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Vodafone is considering a £6bn takeover of Africa's Maroc Telecom after agreeing to sell its stake in Verizon Wireless, the Mail on Sunday reported. The phone company is also mulling a move for France's SFR using the war chest it will have after returning cash from the Verizon deal to shareholders.
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NEW YORK, Sept 6 (Reuters) - An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts from the 2010 oil spill in the Gulf of Mexico on Friday, but found some of his staff took kickbacks for referrals. BP has sa
Read moreSept 6 (Reuters) - A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral arguments set for the week of Nov. 4, the court said on Friday. BP's settlement with individuals and businesses affected by the 2010 spill
Read moreBy Isabel Coles and Peg Mackey ARBIL, Iraq/LONDON, Sept 6 (Reuters) - Baghdad and foreign oil companies at work in Iraq's giant oilfields are adopting extra security measures in anticipation of retaliatory attacks if the United States strikes neighbouring Syria, industry sources said on Fri
Read more* Oil and gas output has plunged by two thirds since 2000 * Norway has had tax-based exploration incentive since 2005 * Review led by Ian Wood has scope to promote collaboration By Sarah Young ABERDEEN, Scotland, Sept 6 (Reuters) - Norwegian-style tax breaks for exploratio
Read more* SOCAR eyes Rosneft projects in north and east of Russia * Azerbaijan has tried to stabilise oil production * Putin failed to clinch concrete deal in Baku last month By Francesco Guarascio BAKU, Sept 6 (Reuters) - Azeri state energy company SOCAR, faced with falling oil o
Read more* Oil investment growth slows sharply * Onshore investments seen hurting most * Ultra-deepwater segment seen best placed for growth By Henrik Stolen, Gwladys Fouche and Balazs Koranyi OSLO, Sept 5 (Reuters) - Oil and gas firms are cutting back on investments to try and imp
Read moreBy Oleg Vukmanovic LONDON, Sept 5 (Reuters) - Angola's new liquefied natural gas (LNG) plant has pushed back the start of a 53-day maintenance period to mid-September after engineers discovered small gas leaks in onshore pipelines last month, sources linked to the project said. The $1
Read moreBAKU, Sept 5 (Reuters) - Azerbaijan still sees a future for the Nabucco pipeline, even after picking a rival project to carry gas to Europe, as it expects to keep increasing output and exports of gas, its energy and industry minister said on Thursday. In June, the partners in major Azeri ga
Read moreHigh Street department store Marks & Spencer surged today after HSBC upgraded the stock from 'neutral' to 'overweight', saying it is the most operationally geared among its peers to play on the UK consumer recovery. Hotels group IHG was also a high riser after UBS raised its rating from 'neutral to
Read more* Oil investment growth slows sharply * Onshore investments seen hurting most * Ultra-deepwater segment seen best placed for growth By Henrik Stolen, Gwladys Fouche and Balazs Koranyi OSLO, Sept 5 (Reuters) - Oil and gas firms are cutting back on investments to try and imp
Read moreAfter a strong start for UK stocks, the FTSE 100 pared gains by lunchtime as nervousness set in ahead of a number of risk events that have the potential to spark some volatile moves on financial markets. Risk appetite was also scaled back ahead of the G20 meeting which begins in St Petersburg today
Read moreThe FTSE 100 jumped strongly in early trading on Thursday as investor risk appetite increased ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) later on. The Bank of Japan meeting overnight was "a bit of a non-event", according to Market Analyst Craig Erla
Read moreBAKU, Sept 4 (Reuters) - Azerbaijan expects a rise in its natural gas production from 2020 after the launch of the large Azeri gas project Shah Deniz II, the energy and industry minister said on Wednesday. Natik Aliyev said the energy-rich country would be able to produce 40 billion cubic m
Read more* Crude processing rates to decline by 10 pct in Sept.-Oct. * Refiners to deepen crude run cuts due to weak margins * High oil prices on Mideast troubles to keep lid on profits By Ron Bousso LONDON, Sept 4 (Reuters) - European refineries will cut output by about 10 percent
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