(ShareCast News) - Fitch Ratings has downgraded Royal Dutch Shell's long-term Issuer Default Rating (LT IDR) to 'AA-' from 'AA' with a 'Negative' outlook. In a note to clients following the close of trading on Thursday, the rating agency said, "Shell's one-notch downgrade follows our re-assessment o
Read more* New fields to add 3 mln bpd of oil in 2016 - Rystad * More than $220 bln of projects scrapped since 2014 * New production to delay market rebalancing By Ron Bousso LONDON, Feb 18 (Reuters) - As oil firms scrap dozens of billions worth of mega projects essential for suppl
Read more(Repeats report first published on Tuesday) * Investment may take time to recover for West Africa projects * High costs of offshore fields make fields uneconomic * Could have lasting impact on fragile economies By Edward McAllister DAKAR, Feb 16 (Reuters) - Oil firms
Read more* Investment may take time to recover for West Africa projects * High costs of offshore fields make fields uneconomic * Could have lasting impact on fragile economies By Edward McAllister DAKAR, Feb 16 (Reuters) - Oil firms have put major projects in West Africa on hold be
Read moreLONDON, Feb 16 (Reuters) - Shell has closed units at its 195,000 barrel per day (bpd) Godorf refinery in Germany for two weeks of maintenance work, according to a statement on the refinery's website. The shutdown began on Feb. 11 for cleaning works, and will last until Feb. 23, the statemen
Read moreSAO PAULO, Feb 16 (Reuters) - Brazilian oil and gas company Petro Rio SA said on Tuesday that Royal Dutch Shell had cancelled an agreement to sell offshore assets in the Campos Basin for an undisclosed sum. Europe's largest oil company, which gained approval last month to take over BG Grou
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