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HOUSTON, Dec 8 (Reuters) - Drilling contractor Noble Corporation PLC on Monday said it reached a $12.2 million settlement with the U.S. Department of Justice related to safety violations on a rig used in Arctic waters off Alaska in 2012. The Noble Discoverer, was contracted by Royal Dutch S
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Weakness in the oil and gas sectors and poor economic data from across the globe prompted a weak start to the week for the UK stock market, as equities pulled back from a two-week high. With crude prices tumbling to their lowest in over five years, oil producers and stocks in the oil services sector
Read moreAn on-going slide in the price of oil was weighing on the oil and gas sector again on Monday with crude prices falling to their lowest level in five years. West Texas Intermediate (WTI) futures for January delivery were down 2.4% at $64.27 a barrel by the afternoon in London, while Brent for January
Read moreShell 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
Read moreWeak 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
Read more* 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
Read moreAmino 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
Read moreDec 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
Read more* 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
Read more* 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
Read more* 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
Read more* 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
Read more(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
Read moreOSLO, 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
Read moreLONDON, 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
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