European shares closed lower on Tuesday, as Ukraine worries and fears about slowing demand in China weighed on stocks.» Read More
Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.
RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.
*Russia's gas supply relation to Europe would not easily break down. GOYANG, South Korea, March 24- Tension between Russia and the West may spur the U.S. to speed up approvals for more projects to export gas, said the head of a UK- based unit of France's Total group, as Europe looks for other sources of fuel supply.
March 10- SunPower Corp will launch the first tranche of its bonds backed by solar assets in the second half of the year, Chief Executive Thomas Werner told Reuters. SunPower's plan to launch notes backed by leases associated with its solar projects comes after SolarCity Corp became the first company to offer solar securities last year.
Libya's domestic disorder is undermining oil production and removing a source of high-quality oil blends for aging European refineries.
European stocks closed higher on Wednesday as investors around the globe cheered strong Chinese export data and a U.S. debt deal.
French oil company Total posted a 19 percent drop in fourth-quarter adjusted net profit to 2.47 billion euros ($3.38 billion).
Negotiations over the U.S. debt ceiling are still one of the biggest risks facing the world, according to Yahoo CEO Marissa Mayer.
Crude oil futures tumbled, on signals that output from Libya may be starting to recover and concerns over debt in China.
Crude oil futures slipped in light volume, as traders booked profits after three days of gains ahead of Christmas.
*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
BRASILIA/ BEIJING, Nov 13- Brazil's state-run oil company Petrobras has struck a deal to sell its Peruvian oil and gas assets to PetroChina, China's top oil and gas firm, and its parent China National Petroleum Corp for $2.6 billion. "The three target blocks are all quality oil properties in Peru with achievable profit potential," PetroChina added.
NEW YORK, Nov 12- Fund manager Jonathan Ingram doesn't hew to the same rules that other stock pickers follow. He doesn't build intricate spreadsheets that model company value.
LONDON, Nov 12- Brazil is set to become a net oil exporter and top 10 producer from 2015 if it overcomes hurdles to developing its giant offshore discoveries, the West's energy agency said on Tuesday.
LONDON/ HOUSTON, Oct 31- Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders- and at least one of the world's top five petroleum companies fully acquiesced.
*PetroChina, CNOOC, Sinopec invest heavily to boost output. HONG KONG, Oct 29- China's biggest state-owned oil firms, sitting on ageing fields, are scrambling to ramp up crude oil and natural gas production to meet surging domestic demand through a slew of investments that also risk pushing up their costs.
Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?
Due out next week, the third-quarter results for the majors- from Exxon Mobil Corp to BP Plc to Total SA- will be hit by an especially tough quarter for their downstream arms, which refine oil and produce chemicals. "Rising capex will quickly undermine the positive arguments that can be made for the sector," Deutsche Bank analysts wrote.
European shares closed lower on Monday as tensions over Syria and monetary policy continued to dominate the agenda.
According to the French oil and gas company, Total, the decision has nothing to do with tax avoidance but to be closer to the City of London where oil is traded. Stephane Pedrazzi has more from Paris.