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  • 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.

  • *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.

  • *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, UK rate warnings hit European shares Friday, 13 Jun 2014 | 1:01 PM ET

    *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.

  • *TAP plans to bring Azeri Shah Deniz II gas to Italy and Turkey. BAKU, June 3- France's Total and Germany's E.ON plan to withdraw from a pipeline scheme to bring Azerbaijan's gas to Italy, an Azeri official said, as falling Italian demand puts energy projects there into doubt.

  • *Marathon fails to sell smaller UK business. OSLO, June 2- Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans to shed assets in Norway and Britain to free up cash for the U.S. firm's shale activities in the United States.

  • *Greenpeace ship tried to block the drilling site. OSLO, May 31- Norway's Coast Guard on Friday evening towed away a Greenpeace ship that tried to block Statoil's rig from drilling the world's most northerly oil well in the Barents Sea, the environment group said.

  • OSLO, May 28- Norway plans to cut taxes, build more infrastructure and step up spending on research next year as it prepares to reduce its reliance on oil, Prime Minister Erna Solberg said on Wednesday.

  • OSLO, May 27- Activists from environmental group Greenpeace have climbed aboard an oil drilling rig in the Norwegian Arctic on Tuesday, trying to stop Statoil's exploration plans in one of the world's northernmost prospects, the group said on Tuesday.

  • "You had the Ukraine elections, and Russia said it will respect it... so there is no escalation," said Olivier Jakob at the Petromatrix consultancy in Zug, Switzerland. Last week, fighting in Ukraine as well as production cuts in Libya and South Sudan had helped drive up Brent, but tensions eased after Russia said it would respect Ukraine's election results.

  • "You had the Ukraine elections, and Russia said it will respect it... so there is no escalation," Olivier Jakob at Petromatrix consultancy in Zug, Switzerland. Last week, fighting in Ukraine along with Libyan and South Sudanese production cuts had helped drive up Brent, but tensions eased after Russia said it would respect Ukraine's presidential elections.

  • "You had the Ukraine elections, and Russia said it will respect it... so there is no escalation," Olivier Jakob at Petromatrix consultancy in Zug, Switzerland. Last week, fighting in Ukraine along with Libyan and South Sudanese production cuts had helped drive up Brent, but tensions eased after Russia said it would respect Ukraine's presidential elections.

  • *Ukraine tensions ease slightly after presidential election. SINGAPORE, May 26- Brent crude fell below $110 a barrel on Monday, dipping further from last week's two-and-a-half month high as worries over Ukraine eased slightly after its presidential election.