(Adds details throughout, background) By Chijioke Ohuocha LAGOS, June 19 (Reuters) - Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country int
Read moreBy Chijioke Ohuocha LAGOS, June 19 (Reuters) - Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the conti
Read moreST PETERSBURG, Russia, June 19 (Reuters) - Chief Executive with Rosneft, the world's top listed oil company by output, Igor Sechin, said on Friday that the acquisition of BG Group by Royal Dutch Shell showed that Britain's liquefied natural gas (LNG) market was strong. Shell plans to buy it
Read moreRBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform' and raised the price target to 2,250p from 2,125p. It noted that Shell is now the biggest underperformer in the sector year to date, and down 16% since announcing the BG Group acquisition in April, to levels not see
Read more* European Commission says seeking to diversify supplies * Says Russia's existing pipeline capacity underused (Adds context, detail) BRUSSELS, June 19 (Reuters) - A planned expansion of the Nord Stream pipeline that delivers Russian gas to Germany must comply with EU laws, the Europ
Read moreRBC Capital Markets downgraded BP to' sector perform' from 'outperform' and kept the price target at 500p, following the stock's significant outperformance versus its closest peer Royal Dutch Shell. "We continue to see potential upside to BP's cost reduction potential, but feel the risk reward oppor
Read moreBRUSSELS, June 19 (Reuters) - A planned expansion of the Nord Stream pipeline that delivers Russian gas straight to Germany must comply with EU laws, the European Commission said on Friday in its first response to news of the project. In a statement, the Commission said it took note of Thur
Read moreFRANKFURT, June 19 (Reuters) - BASF's oil and gas subsidiary Wintershall is in talks about joining an expansion plan for Gazprom's Baltic Sea gas pipeline called Nord Stream, a spokesman said on Friday. "We are in discussions about joining for a further two lines of the Baltic Sea pipeline,
Read more(Adds E.ON comments, background) By Dmitry Zhdannikov and Denis Pinchuk ST PETERSBURG, Russia, June 18 (Reuters) - Russian gas giant Gazprom has agreed to build a new pipeline to Germany under the Baltic Sea with a trio of Western energy companies, bringing Europe closer into Moscow's
Read moreST PETERSBURG, Russia, June 18 (Reuters) - Royal Dutch Shell's chief executive officer, Ben van Beurden, said on Thursday the $70 billion acquisition of British rival BG Group is on track and fits into Shell's plans to increase the share of natural gas in its portfolio. U.S. regulators this
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