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(Recasts lead, adds detail, background) By Yuka Obayashi and Rania El Gamal TOKYO/ABU DHABI, April 27 (Reuters) - Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi, joining France's Total in developing the United
Read moreApril 26 (Reuters) - The British government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported. British officials have said the government would be "sceptical" about any takeov
Read more-- Source link: (http://on.ft.com/1EtLgyx) -- Note: Reuters has not verified this story and does not vouch for its accuracy
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HSBC could spin off its £20bn UK high street banking interests, the Sunday Times said, reviving the old Midland Bank brand which the group bought in 1992. Having on Friday mentioned it was looking at moving its headquarters overseas, a flotation of its British bank could speed its corporate exit fro
Read more(In 3rd paragraph of April 23 item, corrects to say Shell is set to become 2nd largest oil producer, and that BG purchase agreement is not yet completed) By Anthony Boadle BRASILIA, April 23 (Reuters) - Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras
Read moreOSLO, April 23 (Reuters) - Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday. Shell said 100 of the staff cuts would be at its headquarters in Stavanger
Read more(Adds more quotes, details) By Dmitry Zhdannikov and Silvia Antonioli LAUSANNE, Switzerland, April 22 (Reuters) - Low crude prices will trigger consolidation in the oil industry but a new bull market might arrive much sooner than expected given the huge scale of capital and workforce
Read moreAMSTERDAM, April 21 (Reuters) - Dutch Economy Minister Henk Kamp said on Tuesday that production at the Groningen gas field, Europe's largest, will not exceed 36.4 billion cubic meters (bcm) in 2015. In a letter to parliament, Kamp said previously agreed caps on other clusters in the massiv
Read moreSky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits. Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% j
Read more-- Source link: (http://on.ft.com/1cUZZs2) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more** Proposed tie-up of top LNG producers Shell & BG a likely positive for Ophir Energy whose shares are up 8.1 pct since news of the deal ** Ophir has a focus on east Africa - a significant prospect for export of LNG - says Neil Veitch, manager of the SVM UK Opportunities Fund ** Ophi
Read moreLONDON, April 21 (Reuters) - BG Group said on Tuesday it will adjust some of its financial reporting to better reflect the growing importance of its Brazilian and Australian operations. The gas producer, which is being acquired in a $70 billion takeover deal by Shell, will give more promine
Read moreHOUSTON, April 20 (Reuters) - Mega-mergers are anticipated in the oil industry between integrated oil companies amid the current oil price rout, according to Vagit Alekperov, the president of Lukoil. The recent merger between Royal Dutch Shell Plc and BG Group PLC is likely to be the first of
Read moreCAPE TOWN, April 20 (Reuters) - South Africa's 172,000 barrels per day Sapref refinery, co-owned by BP and Shell , shut down from Monday to mid-June for planned maintenance which was brought forward by a week after a pipeline fire, a spokeswoman said. On Friday night an official at the coun
Read moreAMSTERDAM, April 20 (Reuters) - The estimated cost to reinforce more than 150,000 Dutch homes to withstand earthquakes caused by extracting gas in the massive Groningen field was increased to at least 30 billion euros ($32 billion), the province said on Monday. Gas extraction at the field,
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