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* Most big oil, gas extraction projects bust their budgets * Scale and complexity of projects outgrowing biggest oil firms * Collaboration among oil firms needed, but bureaucracy unwieldy * Companies abandoning or selling some high-risk, costly projects By Dmitry Zhdanniko
Read moreDAVOS, Switzerland, Jan 22 (Reuters) - Iranian President Hasan Rouhani will address a panel of top global oil executives on Thursday as the Islamic Republic steps up efforts to win back investments from oil companies as part of its rapprochement with the West. Rouhani will give a short spee
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Oil exploration outfit Hurricane Energy announced its intention to list on the AIM market as part of a two-stage process to raise 49.4m pounds, with the ticker symbol HUR. Over the coming year the company was planning to focus on drilling and testing a horizontal appraisal well on its Lancaster bas
Read moreLONDON, Jan 22 (Reuters) - North Sea-focused oil firm Hurricane Energy announced plans to float on London's junior AIM market in February, in an initial public offering (IPO) which will value the company at around 272 million pounds ($447.8 million). The company said it would raise around 1
Read more* Algeria seeking to draw more investment * Concerns over security, contract terms * 31 new fields on offer in latest round By Hamid Ould Ahmed ALGIERS, Jan 21 (Reuters) - Algeria launched an energy bidding round on Tuesday with 31 fields on offer for companies, as the OPE
Read more* Record 48 firms awarded stakes in mature area licensing round * Some 40 firms apply to explore in Norway's Arctic * First rounds since last year's oil tax hike * Norway's oil output fell to 25-year low in 2013 By Gwladys Fouche and Henrik Stolen SANDEFJORD, Norway,
Read more* Feb WCS trades at $18.00/bbl below WTI * Feb synthetic trades at 90 cents/bbl above WTI CALGARY, Alberta, Jan 17 (Reuters) - Canadian heavy crude prices reached a 5-1/2 month high on Friday, helped by increased demand from refineries in the United States and Canada. Western Ca
Read moreBy Belinda Goldsmith LONDON, Jan 17 (Reuters) - The Church of England pushed back
on Friday from calls to get rid of its investments in companies
extracting or selling fossil fuels, saying it would mean a
financial hit and it was better to use shareholder influence to
pressure change.
LONDON (Alliance News) - BP PLC Friday said a group of senior executives including Lamar McKay, a divisional chief executive and Andy Hopwood divisional chief operating officer bought American Depositary Shares under the company share plan at a price of USD49.200 per share Wednesday.
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- UK retail sales grow fastest since 2004 - Shell issues big profit warning - Insurers gain after data on premiums techMARK 2,851.71 +0.28% FTSE 100 6,832.59 +0.25% FTSE 250 16,197.26 -0.08% Markets were registering moderate gains by Friday lunchtime as investors reacted to a surprise surge in UK
Read more- Shell issues profit warnings, oil stocks fall - UK retail sales, US consumer sentiment data out - FTSE 100 holds near eight-month high techMARK 2,853.35 +0.34% FTSE 100 6,822.56 +0.10% FTSE 250 16,229.98 +0.13% Markets opened more or less flat on Friday morning ahead of a busy day for economic d
Read moreJan 16 (Reuters) - Alaska has signed an agreement with major oil and gas firms to build an 800-mile pipeline to bring natural gas from the state's North Slope to a proposed export plant and on to Asia. The project, expected to cost between $45 billion and $65 billion, would be one of the la
Read moreLONDON, Jan 16 (Reuters) - Gasoline barge cracks in northwest Europe languished at weak levels on Thursday, with lacklustre demand and a stock build in the United States weighing on the motor fuel. "It has not really been moving too much. It seems to have found a top at $5 for February all d
Read moreThe growth in demand for energy across the globe is expected to slow in the coming decades with the increase largely driven by emerging economies, according to BP's Energy Outlook 2035. The report, published on Wednesday, estimates that global energy consumption will expand by 41% between 2012 and
Read moreJan 16 (Reuters) - Alaska has signed an agreement with major oil and gas firms to bring stranded gas reserves to market by building a pipeline to connect with a proposed liquefied natural gas (LNG) terminal. The deal was signed with TransCanada Corp and the three major producers of Alaskan
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