RDSA.L Share News (RDSA)

Norway's sovereign wealth fund to vote in favour of BG-Shell merger

OSLO, Jan 20 (Reuters) - Norway's $790 billion sovereign wealth fund, the world's largest, will vote in favour of the merger of energy companies Royal Dutch Shell and BG , it said on Wednesday. "Norges Bank Investment Management considers that the transaction accelerates value for BG Group

LONDON MARKET OPEN: Equities Fall As Oil Market Glut Seen Worsening

BUZZ-Energy companies drag on the Stoxx as oil heads to new lows

** Shares in oil and oilfied services companies at the bottom of the Stoxx 600 as oil heads towards $27 ** Stoxx 600 Oil and Gas Index down 3.3 pct, oilfield services cos battered ** Seadrill bottom of the Stoxx, down 12 pct; Technip, Amec Foster, Subsea, Saipem, Petrofac down 4.2-5 p

BG Group Earnings Plummet In 2015 But Results Meet Expectations

Shell expects BG acquisition to close within weeks

LONDON, Jan 20 (Reuters) - One of the world's largest oil companies, Royal Dutch Shell, expects its roughly $49 billion takeover of rival BG Group to conclude in "a matter of weeks", it said on Wednesday. The oil major, updating the market one week ahead of a shareholder meeting to vote on

Shell Earnings Halve In 2015 But Company Commits To Dividend For 2016

BG Group beats 2015 production target

LONDON, Jan 20 (Reuters) - Britain's BG Group, which is close to concluding a takeover from rival energy company Shell, beat 2015 production targets due to a ramp-up from fields in Australia, Brazil and Norway, it said on Wednesday. The company also said it had booked a $700 million impairm

London pre-open: Stocks seen lower on weak Asian cues as oil slides

(ShareCast News) - London stocks are expected to open lower on Wednesday, taking their cue from a downbeat session in Asia amid sliding oil prices. The FTSE 100 is seen starting 125 points lower than Tuesday's close at 5,751. "This morning we'll get the latest labour market data from the UK and o

Shell sees full year earnings in range of $10.4-10.7bn

(ShareCast News) - Shell said it expected full year 2015 earnings on a current cost of supplies basis excluding identified items to be in the $10.4bn (£7.3bn) - $10.7bn range. In a trading update, the company said capital investment last year is expected to be 20% lower at $29bn as a result of effic

Shell JV Deer Park refinery shutting coker for work -sources

HOUSTON, Jan 19 (Reuters) - Royal Dutch Shell Plc's 316,600 barrel per day (bpd) joint-venture refinery in Deer Park, Texas, was shutting the 92,000 bpd delayed coking unit on Tuesday for a planned overhaul, sources familiar with plant operations said. The Deer Park plant shut the refinery

Italy's constitutional court gives green light to referendum on drilling

MILAN, Jan 19 (Reuters) - Italy's constitutional court gave the green light on Tuesday to a national referendum on the duration of oil and gas drilling concessions in the country, muddying the waters for companies operating in the sector. The referendum was requested by some regional govern

UPDATE 1-Norway awards 56 oil and gas licences in mature areas

* 36 companies awarded stakes to explore in mature areas * Strong interest in Norwegian Sea * Next licence round in mature areas to be announced before Easter (Recasts, adds quotes, details) SANDEFJORD, Norway Jan 19 (Reuters) - Norway's oil ministry awarded 56 oil and gas exp

Tuesday broker round-up

(ShareCast News) - Royal Dutch Shell: Cannacord Genuity lowers target from 1,775p to 1,550p and reiterates hold. Burberry Group: Liberum reiterates sell with a 925p target; RBC reiterates neutral yet trims target from 1,300p to 1,275p; UBS up target from 1,400p to 1,500p staying at buy. Tullow Oil:

UPDATE 1-Iraq wants foreign oil firms to cut development spending - minister

(Adds details on service agreements) BAGHDAD, Jan 19 (Reuters) - Iraq wants foreign oil companies to cut spending as the nation seeks to narrow a budget gap caused by lower crude prices, oil minister Adel Abdul Mahdi said in a statement on Tuesday. "The ministry is discussing reducing

Iraq wants foreign oil firms to cut development spending, oil minister says

BAGHDAD, Jan 19 (Reuters) - Iraq wants foreign oil companies to cut spending as the nation seeks to narrow a budget gap caused by lower crude prices, oil minister Adel Abdul Mahdi said in a statement on Tuesday. "The ministry is discussing reducing financial spending by foreign companies,"