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LONDON, March 20 (Reuters) - Royal Dutch Shell said on Friday it had completed the sale of its stake in a Nigerian oil field for $737 million as the Anglo-Dutch oil major nears the completion of a strategic asset review in the West African country. Oil and Mining Lease (OML) 18 and "related
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The top flight index is being called to start the session higher by between six to seven points on a busy Friday morning in terms of news-flow. Somewhat unexpectedly, overnight Greece agreed to draw up new reforms to meet the requirements of its lenders. "The odds of a Greek exit have risen signifi
Read moreRoyal Dutch Shell has sold off a portion of its upstream assets in Nigeria for $737m cash to local operator Eroton Exploration & Production. Shell, which last year said it lost nearly $1bn from the rampant oil theft and sabotage in Nigeria, offloaded its 30% interest in oil mining lease 18 and relat
Read moreLONDON, March 19 (Reuters) - Trade unions Unite and GMB are balloting their members working offshore in Britain's oil and gas industry to gauge appetite for strike action over changes to shift patterns and other grievances. The two unions represent about 3,000 offshore workers, including en
Read moreLONDON, March 19 (Reuters) - Royal Dutch Shell has closed the Nembe Creek oil pipeline, which carries Nigeria's Bonny Light crude to export terminals, for planned maintenance work, the company said on Thursday. There was no indication as to whether the "short term" engineering work would af
Read more(Corrects typographical errors in dateline to SAO PAULO and to March 18) By Chris Prentice and Marcelo Teixeira NEW YORK/SAO PAULO, March 18 (Reuters) - Royal Dutch Shell Plc has booked a large cargo of Brazilian ethanol to the United States, the strongest sign yet that currency swing
Read moreThose expecting little market reaction to the Budget on Wednesday were probably left surprised, with stocks in the energy, financial, housing and consumer staples sectors leading the surge in London following George Osborne's statement. Dovish comments from Bank of England policymakers were also buo
Read more(Adds detail and comment from second paragraph; changes dateline from HOUSTON) CALGARY, Alberta, March 18 (Reuters) - Oil company ConocoPhillips plans to cut about 7 percent of its workforce in Canada, or about 200 employees, as tumbling oil prices have made its operations in the country le
Read more(Adds comments, background) By Karolin Schaps LONDON, March 18 (Reuters) - Britain announced on Wednesday a series of oil tax cuts and the creation of an investment allowance, heeding calls for help from battered North Sea oil and gas companies juggling high costs and a price slump.Read more
CALGARY, Alberta, March 18 (Reuters) - Talisman Energy Inc , the Canadian oil and gas company being acquired Spain's Repsol SA, plans to cut as much as 15 percent of staff at its Calgary head office as a result of collapsing crude oil prices, a company spokesman said. Around 150 to 200 empl
Read moreConfirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate
Read moreLONDON, March 18 (Reuters) - British finance minister George Osborne on Wednesday cut oil taxes and announced the creation of an investment allowance, an attempt to breathe new life into the battered North Sea oil and gas industry. "It's clear to me that the fall in the oil price poses a pr
Read more(Adds table, details) JAKARTA, March 18 (Reuters) - Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas were among the companies awarded 11 Indonesian oil and gas blocks last year, government officials said on Wednesday. Indonesia offered a total of 16 conventio
Read moreJAKARTA, March 18 (Reuters) - Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas were among the companies awarded Indonesian oil and gas blocks in its latest offering of exploration concessions, government officials said on Wednesday. In the tender round, Indones
Read moreHOUSTON, March 17 (Reuters) - More than 700 union workers at the largest U.S. refinery unanimously approved a new contract in a vote at their union hall in Port Arthur, Texas, on Tuesday night, said union officials. The United Steelworkers union (USW) also said workers at three Tesoro Corp
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