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SAO PAULO, Jan 15 (Reuters) - Raizen, the biggest sugar and ethanol producer in Brazil, said on Thursday it will stop production at its Bom Retiro mill in southeastern Brazil for two years because severe drought had caused a shortage of cane. A joint venture between Brazil's Cosan and Royal
Read moreDOHA, Jan 15 (Reuters) - Industries Qatar, the Gulf's second-largest petrochemicals firm, is considering expanding production to take advantage of excess feedstock left by a project's cancellation, the company said on Thursday. On Wednesday, state firm Qatar Petroleum and Shell said they ha
Read more(Adds oil directorate chief, analyst) By Joachim Dagenborg STAVANGER, Norway, Jan 15 (Reuters) - Norway's oil industry will shrink this year and its decline could gather momentum unless crude prices recover, the country's oil directorate said on Thursday. By the end of 2019, it
Read moreNEW DELHI, Jan 15 (Reuters) - Royal Dutch Shell Plc will take a 26 percent stake in the planned Kakinada liquefied natural gas terminal on the east coast, an official at partner Indian gas firm GAIL said, slightly higher than previously proposed. Gaz de France already has a 26 percent stak
Read more(Adds BP comment, details, changes byline) By Dmitry Zhdannikov LONDON, Jan 15 (Reuters) - Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tu
Read moreOSLO, Jan 15 (Reuters) - Norwegian oil and gas investments will tumble this year and if oil prices stay below $60 per barrel for an extended period, more projects could be called off, cutting investments further and lowering output, the Norwegian Petroleum Directorate said. The NPD now sees
Read more** Tullow Oil writes off $2.3 bln in relation to exploration work & some of its assets in 2014 as crude's brutal sell-off takes its toll ** But co's trading update seen by traders as broadly in line, & stock bounces along with sector peers after Brent staged its biggest pct gain since June
Read more(Repeats to fix formatting, adds details, background) DOHA, Jan 14 (Reuters) - Qatar Petroleum and Shell said they had decided not to proceed with their $6.4 billion Al Karaana petrochemical project in the Gulf state, the region's second big energy project to be shelved since oil prices be
Read more(Repeats to fix garble in second paragraph on screens) DOHA, Jan 14 (Reuters) - Qatar Petroleum and Shell said they had decided not to proceed with their $6.4 billion Al Karaana petrochemical project in the Gulf state, the region's second big energy project to be shelved since oil prices b
Read moreDOHA, Jan 14 (Reuters) - State-owned Qatar Petroleum and Shell have decided not to proceed with their joint Al Karaana petrochemical project in the Gulf state, a joint statement from the two firms said on Wednesday. Prices quoted by companies to build the huge complex showed the project was
Read more(Adds details of spending cuts, investment manager comment) By Nia Williams and Scott Haggett CALGARY, Alberta, Jan 13 (Reuters) - Canada's largest oil and gas company Suncor Energy Inc said on Tuesday it would cut about 1,000 employees and contractors, freeze hiring and slash C$1 bil
Read more(Adds wider sector cuts, background, analyst comment) By Karolin Schaps LONDON, Jan 13 (Reuters) - Oil producer Tullow Oil is planning to cut some of its 2,000-strong workforce, a source familiar with the company said, starting an expected avalanche of job losses in the sector as com
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A sharp drop in the UK inflation rate and well-received updates from a number of Britain's retailers gave London stocks a boost on Tuesday. The FTSE 100 was trading up 0.6% at 6,539 just after midday with retailers and housebuilders offsetting ongoing weakness in the resources sector. Markets were
Read moreSINGAPORE, Jan 13 (Reuters) - Royal Dutch Shell restarted its ethylene cracker in Bukom, Singapore, this week following a three-month maintenance and expansion works to raise the unit's capacity, trading sources not related to the oil major said on Tuesday. Shell declined to comment on the
Read more** London-listed oil and gas producers down as crude oil prices flirt with lowest levels since early 2009 ** Eland Oil & Gas Plc down as much as 19 pct, topping the losers on the London Stock Exchange, and Enquest Plc down nearly 10 pct ** Oil producer Afren down as much as 7.8 pct a
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