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LONDON, Dec 3 (Reuters) - Shell reopened its Nigerian 28-inch TNP Bonny Light crude oil pipeline after an investigation due to a leak, a spokeswoman for the company said on Wednesday. The 24-inch pipeline, the source of crude spill, remains closed, the spokeswoman said. "The joint inv
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Large European oil companies will face a "material squeeze" on cash flows and earnings in 2015 after the recent plunge in Brent crude to below $70 a barrel (bbl), according to analysts at Barclays. Madrid-listed Repsol and London-listed Royal Dutch Shell are the best positioned in the current enviro
Read more* Fearing shortages, motorists flock to gas stations * Union says strike will hit production, fuel supplies * French oil major Total says no impact on production (Adds comments from producers, context) By Gerauds Obangome LIBREVILLE, Dec 2 (Reuters) - Oil workers in Gabo
Read moreThe share prices of BP and Royal Dutch Shell surged on Tuesday afternoon on the back of market chatter that the two oil majors could be looking to merge. BP, the smaller of the two with a market capitalisation of £79bn, was up 4.6%, while Shell, which is valued at around £211bn, jumped 3.8%. Market
Read more(Adds BP no comment, context on oil sector shares) LONDON, Dec 2 (Reuters) - Shares of UK energy major BP rose more than 3 percent on Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell and BP declined to commen
Read moreLONDON, Dec 2 (Reuters) - Shares of UK energy major BP rose more than 3 percent Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell declined to comment, while BP was unavailable for comment. "BP shares have rall
Read moreBy Jose ElÃas RodrÃguez MADRID, Dec 2 (Reuters) - Spanish oil company Repsol is seeking partners to invest $4 billion to export natural gas from North America to Europe, which is looking to cut its dependence on supplies from Russia, two sources familiar with the matter said. Repso
Read moreLIBREVILLE, Dec 2 (Reuters) - Gabon oil sector workers began an unlimited strike on Monday night after talks with the Central African country's government over several issues raised by the workers collapsed, umbrella oil trade union ONEP said in a statement. The trade union had been in nego
Read more* Crude's fall to 5-yr low seen as "tax cut" for consumer * Oil falls tends to fuel global equity market gains * Worries include knock-on effects on energy sector By Lionel Laurent and Blaise Robinson LONDON, Dec 1 (Reuters) - Despite hundreds of billions of dollars wiped
Read more* Asian refiners shift towards cheaper Mideast oil, naphtha-trade * U.S. light oil exports to Asia only started 4 months ago * U.S. exports now going to Europe instead (Recasts) By Florence Tan SINGAPORE, Dec 1 (Reuters) - An aggressive strategy by Mideast Gulf producers
Read more* Asian refiners shift towards cheaper Mideast oil, naphtha-trade * U.S. light oil exports to Asia only started 4 months ago * U.S. exports now going to Europe instead By Florence Tan SINGAPORE, Dec 1 (Reuters) - U.S. crude exports to Asia are grinding to a halt just four
Read more* Main opposition party not far behind in vote * Government must deal with shrinking economy, investors * Country has some of world's largest mineral deposits (Adds analyst comment, background on mining) By Sabina Zawadzki COPENHAGEN, Nov 29 (Reuters) - Greenland's rulin
Read moreCOPENHAGEN, Nov 29 (Reuters) - Greenland's ruling Siumut Party retained a slim majority in a snap election called after an expenses scandal, according to results issued early on Saturday, but its new leader Kim Kielsen will need to build a coalition to form a government. Siumut, which has f
Read more* Oil majors to increase borrowing to maintain dividends * Asset sales have yielded $150 billion over four years * Investments to fall as revenues drop with low oil prices (Adds KPMG quote) By Ron Bousso LONDON, Nov 28 (Reuters) - With oil company revenues set to drop on
Read more(Corrects debt-to-equity ratios in paragraph 12) * Oil majors to increase borrowing to maintain dividends * Asset sales have yielded $150 billion over four years * Investments to fall as revenues drop with low oil prices By Ron Bousso LONDON, Nov 28 (Reuters) - With
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