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Shell registered losses as the price of Brent crude dropped to its lowest in five years. Brent touched a low of $66.77 on Monday, its worst intraday level since October 2009. Morgan Stanley lowered its forecast for the average price of Brent oil in 2015 to $70 from $98, expecting it to trough in the
8 Dec 14 14:29Weak global economic data and a bout of profit taking following last week's strong US jobs report saw UK stocks decline on Monday. London's equity market reached a two-week high on Friday, while Wall Street indices reached new records after the news that the US economy added 321,000 jobs in November
8 Dec 14 12:16* Plans to invest $80 bln over next five years * Says will drill 125 wells a year * Algeria has struggled to attract foreign investment * No detail on incentives for potential partners (Adds details from state news agency) By Hamid Ould Ahmed and Lamine Chikhi ALGI
7 Dec 14 18:33* Plans to invest $80 bln over next five years * Says will drill 125 wells a year * Algeria has struggled to attract foreign investment * No detail on incentives for potential partners (Adds detail, context, hydrocarbons agency and Repsol comment) By Hamid Ould Ahmed and
7 Dec 14 15:46Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
5 Dec 14 09:48Dec 4 (Reuters) - The Church of England said it was in the process of filing shareholder resolutions on climate change at BP Plc and Royal Dutch Shell Plc. "The resolution is intended to challenge the companies to run their businesses so that they participate constructively in the transiti
4 Dec 14 23:12* Panic fuel buying hits capital Libreville * Union says Total, Shell oil production affected * Strike began on Monday night over jobs, benefits (Adds detail on production, reasons for the strike) By Gerauds Obangome LIBREVILLE, Dec 3 (Reuters) - Top international oil pr
3 Dec 14 20:20* Environmentalists say one of worst spills for years * Shell says some 3,800 barrels, blames oil thieves * Niger Delta suffers frequent spills By Tife Owolabi BONNY ISLAND, Nigeria, Dec 3 (Reuters) - Niger Delta fishermen are no strangers to seeing oil spill into their wa
3 Dec 14 18:31* Vote still needs to clear plenary session * Canada has lobbied for years against labelling plan (Adds industry reaction) By Barbara Lewis BRUSSELS, Dec 3 (Reuters) - Europe moved a step back towards a plan to stigmatise Canada's tar sands as highly polluting on Wednesday, de
3 Dec 14 17:23* Vote still needs to clear plenary session * Canada has lobbied for years against labelling plan By Barbara Lewis BRUSSELS, Dec 3 (Reuters) - Europe moved a small step back towards a plan to stigmatise Canada's tar sands as highly polluting on Wednesday, despite years of Ottawa
3 Dec 14 16:08(Adds details, background, tax expert comment) By Karolin Schaps LONDON, Dec 3 (Reuters) - Britain will trim a supplementary tax on oil companies by 2 percentage points next year, the finance minister announced, less than the cut sought by the industry as it grapples with high costs a
3 Dec 14 15:55OSLO, Dec 3 (Reuters) - Norway's Nyhamna gas plant, which processes natural gas from Royal Dutch Shell's giant Ormen Lange field offshore Norway, was shut on Wednesday due to technical problems, the company told the Nordic power exchange. Power consumption at the plant was to be ramped up a
3 Dec 14 15:32LONDON, Dec 3 (Reuters) - Britain's finance minister George Osborne has announced an immediate cut in the supplementary tax charge on oil companies to help the industry cope with a steep drop in oil prices. The supplementary charge will be reduced to 30 percent from 32 percent, helping prod
3 Dec 14 13:27* Panic fuel buying hits capital Libreville * Union sources say oil production starts to fall (Adds comment, oil output disruption) LIBREVILLE/DAKAR, Dec 3 (Reuters) - Gabon's sole oil refinery, the 21,000 barrel a day Sogara plant, has been forced to halt output as an industry-wide
3 Dec 14 13:21LONDON, Dec 3 (Reuters) - Shell reopened its Nigerian 28-inch TNP Bonny Light crude oil pipeline after an investigation due to a leak, a spokeswoman for the company said on Wednesday. The 24-inch pipeline, the source of crude spill, remains closed, the spokeswoman said. "The joint inv
3 Dec 14 12:01
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