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Oil major BP has launched production from the Kinnoull field in the central North Sea, which is expected to produce more than 50,000 barrels of oil a day. 90% of the project's investment occurred in the UK, creating employment at its peak for over 1,000 people. Production is now carried from the Ki
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LONDON, Dec 30 (Reuters) - BP has started producing oil from its Kinnoull field in the central North Sea, the oil major said on Tuesday, bringing on stream a new field that feeds into BP's existing Andrew platform off the coast of Scotland. Oil and gas produced at Andrew and Kinnoull is exp
Read moreMOSCOW, Dec 29 (Reuters) - Russia's Rosneft said on Monday it had agreed to create a joint venture with Petrocas in logistics and retail sales in the Caucasus. Rosneft, Russia's largest oil producer, also said in a statement it had agreed to buy a 49 percent stake in Petrocas Energy Limited
Read moreMUMBAI, Dec 24 (Reuters) - Reliance Industries Ltd and its partners have relinquished an oil and gas block off India's east coast due to access restrictions and uncertainty over long-term natural gas pricing, one of the company's joint-venture partners Hardy Oil and Gas said on Wednesday.
Read moreThe UK stock market looked set to record its seventh straight day in positive territory on Christmas Eve, with just an hour to go before the end of a shortened session. The FTSE 100 was up just 0.1% at 6,603 by midday, trading within a narrow range as investors refrained from taking on too much risk
Read moreUK stocks posted their seventh straight day of gains on Wednesday, though upside was modest with markets winding down on a shortened Christmas Eve session. London's FTSE 100 was up 0.1% at 6,608 early on, having finished Tuesday at a two-week closing high of 6,598.18. With very few catalysts expect
Read moreLONDON, Dec 24 (Reuters) - Oil major BP Plc is close to a deal with its Russian partner, state oil company Rosneft , for a new project that would expand its commitments in Russia despite Western sanctions, Kommersant business daily reported on Wednesday. The daily cited unnamed sources as s
Read moreUK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States. Third-quarter US annualised gross domestic product (GDP) growth was revised to 5% from an initial estimate of 3.9%, representing the strongest
Read moreAccording to Alexis Kudrin, Moscow's former finance minister and a key ally of president Vladimir Putin, Russia is heading for a "full-blown economic crisis", writes The Times. He said that the turmoil could trigger a wave of corporate defaults across the country and urged the Kremlin to start negot
Read more* U.S. regulators refused to clear deal, says Rosneft * Morgan Stanley says will consider a variety of options * Deal valued by sources at $300 mln to $400 mln * Rosneft shares closed up 2.5 percent (Writes through, adds portfolio manager comment) By Vladimir SoldatkinRead more
* Small firms dominate North Sea exploration * Oil price fall to curb investment, tax receipts * Mergers could help create more robust businesses By Karolin Schaps LONDON, Dec 22 (Reuters) - Plunging oil prices have increased the strain on the many small energy firms opera
Read more(Adds details on oil exports) BAKU, Dec 22 (Reuters) - Crude oil and condensate production in Azerbaijan fell to 38.4 million tonnes in the first 11 months of the year from 39.5 million tonnes in the same period last year, a source at the State Statistics Committee said. Falling output at
Read moreUK stocks were set to hit a two-week high on Monday as the 'Santa Rally' continued into its fifth straight day, with energy shares providing a boost on a continued rebound in crude prices. London's FTSE 100 was up 0.8% at 6,597 by around midday. It has not closed above this mark since 8 December. "
Read more* Scarborough floating LNG project seen at risk * Planned LNG projects hurt by near-50 pct fall in Asia LNG prices * Australia's plan to become top LNG exporter still on track By Sonali Paul and Henning Gloystein MELBOURNE/SINGAPORE, Dec 22 (Reuters) - Planned Australian l
Read moreUK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.
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