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ABUJA, March 25 (Reuters) - Oil major Shell said on Wendesday it completed the sale of its 30 percent stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production Co for $1.7 billion. Total and Eni's Nigerian arms also assigned their interest
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Shell has completed the sale of more of its upstream Nigerian assets for $1.7bn, following another disposal in the country last week. The Shell Petroleum Development Company of Nigeria, a subsidiary of Royal Dutch Shell, sold its remaining interest in oil mining lease (OML) 29 and the Nembe Creek tr
Read moreTUI topped the risers after the group's first half trading update had surpassed last year's trading figures. The group's full year guidance of underlying operating profit growth of 10% to 15% was reiterated, based on the strength of current trading, as online bookings for hotel resorts and cruises s
Read moreMANILA, March 25 (Reuters) - The Philippines on Wednesday ordered oil companies, including Petron Corp and local units of Shell and Chevron, to sell only Euro IV-compliant fuels by July 1 in a drive to boost air quality in the Southeast Asian country. While there have been improvements in t
Read moreConglomerate San Miguel Corp (SMC) is interested to bid for the Malampaya deep water gas-to-power pipeline should the government rebid the facility once its franchise expires by 2021, the Malaya Business Insight reported, citing SMC President Ramon Ang. Current operator Shell Philippines Ex
Read moreHOUSTON, March 24 (Reuters) - Striking workers are scheduled to return to their jobs next week at Royal Dutch Shell Plc's joint-venture refinery in Deer Park, Texas, said an official of the United Steelworkers union (USW), ending a near two-month walkout. Workers will begin returning to wo
Read moreRIO DE JANEIRO, March 24 (Reuters) - Brazil's state-run oil company Petrobras said on Tuesday the consortium responsible for the giant offshore Libra field had found good quality oil after drilling its second well. The C1 well confirmed a column of hydrocarbons of approximately 200 meters i
Read moreBy Nia Williams CALGARY, Alberta, March 24 (Reuters) - The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman said on Tuesday, after principal marketer Nexen Energy decided to shut down worldwide
Read moreMarch 24 (Reuters) - Britain's Bacton Seal gas terminal is delivering reduced gas volumes into the national grid on Tuesday due to ongoing routine planned maintenance offshore, a spokeswoman for operator Shell said. Gas deliveries from the terminal dropped to around 9 million cubic metres a
Read moreStandard Chartered topped the risers after having its rating upgraded from 'neutral' to 'overweight' at JPMorgan. The broker said: "We believe that last week's UK budget may lead the market to attach a higher probability of strategic actions to change domicile and unlock value." Miners such as BHP B
Read more-- Source link: (http://bit.ly/1IfX2MC) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreHOUSTON, March 22 (Reuters) - Workers on strike at three Tesoro Corp refineries on the West Coast are due to vote on a new contract this week, the United Steelwokers union said in a message on Sunday. Workers at two Tesoro refineries in California and one in Washington state have been walki
Read moreLONDON, March 20 (Reuters) - The world's top oil companies raised a record $31 billion of debt in the first two months of 2015, Morgan Stanley research shows, taking advantage of ultra-low borrowing costs to prop up dividends, balance sheets and acquisition funds. The top U.S. and European
Read moreLondon's leading FTSE 100 benchmark index posted mild gains on Friday amid renewed optimism from talks between Greece's new government and EU creditors in Brussels. The Greek government is now expected to present its reforms in the next days after wrangling with EU leaders who will then decide on th
Read more* Owners resist charterers moves to force rates under W50 * West Africa cargo volumes remain steady -broker By Keith Wallis SINGAPORE, March 20 (Reuters) - Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners resist
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