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14 Mar 2014 16:45

UPDATE 1-Nigeria's Forcados oil exports delayed -traders and data

(Adds detail on length of delay, production background) LONDON, March 14 (Reuters) - Nigeria's exports of its Forcados crude oil grade are subject to delays of at least a week, traders said on Friday, although none knew of the reason behind the problem. Three traders said cargoes for

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14 Mar 2014 15:51

Nigeria's Forcados oil exports delayed-traders, data

LONDON, March 14 (Reuters) - Nigeria's Forcados crude oil exports grade are subject to delays of a few days, traders said on Friday, although none knew of the reason behind the problem. Three traders said cargoes for March loading had been delayed, while Reuters interactive mapping showed v

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14 Mar 2014 12:59

British PM urges Scots to heed business warnings over independence

* Scotland votes on independence Sept. 18 * Cameron campaigning for no vote * Yes camp accuses opponents of scaremongering LONDON, March 14 (Reuters) - British Prime Minister David Cameron will urge Scots on Friday to heed warnings from the head of the Bank of England and busine

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14 Mar 2014 11:44

RPT-Fitch: EMEA Oil & Gas Winners and Losers in Ukraine Crisis

March 14 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings says BG Energy Holdings Ltd (BG: A-/Stable), BP plc (A/Stable), Royal Dutch Shell plc (AA/Stable) and Total SA (AA/Stable) are among the rated oil and gas companies in EMEA that stand to gain f

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14 Mar 2014 10:50

Friday tips round-up: Royal Dutch Shell, Northgate

Investors were underwhelmed by Royal Dutch Shell's strategy presentation by its new chief, Ben van Beurden, and the shares duly fell. Some investors wanted firm cost-cutting targets and a far bolder approach to asset disposals. Instead, they got a promise to tackle underperformance in drilling and a

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14 Mar 2014 00:25

REPEAT-Shell restarting unit at Scotford upgrader facility-community line

(Repeats to additional subscribers) March 13 (Reuters) - Royal Dutch Shell Plc said it was restarting an unspecified unit at its Scotford upgrader facility near Edmonton, Alberta, according to a message posted on a community information line on Thursday afternoon. Shell runs a 255,000

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13 Mar 2014 20:26

UPDATE 5-Shell cuts spending in U.S. to lower shale exposure

* Shell could sell more U.S. shale projects * No need to reinvent the company, says new CEO * Asset disposal plans remain unchanged By Karolin Schaps and Dmitry Zhdannikov LONDON, March 13 (Reuters) - Royal Dutch Shell will cut spending by a fifth and lay off staff at its

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13 Mar 2014 13:32

UPDATE 1-Shell says Nigerian oil theft costs billions

* Shell says $1 bln/month oil theft figure probably accurate * Proposed legal changes curbing Nigeria's oil output * Some Nigerian risks worsened, Shell says in annual report By Alex Lawler and Simon Falush LONDON, March 13 (Reuters) - Royal Dutch Shell lost nearly $1 bill

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13 Mar 2014 10:52

Former Shell boss's pay halved after poor performance

LONDON, March 13 (Reuters) - The pay of Royal Dutch Shell's former chief executive, Peter Voser, halved to $11.24 million last year following what the company described as a disappointing performance. However, Voser's 2013 remuneration was higher than that of peer BP's chief executive Bob

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13 Mar 2014 10:48

Shell says lost almost $1 bln on Nigerian disruptions in 2013

LONDON, March 13 (Reuters) - Royal Dutch Shell lost just under $1 billion from theft and various disruptions in Nigeria to its oil and liquefied natural gas (LNG) operations in 2013, the firm's executives told a conference call on Thursday.

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13 Mar 2014 10:13

Shell sees no need to raise asset disposal plan for now

LONDON, March 13 (Reuters) - Royal Dutch Shell sees no need for now to increase its asset disposal plan from the current $15 billion, its executives said on a conference call on Thursday.

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13 Mar 2014 07:39

London pre-open: Little change expected on FTSE early on

- FTSE to open around 10 points higher - Chinese data disappoints - Morrison posts FY loss UK stocks are expected to open with small gains today, following a mixed finish in the US, a stable performance in Asia overnight, despite weak data, and ahead of a raft of economic releases due out from the

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13 Mar 2014 07:14

Shell to cut Americas upstream spending by 20 pct

LONDON, March 13 (Reuters) - Royal Dutch Shell said on Thursday it was cutting spending on American upstream by a fifth this year after it was impacted by losses in resources plays such as shale. "Shell is shrinking this portfolio and cost base, with 2014 spending to be reduced by 20 percen

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13 Mar 2014 07:03

Shell unveils bid to lift earnings and performance after profit warning

Oil major Royal Dutch Shell on Thursday set out plans to turn around its business after a shock profit warning early this year. Shell, which outlined major spending cuts and the suspension of its controversial Arctic drilling programme at the end of January, said it needed to get "a tighter grip on

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12 Mar 2014 16:43

UPDATE 1-S.Africa passes bill to give state 20% of oil ventures

By Wendell Roelf CAPE TOWN, March 12 (Reuters) - South Africa's parliament passed changes to its main petroleum law on Wednesday, giving the state a stake of 20 percent in new gas and oil exploration and production ventures, a move industry said would discourage investment. The bill a

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