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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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19 Mar 2014 15:21

New Issue-Shell prices a dual tranche deal

Mar 19 (Reuters) -Following are terms and conditions of a dual tranche priced on Wednesday. Borrower Shell International Finance Guarantor Royal Dutch Shell **** Tranche 1 Maturity Date March 24 2021 Coupon

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19 Mar 2014 08:17

NORWAY GAS-Langeled flows to Britain rise close to full capacity

* Norway gas exports at 323 mcm/day * Langeled flows to UK at 68 mcm/day OSLO, March 19 (Reuters) - Norwegian gas exports rose to Britain on Wednesday morning on higher deliveries through the Langeled pipeline after an outage ended at Nyhamna plant the previous day, data from gas system

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19 Mar 2014 00:04

US WCoast Products-Gasoline rises on Phillips work

HOUSTON, March 18 (Reuters) - Gasoline rose 2 cents a gallon in the Los Angeles wholesale market on Tuesday as Phillips 66 was performing a planned overhaul at its southern California refinery, traders said. March-delivery CARBOB gasoline traded as high as 4.5 cents a gallon under April N

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18 Mar 2014 14:25

UPDATE 1-Kashagan oil group appeals $737 mln ecological fine

By Dmitry Solovyov ALMATY, March 18 (Reuters) - A consortium developing Kazakhstan's huge Kashagan oilfield said it had appealed a 134.2 billion tenge ($737 million) fine by a regional Kazakh authority for ecological damage at the site in the Caspian Sea. The fine adds to the woes of

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17 Mar 2014 20:45

US WCoast Products - Gasoline climbs on refinery work

HOUSTON, March 17 (Reuters) - Gasoline gained on Monday in the Los Angeles wholesale market as a southern California refinery began a planned overhaul, traders said. March-delivery L.A. CARBOB gasoline sold up 1 cent a gallon at a 6.5-cent discount under April NYMEX RBOB gasoline in L.A.Read more

17 Mar 2014 19:44

Norway's Ormen Lange outage to cut gas output Tuesday

OSLO, March 17 (Reuters) - An outage at Norway's Nyhamna gas plant, which processes gas from Royal Dutch Shell's Ormen Lange field, will cut gas exports by 15 million cubic metres (mcm) on Tuesday, gas system operator Gassco said on Monday The outage, caused by a power failure, has already

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17 Mar 2014 18:44

US Department of Energy releases oil reserve sales results

March 17 (Reuters) - The U.S. Department of Energy on Monday released results from its bid to sell 5 million barrels of oil from the nation's Strategic Petroleum Reserve. Oil majors Exxon Mobil and Royal Dutch Shell were among the apparently successful bidders, along with independent refin

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17 Mar 2014 18:25

UPDATE 1-Outage at Norway's Ormen Lange extended further

OSLO, March 17 (Reuters) - Norway's Nyhamna gas plant, which processes gas from Royal Dutch Shell's Ormen Lange field, will see its gas exports further reduced on Monday, and for longer, North Sea gas pipeline operator Gassco said. Exports from the plant will be reduced to 38 million cubic

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17 Mar 2014 13:00

Broker tips: Vodafone, Shell, Reed Elsevier...

Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proact

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17 Mar 2014 12:14

Outage at Norway's Ormen Lange to last longer, cut more gas exports

OSLO, March 17 (Reuters) - Norway's Nyhamna gas plant, which processes gas from Royal Dutch Shell's Ormen Lange field, will cut gas exports by 33 million cubic metres per day, up from the 23 mcm per day indicated earlier, North Sea operator Gassco said on Monday. The outage, caused by a fai

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17 Mar 2014 12:10

Credit Suisse lifts target price for Shell

Credit Suisse has lifted its target price for oil major Royal Dutch Shell from 2,350p to 2,450p and reiterated an 'outperform' rating on the back of the company's strategic update announced last week. "Following a review of our model, our operating cash flow estimates rise for the period beyond 201

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17 Mar 2014 06:04

Norway's gas output down 23 mcm due to Ormen Lange failure

OSLO, March 17 (Reuters) - Norwegian gas output will be down by 23 million cubic metres on Monday due to an outage at the Nyhamna gas plant, which processes gas from Royal Dutch Shell's Ormen Lange gas field. The outage, caused by a failure in the power grid, started around 0100 local time

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14 Mar 2014 18:09

UPDATE 1-Visa ban on Russian energy CEOs could backfire

* Rosneft calls a possible visa ban 'stupid, petty' * Both CEOs of the two companies travel extensively * Companies have vast overseas operations By Vladimir Soldatkin and Olesya Astakhova MOSCOW, March 14 (Reuters) - A possible ban on visas for the heads of Russia's two b

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14 Mar 2014 17:54

UPDATE 1-Cameron urges Scots to heed business warnings on independence

* PM denies scare-mongering over Sept. 18 vote * Urges Scots to preserve 'family of nations' By Belinda Goldsmith and William James LONDON, March 14 (Reuters) - British Prime Minister David Cameron urged Scots on Friday to heed warnings from the head of the Bank of England and b

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14 Mar 2014 17:22

Shell says repairing a leak on Nigeria oil pipeline

LONDON, March 14 (Reuters) - Royal Dutch Shell is repairing a leak on crude export pipeline at Nigeria's Forcados oil terminal, the oil major said in a statement on Friday. Shell said third party oil exports through the Forcados terminal have been suspended. "The line was immediately

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