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14 May 2014 11:50

London midday: ITV drops as UK stocks retreat from 14-year high

- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o

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14 May 2014 09:59

China LNG demand a bright spot as producers weigh major investments

* China's LNG imports rose 35 pct in Q1 to 5.62 mln T * Seen overtaking S.Korea to become second-biggest LNG buyer by 2020 * High prices & shale gas development to challenge China LNG demand By Jacob Gronholt-Pedersen SINGAPORE, May 14 (Reuters) - China's imports of liquef

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14 May 2014 08:43

London open: UK stocks retreat from 14-year high, BoE in focus

- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft

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14 May 2014 02:32

Shell reports restarting unit at Scotford upgrader facility

May 13 (Reuters) - Royal Dutch Shell is restarting an unspecified unit at its 255,000-barrel-per-day Scotford oil sands upgrader near Edmonton, Alberta, it said in a message posted on a community information line on Tuesday evening. There may be intermittent flaring over the next 48 hours,

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13 May 2014 12:46

UPDATE 2-Kuwait signs $3 bln deal to buy gas from BP

* Energy demand soars in Kuwait during the summer * Kuwait expects to import 2.5 mln tonnes of gas annually * Deals with BP, Shell and Qatargas this year (Adds details on shipments) By Ahmed Hagagy KUWAIT, May 13 (Reuters) - Kuwait signed a five-year liquefied natural ga

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13 May 2014 10:02

Kuwait signs $3 bln LNG supply deal with BP

KUWAIT, May 13 (Reuters) - Kuwait's state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, the Gulf state's second energy import deal this week. Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal wi

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13 May 2014 05:30

North Sea tax change to end drillers' 20-year tax holiday

* Industry pays little or no tax on 2 bln stg annual revenues * Tax change to cap intra-group deductions for rig leasing * MPs criticise tax authority for leniency to business * Tax authority accepts transfer pricing outcomes not always fair By Tom Bergin LONDON, May

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12 May 2014 14:50

EU mergers and takeovers (May 12)

BRUSSELS, May 12 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Switzerland-based INEOS and Belgian chemicals company Solvay to form a joint venture (approved May 8) -- French

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12 May 2014 14:47

Oil services company Caverton set for $197 mln Nigeria listing

LAGOS, May 12 (Reuters) - Nigerian oil services company Caverton has received stock exchange approval for a planned 31.8 billion naira ($197 million) listing on May 20, it said on Monday. Caverton, which provides marine and aviation services to multinational oil companies including Shell, T

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12 May 2014 08:48

STOCKS NEWS EUROPE-Renault, Eni, BASF potential M&A targets -Citi

Following the recent wave of mergers and acquisitions activity, Citi strategists unveil a list of potential takeover targets in Europe, based on a screening using the level of profits generated by the targets. "There are three catalysts to the recent increase in activity. Two have been in p

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12 May 2014 01:53

Shell restarting unit at Scotford upgrader facility -community line

May 11 (Reuters) - Royal Dutch Shell is restarting an unspecified unit at its 255,000-barrel-per-day Scotford oil sands upgrader near Edmonton, Alberta, it said in a message posted on a community information line on Friday night. There may be intermittent flaring and noise over the next 48

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11 May 2014 14:55

UPDATE 1-Kuwait signs $12bn LNG supply deal with Shell

(Adds KPC spokesman, planned BP deal) KUWAIT, May 11 (Reuters) - Kuwait's state oil group said it signed a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell on Sunday, worth an estimated $12 billion, as the major oil exporter seeks to meet energy demands for the hot su

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11 May 2014 14:08

Kuwait says to sign $12bn LNG supply deal with Shell

KUWAIT, May 11 (Reuters) - Kuwait's state oil group said on Sunday it would sign a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell estimated at $12 billion as the major oil exporter seeks to meet energy demands for the hot summer months. It was not immediately clear

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9 May 2014 05:12

COLUMN-Floating LNG is Australia's future, but not a miracle cost cure: Clyde Russell

-- Clyde Russell is a Reuters columnist. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, May 9 (Reuters) - Building a fleet of the world's largest vessels has been touted as the solution to the high costs of developing the next phase of liquefied natural gas

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8 May 2014 05:30

INSIGHT-End of oil boom threatens Norway's welfare model

* Oil investments falling, high costs deter growth elsewhere * Decline will be cushioned by $860 bln saved from oil receipts * Oil and gas make up a fifth of Norway's GDP * Many argue for measures to address high costs By Balazs Koranyi OSLO, May 8 (Reuters) - Norway

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