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RPT-UPDATE 1-Exxon, Shell's spending patterns may help them through oil price drop

(Repeats March 10 story with no change to text) * Two biggest oil firms have finished major projects * Exxon, Shell able to cut 2015 spending * All oil majors face 2015 negative cashflow * Set to increase borrowing easily to cover shortfalls By Ron Bousso and Dmitry

UPDATE 1-Exxon, Shell's spending patterns may help them through oil price drop

* Two biggest oil firms have finished major projects * Exxon, Shell able to cut 2015 spending * All oil majors face 2015 negative cashflow * Set to increase borrowing easily to cover shortfalls (Adds link to graphic) By Ron Bousso and Dmitry Zhdannikov LONDON, Marc

MARKET COMMENT: London Resources Stocks Plunge On Weak Commodities

London close: FTSE plunges 2.5% to seven-week low as commodity stocks tank

A stronger US dollar and falling commodity prices led to a rout in the heavyweight energy and mining sectors on Tuesday, pushing the FTSE 100 down 2.5% to its lowest level in seven weeks. The Footsie ended the day down 173.63 points at 6,702.84, with ongoing concerns about Greece further weighing on

Exxon, Shell's spending patterns may help them through oil price drop

* Two biggest oil firms have finished major projects * Exxon, Shell able to cut 2015 spending * All oil majors face 2015 negative cashflow * Set to increase borrowing easily to cover shortfalls By Ron Bousso and Dmitry Zhdannikov LONDON, March 10 (Reuters) - The worl

Sector movers: Energy stocks hammered as crude falls, risk appetite declines

Every sector on London's stock market was either flat or trading in the red on Tuesday afternoon, with energy stocks bearing the brunt of the sell-off as risk appetite collapsed. "Rising share prices are few and far between on the FTSE 100 this afternoon, thanks to a heady cocktail of worries that h

North Sea's Hound Point VLCC jetty to shut for maintenance in May-BP

LONDON, March 10 (Reuters) - Hound Point's Jetty 1 in the North Sea will close for maintenance from May 6 to June 8, a spokeswoman for the operator BP said on Tuesday, preventing VLCC loadings. Hound Point's Jetty 1 is the key loading berth for very large crude carriers (VLCCs) departing wi

UK WINNERS & LOSERS: Oil Stocks, Gold Miners Hit By Price Weakness

UPDATE 1-Kuwait plans 2015 tender for oil service deals

(Adds quotes, details) By Rania El Gamal and Reem Shamseddine MANAMA, March 9 (Reuters) - Kuwait Oil Company (KOC) plans to tender this year for oilfield enhanced technical service agreements, the chief executive of the state-run company said on Monday. "We are in the process of

Azerbaijan's SOCAR seeks company to check feasibility of Albania gas project

BAKU, March 9 (Reuters) - Azerbaijan state energy company SOCAR plans to announce a tender to find a company to conduct a feasibility study on Albania's gas infrastructure plan as part of European efforts to reduce dependence on gas from Russia. Albania and Azerbaijan signed a preliminary a

BP Makes 2nd Gas Discovery In Damietta Offshore Concession In Egypt

BP makes second gas discovery in Egypt

Oil and gas giant BP has made a second gas discovery in his offshore site in the East Nile Delta in Egypt. The group said drilling on the Atoll 1 deep water exploration well has reached 6,400 metres depth, after penetrating over 50 metres of gas pay in high-quality oligocene sandstones, and will be

Kuwait says to issue tender in 2015 for enhanced oil service deals

MANAMA, March 9 (Reuters) - Kuwait Oil Company (KOC) plans to issue a tender this year for oilfield enhanced service agreements open to competition by international oil companies, chief executive Hashem Hashem said on Monday. In remarks to reporters at a conference in Bahrain, Hashem added

BP makes second deepwater gas find off Egypt

LONDON, March 9 (Reuters) - BP has made a second large gas discovery off Egypt as part of a concession estimated to contain more than 5 trillion cubic feet, the energy company announced on Monday. BP Egypt's Atoll-1 is a deepwater exploration well located around 80 kilometres north of Egypt

Traders cash out on tanker-stored oil as prices rise

* Oil price recovery, flattening contango trigger storage sales * Sales focus on oil stored on tankers * Prices could come under pressure as stored oil adds to glut By Florence Tan SINGAPORE, March 9 (Reuters) - Traders who have been storing oil since the start of the year