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BAKU, May 26 (Reuters) - A consortium led by BP and the South Caucasus Pipeline Company has awarded a pipeline construction contract worth $735 million to a group of firms to help develop the Shah Deniz II gas project in Azerbaijan which offers Europe a chance to reduce reliance on Russian gas.Read more
ST PETERSBURG, Russia, May 24 (Reuters) - BP chief executive Bob Dudley welcomed a call by President Vladimir Putin on Saturday for investment in Russia's shale projects. Dudley spoke after Putin urged oil and gas executives at the St Petersburg International Economic Forum to continue busi
Read more(Adds details, background) ST PETERSBURG, Russia, May 24 (Reuters) - Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions on Moscow. Rosneft chi
Read moreST PETERSBURG, Russia, May 24 (Reuters) - Rosneft and BP have signed an agreement to jointly explore for hard-to-recover oil in the Volga-Urals region of central Russia, the state-run Russian oil company said on Saturday. Rosneft will get 51 percent in a joint venture which will explore th
Read moreST PETERSBURG, Russia, May 24 (Reuters) - Russian Economy Minister Alexei Ulyukayev said on Saturday that proceeds from the state selling a stake in the country's largest oil producer should go to the federal budget and not to the energy holding Rosneftegaz. Russia is considering bringing f
Read moreST PETERSBURG, Russia, May 24 (Reuters) - Sanctions imposed on the chief executive of Rosneft over the Ukraine crisis have not impacted BP's business with the Russian oil producer, Interfax news agency quoted BP chief executive Bob Dudley as saying on Saturday. Reiterating that BP stands by
Read more(Repeats with no changes to text) * Focus on oil, politics, subsidised gas slowed development * Region holds 30 pct of world's gas reserves * Gas shortage a problem for power generation By Rania El Gamal and Sylvia Westall DUBAI/KUWAIT, May 22 (Reuters) - In the spac
Read moreWASHINGTON, May 22 (Reuters) - The U.S. derivatives watchdog asked on Thursday for more industry comments on a proposed rule to curb speculators in commodity futures markets. Commodity Futures Trading Commission acting Chairman Mark Wetjen said reopening the comment period was designed to e
Read more* Focus on oil, politics, subsidised gas slowed development * Region holds 30 pct of world's gas reserves * Gas shortage a problem for power generation By Rania El Gamal and Sylvia Westall DUBAI/KUWAIT, May 22 (Reuters) - In the space of just 72 hours last week core OPEC o
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LONDON (Alliance News) - Royal Mail shares have fallen sharply after the company warned of increased competition in the parcels market and a big potential hit from rival TNT's plans to expand its own letter delivery service to more UK cities.
Equity markets in the U
LONDON (Alliance News) - The following is a summary of top news stories Thursday.
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COMPANIES
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Royal Mail PLC dropped to the bottom of the FTSE 100 after the company reported a full-year performance in line with expectati
(Adds engineer quotes, impact on shipping markets from paragraph 5) By Oleg Vukmanovic MILAN, May 22 (Reuters) - Angola's new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet for at least a couple of months after a major rupture on a flare line cr
Read moreMILAN, May 22 (Reuters) - Angola's new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet for at least a couple of months after a major rupture on a flare line crippled output at the $10 billion plant last month. The project partners led by U.S. oil major
Read moreLONDON (Alliance News) - UK shares have opened higher across the board Thursday, after latest indications from US Federal Reserve policy makers left little concern about an imminent rate increase.
A flurry of IPO plans were confirmed early Thursday, led by property site Zoop
Google is amassing an overseas war chest to help it to make foreign purchases worth up to 30bn dollars. Or, at least, that is what it has told regulators. In a filing to the Securities and Exchange Commission, the internet giant defended its decision to hoard so much cash overseas, out of the reach
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