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3 Feb 2014 05:14

UPDATE 1-S.Korea completing sea cleanup 164,000 litres oil leak-Coast Guard

* Oil spillage from cracked pipelines; none from tanker * Tanker suspected to have approached at higher than recommended speed * Cleanup for seashore seen to take up to two weeks * No refinery production impact from the incident * Ocean Tankers says to discuss with Shell o

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3 Feb 2014 04:12

S.Korea completing sea cleanup 164,000 litres oil leak-Coast Guard

By Meeyoung Cho and Keith Wallis SEOUL/SINGAPORE, Feb 3 (Reuters) - Teams of workers, aided by ships and aircraft, will complete on Monday the sea cleanup of 164,000 litres of oil that leaked off South Korea's southern coast, the coast guard said, after a pipeline run by GS Caltex Corp crac

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31 Jan 2014 20:02

UPDATE 4-Chevron opts to keep massive budget in bid to boost output

By Ernest Scheyder Jan 31 (Reuters) - Chevron Corp plans to keep spending roughly $40 billion per year for the next several years on new oil and natural gas projects in a bid to lift production that is on track to be flat for the third straight year. That stay-the-course approach, announc

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31 Jan 2014 17:30

UPDATE 1-Unipetrol completes buyout of Shell stake in Czech unit

PRAGUE, Jan 31 (Reuters) - Czech oil firm Unipetrol has completed the buyout of Royal Dutch Shell's minority stake in its refining unit Ceska Rafinerska, in the latest move to reshape an industry hit by low margins and unstable prices. Unipetrol said on Friday it had raised its stake in C

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31 Jan 2014 16:30

Unipetrol says completes purchase of 16.3 pct in Ceska Rafinerska from Shell

PRAGUE, Jan 31 (Reuters) - Czech Unipetrol has completed the purchase of a 16.3 percent in its refining unit Ceska Rafinerska from Royal Dutch Shell for $27.2 million, the petrochemical group said on Friday. Unipetrol, majority-owned by Polish PKN Orlen, thus raised its stake in Rafinerska

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31 Jan 2014 12:08

Broker tips: BT, Diageo, Shell...

Broker Hargreaves Lansdown said BT was 'firing on all cylinders' after the telecoms company forecast annual earnings at the top end of expectations. The broker's Richard Hunter said broadband demand, a strong performance outside the UK and BT's new sport channels had combined to produce "an impress

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31 Jan 2014 10:12

Broker snap: Shell rated 'hold' on unambitious targets, says Investec

Investec has reduced its target price for Royal Dutch Shell after the oil firm's recent profit warning and kept a 'hold' rating saying that its new strategy seems 'unambitious'. The broker has lowered its earnings forecasts after the company's gloomy fourth-quarter update two weeks ago which said t

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31 Jan 2014 01:05

UPDATE 1-White House releases plan to make Arctic shipping safer

By Timothy Gardner and Andrea Shalal-Esa WASHINGTON, Jan 30 (Reuters) - As Arctic ice melts away, opening the way for greater oil development and mining, the White House outlined a plan on Thursday to promote safety and security in the region by building ports, improving forecasts of sea ic

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31 Jan 2014 00:04

White House releases plan to make Arctic shipping safer

By Timothy Gardner and Andrea Shalal-Esa WASHINGTON, Jan 30 (Reuters) - As Arctic ice melts away, opening the way for greater oil development and mining, the White House outlined a plan on Thursday to promote safety and security in the region by building ports, improving forecasts of sea ic

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30 Jan 2014 20:57

WRAPUP 1-Conoco beats expectations as bigger oil rivals struggle

HOUSTON, Jan 30 (Reuters) - Oil producer ConocoPhillips outshone larger competitors on Thursday with a quarterly profit that beat expectations as it moved to overcome the problems of high costs and lack of fresh reserves that have nagged at Exxon Mobil Corp and Royal Dutch Shell . ConocoPh

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30 Jan 2014 18:49

UPDATE 5-Exxon Mobil profit tumbles as energy production tapers

By Ernest Scheyder Jan 30 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production but spent heavily to find fresh reserves. The problem of declini

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30 Jan 2014 17:00

London close: Diageo leads markets lower after choppy session

- Diageo slumps after H1 miss, BSkyB jumps - Economic data comes in mixed - Fed cuts monthly asset purchases by 10bn dollars - Emerging-market volatility continues to weigh on sentiment techMARK 2,780.43 +0.45% FTSE 100 6,538.45 -0.09% FTSE 250 15,701.80 +0.09% UK markets finished slightly lower o

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30 Jan 2014 16:21

UPDATE 4-Shell to cut spending and sell assets after profit warning

* Capital spending to fall to $37 bln from $46 bln * Sets disposal target of $15 billion for 2014-15 * Cancels 2014 plans for oil exploration off Alaska * Plans 4 pct rise in Q1 dividend to $0.47 per share * Shares up 1.3 pct By Sarah Young LONDON, Jan 30 (Reut

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30 Jan 2014 14:15

FTSE 100 movers: BSkyB jumps on strong H1 revenue

Satellite broadcaster BSkyB was in the lead after an eight per cent rise in revenue in the first half, helped by strong growth in paid-for subscription products. The group said revenue in the six months to December 31st rose to £3.75bn as sales of paid-for subscription products rose 42% during the

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30 Jan 2014 13:15

RPT-COLUMN-Oil industry starts to squeeze costs, wages: Kemp

By John Kemp LONDON, Jan 30 (Reuters) - Cutting the cost of everything from salaries and steel pipes to seismic surveys and drilling equipment is the central challenge for the oil and gas industry over the next five years. The tremendous increase in exploration and production activity

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