggest takeovers-- Alastair Maxwell from Goldman Sachs, Julian Mylchreest from Bank of America Merrill Lynch and former...

  • Shell launches $69B cash-and-share bid for BG Group Wednesday, 8 Apr 2015 | 2:18 AM ET

    Royal Dutch Shell has confirmed it is in advanced talks to buy UK utility BG Group, in a £47 billion cash-and-shares offer.

  • With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies to do more for less. Baker Hughes Inc saw more client inquiries about products that increase efficiency of existing wells in the first three months...

  • OSLO, March 19- Norwegian energy firm Statoil released unprecedented detail about its payments to governments around the world on Thursday, even as some of its rivals are fighting new rules that will require increased disclosure. Statoil, which has released some data for years, unveiled how much it paid per project in each country and to each local or national...

  • CARACAS/ HOUSTON, March 13- A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA. New posters inside its Caracas headquarters request employees don normal office wear, visitors say, a telltale sign of what could be the most sweeping changes in over a...

  • LONDON, March 11- Oil watchers have spent much of the last two months speculating about whether overproduction and the rapid accumulation of crude oil inventories in the United States would cause storage space to run out and trigger another fall in spot prices. Commercial crude stocks held at refineries, tank farms and in pipelines across the United States...

  • Azerbaijan watches for dissent as economy slows Tuesday, 3 Mar 2015 | 5:50 AM ET

    BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...

  • Brent April crude was up $1.51 at $61.56 a barrel at 11:54 a.m. EST, on pace to post a 16 percent monthly gain, the first monthly rise since June. April crude was up 75 cents at $48.92 a barrel, needing a finish above $48.24 to post a February gain. Oil has been supported by signs that lower prices are starting to reduce investment in production in non- OPEC countries and...

  • *China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 1453 GMT, Brent crude futures were up $1.26 at $61.32 a barrel, off an earlier high of $61.75.

  • *China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 0955 GMT, Brent crude futures were up $1.50 at $61.54 a barrel, while U.S. crude was up $1.23 at $49.40 a barrel.

  • Lithuania looks to U.S. for gas imports Friday, 27 Feb 2015 | 3:05 AM ET

    OSLO, Feb 27- Lithuanian liquefied natural gas importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia. Delfin LNG LLC is developing an offshore liquefaction and export facility in Louisiana with a total export capacity of 13 million tonnes of LNG per year. Last year, Litgas signed a...