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Dec 4 (Reuters) - The Church of England said it was in the process of filing shareholder resolutions on climate change at BP Plc and Royal Dutch Shell Plc. "The resolution is intended to challenge the companies to run their businesses so that they participate constructively in the transiti
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Cyclical sectors such as mining and oil were the worst performers of the day on Thursday as the wider stock market weakened in the absence of stimulus measures from the European Central Bank (ECB). The ECB held off from making a move at its meeting, saying instead that it would look at injecting sti
Read more* Norwegian pipeline gas exports total 334 mcm/day * Deliveries to Britain surge to 130 mcm/day OSLO, Dec 4 (Reuters) - Natural gas exports from Norway, Western Europe's top supplier, rose on Thursday on a surge in flows to Britain, partly offset by a drop to Germany, data from gas syste
Read more* Vote still needs to clear plenary session * Canada has lobbied for years against labelling plan (Adds industry reaction) By Barbara Lewis BRUSSELS, Dec 3 (Reuters) - Europe moved a step back towards a plan to stigmatise Canada's tar sands as highly polluting on Wednesday, de
Read more* Vote still needs to clear plenary session * Canada has lobbied for years against labelling plan By Barbara Lewis BRUSSELS, Dec 3 (Reuters) - Europe moved a small step back towards a plan to stigmatise Canada's tar sands as highly polluting on Wednesday, despite years of Ottawa
Read more(Adds details, background, tax expert comment) By Karolin Schaps LONDON, Dec 3 (Reuters) - Britain will trim a supplementary tax on oil companies by 2 percentage points next year, the finance minister announced, less than the cut sought by the industry as it grapples with high costs a
Read moreLONDON, Dec 3 (Reuters) - Britain's finance minister George Osborne has announced an immediate cut in the supplementary tax charge on oil companies to help the industry cope with a steep drop in oil prices. The supplementary charge will be reduced to 30 percent from 32 percent, helping prod
Read moreLarge European oil companies will face a "material squeeze" on cash flows and earnings in 2015 after the recent plunge in Brent crude to below $70 a barrel (bbl), according to analysts at Barclays. Madrid-listed Repsol and London-listed Royal Dutch Shell are the best positioned in the current enviro
Read more* Norwegian pipeline gas exports total 334 mcm/day * Deliveries to Britain steady at 110 mcm/day OSLO, Dec 3 (Reuters) - Natural gas exports from Norway, Western Europe's top gas supplier, eased slightly to Germany on Wednesday, but were steady to Britain compared to the previous day's a
Read moreThe share prices of BP and Royal Dutch Shell surged on Tuesday afternoon on the back of market chatter that the two oil majors could be looking to merge. BP, the smaller of the two with a market capitalisation of £79bn, was up 4.6%, while Shell, which is valued at around £211bn, jumped 3.8%. Market
Read more(Adds BP no comment, context on oil sector shares) LONDON, Dec 2 (Reuters) - Shares of UK energy major BP rose more than 3 percent on Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell and BP declined to commen
Read moreLONDON, Dec 2 (Reuters) - Shares of UK energy major BP rose more than 3 percent Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell declined to comment, while BP was unavailable for comment. "BP shares have rall
Read moreBRUSSELS, Dec 2 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS None EXTENSIONS AND OTHER CHANGES -- Mondelez International Inc and competitor
Read more* Norwegian pipeline gas exports at 338 mcm/day * Troll field output to be reduced from Weds OSLO, Dec 2 (Reuters) - Norway raised gas output on Tuesday sending more to continental Europe, where demand rose due to falling temperatures, data from gas system operator Gassco showed. Tot
Read moreFalling oil prices and downbeat manufacturing data in continental Europe sent London shares into reverse on Monday. The price of a barrel of Brent crude leaked more than 10% and US light crude was off 11% just after the close in London as Middle East and US oil chiefs continued their stand-off over
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