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14 Feb 2014 11:58

UK to get hands-on in quest for remaining North Sea oil

* UK government review into North Sea oil out this month * Production down 40 percent since 2010 * UK seen taking bigger role to recover hard-to-extract oil By Stephen Eisenhammer and Claire Milhench LONDON, Feb 14 (Reuters) - Britain is likely to have to ditch its hands-o

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14 Feb 2014 07:26

Friday newspaper round-up: Vodafone, Shell, Pound

Britain's biggest telecoms company is to have a new auditor for the first time since floating on the stock market in 1988. Vodafone will end its 26-year relationship with Deloitte, handing its audit mandate to PwC, one of the firm's "Big Four" rivals and the auditor of more FTSE 100 companies than a

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13 Feb 2014 23:26

Shell to sell three producing North Sea fields -report

Feb 13 (Reuters) - Royal Dutch Shell is planning to sell three oil and gas producing assets in the North Sea, the Guardian reported on Thursday, a move that supports the Anglo-Dutch oil major's existing plans to step-up divestments this year. Glen Cayley, vice-president of Shell's upstream

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13 Feb 2014 21:33

U.S. Cash Crude-Grades fall on ample stocks, pipeline start

NEW YORK, Feb 13 (Reuters) - U.S. Gulf Coast cash crude grades fell on Thursday with the region's oil inventories on the rise and the Ho-Ho pipeline back in service. Royal Dutch Shell said it resumed commercial service on its Houston-to-Houma (Ho-Ho) pipeline on Thursday. The line had been

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13 Feb 2014 20:17

UPDATE 1-Shell restarts Ho-Ho pipeline after planned shutdown

(Adds details on maintenance, leak and pipeline) NEW YORK, Feb 13 (Reuters) - Royal Dutch Shell said on Thursday it resumed commercial service on its Houston-to-Houma (Ho-Ho) pipeline after it completed planned maintenance work. The line was shut for electrical work just a month after

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13 Feb 2014 19:35

Shell restarts Ho-Ho pipeline after planned shutdown

NEW YORK, Feb 13 (Reuters) - Royal Dutch Shell on Thursday said it resumed commercial service on its Houston-to-Houma (Ho-Ho) pipeline after it completed planned maintenance work. The company had reported a leak in Channelview, Texas, from a short section of an idled 12-inch pipeline that i

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13 Feb 2014 01:58

Shell confirms source of crude oil leak is from its Ho-Ho pipeline

Feb 12 (Reuters) - Royal Dutch Shell Plc confirmed on Wednesday the origin of the crude oil leak adjacent to the reversed Houston-to-Houma (Ho-Ho) pipeline facility in Channelview, Texas, is from a pipe associated with Shell's Ho-Ho line. Shell reported a crude oil leak adjacent to a Ho-Ho

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12 Feb 2014 17:47

Rio Tinto sells wharf and land options to LNG Canada

Feb 12 (Reuters) - Rio Tinto PLC said on Wednesday it had reached an option agreement with LNG Canada to acquire or lease a wharf and associated land at its port facility in northern British Columbia. LNG Canada, a joint venture between Royal Dutch Shell PLC , Mitsubishi Corp, Korea Gas Co

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12 Feb 2014 16:13

Trading houses in race to buy oil majors' $3 bln Nigeria assets-sources

* Shell (30 pct), Total (10 pct), Eni (5 pct) selling stakes * Bids due from shortlisted suitors on Feb. 18 * Blocks produced avg 90,000 bpd of oil in 2012 - document * Glencore, Mercuria in consortiums shortlisted - sources By Joe Brock ABUJA, Feb 12 (Reuters) - Com

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12 Feb 2014 14:27

Nigerian naira falls; market interventions are no help

LAGOS, Feb 12 (Reuters) - Nigeria's naira eased on Wednesday as demand for U.S. dollars overcame an intervention by the central bank and an injection of dollars by a major oil firm. The naira closed at 164.75 to the greenback, weaker than Tuesday's close of 164.10 naira. Dealers said

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12 Feb 2014 14:21

FTSE 100 movers: Standard Chartered jumps on Swiss bank sale plan

Standard Chartered was the top riser after appointing a new head of its private banking unit and unveiling plans to sell its Swiss private bank as part of its strategy of narrowing its regional focus. According to The Wall Street Journal, the move followed a comprehensive review by the group. Babc

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12 Feb 2014 12:02

UK stocks hold gains despite complex new forward guidance from BoE

- Carney revamps forward guidance - BoE focusing on 'spare capacity' in economy - Bank Rate to rise only gradually when tightening is needed - Morrisons in buyout talks with private-equity firms techMARK 2,824.49 -0.42% FTSE 100 6,683.78 +0.17% FTSE 250 16,060.03 -0.11% UK stocks held on to small

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12 Feb 2014 10:29

GM UPDATE 2-Total raises dividend as oil and gas spending peaks

* Total says Q4 adj net profit fell 19 pct on year ago * Output at 2.299 mln boed in 2013, down 0.04 pct on year ago * Organic capex to be cut to $26 bln in 2014 vs $28 bln in 2013 * Group raises Q4 dividend by 3.4 pct to 0.61 euros a share By Michel Rose and Benjamin Mall

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12 Feb 2014 08:12

CORRECTED-Malaysia delays crude exports start from Sabah terminal by 3 months-sources

(Corrects headline and story body to clarify that the delay is in the start of crude exports, not the whole terminal) SINGAPORE, Feb 11 (Reuters) - Malaysian state firm Petronas has postponed the start of crude exports from an oil and gas production facility in Sabah by at least three mont

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11 Feb 2014 22:19

U.S. Cash Crude -Grades mixed despite Ho-Ho pipeline shutdown

NEW YORK, Feb 11 (Reuters) - U.S. cash crude differentials were mixed on Tuesday with Gulf Coast grades inching lower despite the shutdown of Royal Dutch Shell's Houston-to-Houma (Ho-Ho) pipeline after weekly data indicated more oil is arriving from Oklahoma. Shell on Tuesday said it shut

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