Oil major Statoil swung to a first quarter net loss on a writedown in the value of its U.S. shale business.» Read More
*Pleased with current ConocoPhillips partnership. CALGARY, Alberta, Oct 2- Total SA is content with the pace of developing its Canadian oil sands assets even as Suncor Energy Inc, its joint venture partner, said it was in no rush to bring a host of multibillion-dollar projects on line, an executive said on Tuesday.
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."
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. "
OSLO, Oct 2- Norway's Statoil has dropped plans to expand its Snoehvit natural gas field in the Arctic due to insufficient reserves, raising the chance it will back the building of a pipeline that could also benefit rivals.
OSLO, Oct 2- Statoil called off the long anticipated expansion of its Snoehvit natural gas facility in Norway's Arctic Barents Sea on Tuesday, saying there was not enough gas in place for now. "The license have concluded that the current gas discoveries do not provide a sufficient basis for further capacity expansion," Statoil said in a statement. "
*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.
--In conjunction with proceeds from Cheniere Energy Partners L.P.' s recent equity offering, SPLNG is redeeming its $550 million in 2013 notes.
OSLO, Oct 1- France's Total expects to start production at the Atla gas and condensate field in the North Sea this week, a spokesman said on Monday. There are still some issues to be solved at the host platform, "said Total spokesman Leif Harald Halvorsen.
*Norway expects total gas output at 334.2 mcm/day in Oct. LONDON, Oct 1- British prompt gas prices fell on Monday morning, shrugging off a temporary halt in flows from Norway through the Langeled pipeline as wider supply-demand fundamentals sapped trading sentiment.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.
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