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14 Aug 2013 07:43

Broker snap: Barclays upgrades Shell to 'overweight'

Barclays Capital has upgraded its rating for oil major Royal Dutch Shell from 'equalweight' to 'overweight', saying that the stock should trade at a premium to its peers. Barclays said that Shell can fund both capex and dividends from organic cash-flow without relying on ambitious growth targets or

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13 Aug 2013 23:44

UPDATE 1-Motiva Port Arthur CDU restarting after SRU breakdown -sources

(Adds details on facility, background) HOUSTON, Aug 13 (Reuters) - Motiva Enterprises was restoring a crude distillation unit at its 600,000 barrel per day (bpd) Port Arthur, Texas, refinery to production on Tuesday after it was taken out of operation by a sulfur recovery unit breakdown on

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13 Aug 2013 23:23

Motiva Port Arthur CDU restarting after SRU breakdown -sources

HOUSTON, Aug 13 (Reuters) - Motiva Enterprises was restoring a crude distillation unit at its 600,000 barrel per day (bpd) Port Arthur, Texas, refinery to production on Tuesday after it was taken out of operation by a sulfur recovery unit breakdown on Monday, according to sources familiar with o

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13 Aug 2013 19:49

US Cash Products-Gulf Coast gasoline higher on refinery snags

* Gulf Coast gasoline differentials rise * Chicago CBOB gasoline differentials fall * Harbor jet fuel talked higher NEW YORK, Aug 13 (Reuters) - Gulf Coast gasoline differentials rose on Tuesday after refineries in Texas reported malfunctions, traders said. Gulf A2 CBOB gasoline

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13 Aug 2013 10:40

Shell spuds final well on Guyane Maritime Permit

Drilling has begun on GM-ES-5, the fourth and final well on the drilling programme in the Guyane Maritime Permit, offshore French Guiana, it was announced Tuesday. The Guyana Maritime licence is held by Shell (45%), Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration

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13 Aug 2013 10:02

Ex-divs to take 20.4 points off FTSE 100 on Aug. 14

LONDON, Aug 13 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-

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12 Aug 2013 21:52

Canada crude-Heavy grades dip as supply increases

CALGARY, Alberta, Aug 12 (Reuters) - Canadian heavy crude prices edged lower in thin trade on Monday, as increased production boosted supply and traders looked ahead to seasonal refinery maintenance in the autumn. Western Canada Select heavy blend for September delivery last traded at $23.3

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12 Aug 2013 16:30

European refiners slash runs in face of soaring crude prices

* NW Europe refining down to 75-80 pct of capacity * Med refiners running at around 70 pct of capacity * N. Sea maintenance, low Urals, Libya troubles support oil By Ron Bousso and Claire Milhench LONDON, Aug 12 (Reuters) - European refiners are set to cut crude oil proces

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12 Aug 2013 05:53

Bilfinger's adjusted operating profit fell 2 pct in Q2

FRANKFURT, Aug 12 (Reuters) - Germany's Bilfinger, which maintains industrial facilities for groups including Royal Dutch/Shell and BASF, said adjusted operating profit declined 2 percent, citing a challenging economic environment. "With regard to orders placed, the company is faced with un

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9 Aug 2013 21:20

Shell says considering crude by rail at Washington state refinery

HOUSTON, Aug 9 (Reuters) - Royal Dutch Shell may build crude by rail offloading infrastructure at its 145,000 barrels-per-day (bpd) Puget Sound refinery in Anacortes, Washington, a spokeswoman said on Friday. Other refiners in the state either already receive or plan to receive cheaper Nort

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9 Aug 2013 16:18

UPDATE 2-Brazilian mills raise ethanol output over sugar -Unica

* Mills' ethanol sales jump 31 pct from earlier in July * Frost likely to reduce sugar and ethanol output * Unica to revise cane forecast in early September By Reese Ewing and Gustavo Bonato SAO PAULO, Aug 9 (Reuters) - Cane mills in center-south Brazil raised their output of su

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9 Aug 2013 14:10

UPDATE 2-Norway oil fund concerned about tax evasion

* Says tax evasion an increased concern for investors * Share of stocks rises to 63.4 pct from 62.4 pct in Q1 * Sharply cuts UK government bond holdings, raises Japan By Gwladys Fouche and Joachim Dagenborg OSLO, Aug 9 (Reuters) - Norway's $760 billion oil fund, the world'

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9 Aug 2013 14:09

UPDATE 1-Nigerian oil exports to rise after Bonny cargoes added

GENEVA, Aug 9 (Reuters) - Nigeria will export four cargoes of Bonny Light crude oil in September, a shipping list showed, boosting monthly exports for the top African producer to around 1.94 million barrels per day. Most Nigerian September loading programmes were released in July but at the

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9 Aug 2013 13:50

Nigerian oil exports to rise after Bonny cargoes added

GENEVA, Aug 9 (Reuters) - Nigeria will export four cargoes of Bonny Light crude oil in September, a shipping list showed, boosting monthly exports for the top African producer to around 1.94 million barrels per day. Most Nigerian Septmeber loading programmes were released in July but at the

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9 Aug 2013 11:55

COLUMN-Petroleum nationalism fades as super-cycle cools: Kemp

By John Kemp LONDON, Aug 9 (Reuters) - The balance of power between host countries and petroleum companies has shifted decisively as a result of the shale revolution and the push into deepwater oil and gas fields off the coast of Latin America and Africa. The first decade of the 21st

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