LONDON MARKET OPEN: Stocks Fall After Rally; OPEC Boosts Oil Majors
LONDON MARKET OPEN: Stocks Fall After Rally; OPEC Boosts Oil Majors

LONDON MARKET OPEN: Stocks Fall After Rally; OPEC Boosts Oil Majors
* State gives up direct control in Rosneft* Indirectly it still owns over 50% -lawyer* Can continue developing offshore, maintain dividendsBy Daphne Psaledakis, Vladimir Soldatkin and Olesya AstakhovaWASHINGTON/MOSCOW, June 7 (Reuters) - Russia lowe...
(Updates with Cristobal now a tropical storm, adds Murphy Oil, other company evacuations, background.)HOUSTON, June 5 (Reuters) - Norwegian state-oil company Equinor ASA said on Friday it was shutting in production on its Titan platform in the Gul...
(Recasts, adds gasoline futures rising)HOUSTON, June 5 (Reuters) - Energy companies on Friday evacuated 10% of production platforms and shut nearly 30% of offshore oil output, pushing gasoline prices higher, as Tropical Storm Cristobal entered the...
Premier Oil Revises BP Asset Deal And Settles Dispute With Creditor
* Hammerson best weekly performer, marks record weekly gain* Travel stocks surge on report of easing quarantine measures* FTSE 100 up 6.7% for the week, FTSE 250 adds nearly 7% (Adds details, graphic, updates to close)By Ambar WarrickJune 5 (Reuter...
* BP agreed to make part of payment contingent on oil price rise* BP agreed to pay higher share of abandonment costs* Premier needs fresh permission to extend debt maturities* ARCM to reduce short position with new shares (Adds details on new price...
LONDON, June 5 (Reuters) - Premier Oil will issue discounted shares to activist hedge fund ARCM representing 8.91% of the company to pay for North Sea assets from BP, which agreed to reduce the price, Premier said on Friday.ARCM, which owns around...
(Adds background on Gulf production, impact on gasoline prices)HOUSTON, June 4 (Reuters) - Royal Dutch Shell Plc and Murphy Oil Corp began evacuating non-essential workers from the U.S. Gulf of Mexico on Thursday because of the threat from Tropica...
BAKU, June 4 (Reuters) - BP has turned over rights to operate the South Caucasus Pipeline (SCP), part of the network that is due to start carrying gas from Azerbaijan to Europe this year, to a unit of Azeri state energy firm SOCAR, the groups sai...
* Aston Martin tumbles on plan to cut jobs* Financials among top drags on the FTSE 100* Resource stocks pressured by weak commodity prices (Adds details, updates to close)By Ambar WarrickJune 4 (Reuters) - UK shares hit their highest in nearly thre...
MOSCOW, June 3 (Reuters) - Russian largest oil producer Rosneft said on Wednesday that the head of BP, Bernard Looney, has been approved as member of its board of directors by the annual meeting of shareholders.Robert Dudley, Looney's predecessor,...
By Stephen Jewkes and Ron BoussoMILAN/LONDON, June 3 (Reuters) - Italian oil major Eni is planning to create a division to focus on new energy solutions which could be headed by its CFO, as it steps up preparations for a decarbonised future, two s...
* HSBC biggest boost to the FTSE 100* FTSE 100 about 17% below January record high* Defence contractor Chemring soars after winning U.S. orders (Adds details, updates to close)By Ambar WarrickJune 3 (Reuters) - UK shares closed at three-month highs...
HOUSTON, June 2 (Reuters) - U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.Royal Dutch Shell Plc, BP Plc, Chevron Co...