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- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
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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
Read more- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Barrage of data out elsewhere techMARK 2,761.89 -0.22% FTSE 100 6,518.96 -0.39% FTSE 250 15,677.69 -0.07% UK equities got off to a poor start on
Read moreLONDON, Jan 30 (Reuters) - Anglo-Dutch oil company Royal Dutch Shell on Thursday said it would step-up disposals and seek to return a greater share of earnings to investors as it posted fourth quarter profits in line with its downgraded forecast. Shell, the world's no. 3 investor owned oil
Read moreLONDON, Jan 30 (Reuters) - Anglo-Dutch oil company Royal Dutch Shell on Thursday said it would step-up disposals and seek to return a greater share of earnings to investors as it posted fourth quarter profits in line with its downgraded forecast. Shell, the world's no. 3 investor owned oil
Read more- Fed reduces stimulus by 10bn dollars - China confirms fall in PMI - Eurozone confidence data due City sources predict the FTSE 100 will open 17 points below yesterday's close of 6,544.28 following the news the Federal Reserve has, as was widely anticipated, continued with its plan to reduce stim
Read more- CEO announces restructuring - Q4 and FY2013 earnings decline - Dividend raised by 4.4 per cent Royal Dutch Shell's Chief Executive said the oil giant will undergo a major restructuring to boost capital and cut costs as the company reported a sharp fall in fourth quarter earnings. Ben van Beurde
Read moreRoyal Dutch Shell reports its fourth quarter results on Thursday after issuing a shock profit warning earlier this month. In a trading update on January 17th, the oil producer said it expects the quarterly figures to be "significantly lower than recent levels of profitability". The company anticip
Read moreLONDON, Jan 29 (Reuters) - Oil firm Royal Dutch Shell is selling a stake in a Brazilian oil project to Qatar Petroleum International (QPI) for $1 billion, in line with this year's plan to ramp up disposals. Shell said on Wednesday it was selling 23 percent of the Parque das Conchas or BC-1
Read moreOil major Royal Dutch Shell has continued its massive asset disposal programme by selling off a 23 per cent stake in the Parque das Conchas (BC-10) project offshore Brazil for one billion dollars. Shell will retain a 50% working interest in BC-10 as operator and stressed that it will maintain a "si
Read moreLONDON, Jan 29 (Reuters) - British oil firm Royal Dutch Shell said on Wednesday it had agreed to sell a 23 percent stake in a Brazilian oil project to Qatar Petroleum International for $1 billion. Shell will retain a 50 percent stake in the project, called the Parque das Conchas, and contin
Read moreHOUSTON, Jan 28 (Reuters) - California gasoline sagged in the Los Angeles wholesale market on Tuesday as Chevron Corp. restarted a crude unit following a weekend power outage at its southern California refinery, traders said. February CARBOB gasoline sold down 4.5 cents in L.A. at 6.5 cent
Read more* UK approved 26 incremental oil, gas projects in 2013 * New well drilling at 10-year low * Firms to continue mature field investments in 2014 * Norway sees 40 pct rise in year-on-year drilling activity By Karolin Schaps LONDON, Jan 29 (Reuters) - Britain last year a
Read moreBy Tosin Sulaiman JOHANNESBURG, Jan 28 (Reuters) - Foreign direct investment flows to Africa increased nearly 7 percent to an estimated $56 billion last year, nearly a fifth of which went to top recipient South Africa, a United Nations report said on Tuesday. Africa, along with Latin
Read moreNEW YORK, Jan 28 (Reuters) - Royal Dutch Shell Plc wants to sell a stake in a key U.S. Gulf Coast crude oil pipeline for as much as $1 billion and is working with Barclays Plc to solicit offers, a source familiar with the matter said on Tuesday. Shell recently reversed the 360,000-barrels-
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