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LONDON, 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
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Large 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
Read more* Crude's fall to 5-yr low seen as "tax cut" for consumer * Oil falls tends to fuel global equity market gains * Worries include knock-on effects on energy sector By Lionel Laurent and Blaise Robinson LONDON, Dec 1 (Reuters) - Despite hundreds of billions of dollars wiped
Read more* Norwegian pipeline gas exports at 325 mcm/day * Deliveries to Britain rise to 110 mcm/day OSLO, Dec 1 (Reuters) - Norway was expected to deliver 110 million cubic metres (mcm) to Britain on Monday, while flows were seen to fall, data from gas system operator Gassco showed. Britain
Read more* Main opposition party not far behind in vote * Government must deal with shrinking economy, investors * Country has some of world's largest mineral deposits (Adds analyst comment, background on mining) By Sabina Zawadzki COPENHAGEN, Nov 29 (Reuters) - Greenland's rulin
Read moreCOPENHAGEN, Nov 29 (Reuters) - Greenland's ruling Siumut Party retained a slim majority in a snap election called after an expenses scandal, according to results issued early on Saturday, but its new leader Kim Kielsen will need to build a coalition to form a government. Siumut, which has f
Read more(Adds background and details) CAIRO, Nov 28 (Reuters) - HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the banks said on Frid
Read moreCAIRO, Nov 28 (Reuters) - HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the three banks said on Friday. Each bank in the win
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