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1 Aug 2013 07:35

Royal Dutch Shell's second quarter earnings fall on impairments

Royal Dutch Shell's earnings for the second quarter declined, mainly due to impairments. The oil's giant's earnings, on a current cost of supplies (CCS) basis, dropped to $2.4bn from $6.0bn for the same quarter a year earlier. The company blamed higher costs, exploration charges, adverse currency

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1 Aug 2013 06:23

RPT-Shell Q2 hit by Nigeria, weaker Australian dollar

LONDON, Aug 1 (Reuters) - Royal Dutch Shell took a $700 million hit in second quarter profits on Thursday for continuing oil thefts and disruption to its Nigeria operations and for the tax impact of a weakening Australian dollar. The impact was included in Shell's adjusted second quarter ne

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1 Aug 2013 06:20

Shell Q2 hit by Nigeria, weaker Australian dollar

LONDON, Aug 1 (Reuters) - Royal Dutch Shell took a $700 million hit in second quarter profits on Thursday for continuing oil thefts and disruption to its Nigeria operations and for the tax impact of a weakening Australian dollar. The impact was included in Shell's adjusted second quarter ne

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31 Jul 2013 14:33

UPDATE 2-Shell to sell at least 4 more Nigeria oil blocks -sources

* Oil majors scaling back onshore, shallow water Nigeria * Two blocks lie in region hit by oil theft, spills * Nigerian firms, partnered with foreign, expected to bid By Joe Brock ABUJA, July 31 (Reuters) - Royal Dutch Shell will sell at least four more oil blocks in Niger

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31 Jul 2013 12:35

Shell to sell at least four more Nigeria oil blocks - sources

ABUJA, July 31 (Reuters) - Royal Dutch Shell will sell at least four more oil blocks in Nigeria in its latest divestments from Africa's top oil exporter, three oil industry sources familiar with the deals said on Wednesday. The blocks are Oil Mining Licenses (OMLs) 13 and 16 onshore in the

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30 Jul 2013 22:27

Shell plans full turnaround at refinery in Scotford, Alberta

CALGARY, Alberta, July 30 (Reuters) - Shell Canada said on Tuesday it plans to do a full turnaround at its 100,000 barrel-per-day Scotford, Alberta, refinery in the autumn. Spokesman David Williams declined to give details on the timing of the maintenance or how long it would take. "

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30 Jul 2013 16:43

Shell's Ormen Lange gas field suffers outage

LONDON, July 30 (Reuters) - Royal Dutch Shell's giant Ormen Lange natural gas field in Norway suffered an unexpected power outage on Tuesday and will ramp up production over the next six hours, the operator said in a market message. Ormen Lange, which gets its power from the national grid,

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26 Jul 2013 19:22

UPDATE 1-U.S. appeals court upholds $105 mln Exxon payout in NYC case

By Mica Rosenberg NEW YORK, July 26 (Reuters) - A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive. The U.S. Second Circuit Court of Appeal

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26 Jul 2013 17:36

UPDATE 1-Nigeria LNG lifts force majeure on gas exports

ABUJA, July 26 (Reuters) - Nigeria's liquefied natural gas (NLNG) company has lifted a force majeure on gas exports, after the maritime security agency ended a blockade on its ships over a tax dispute, the company said on Friday. The Nigerian Maritime Administration and Safety Agency (NIMAS

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26 Jul 2013 12:38

Spain's Repsol signs gas supply contract with Gas Natural

MADRID, July 26 (Reuters) - Spanish utility Gas Natural Fenosa has signed two contracts to sell 2 billion cubic metres (bcm) of natural gas a year and 1 bcm of liquefied natural gas (LNG) a year to Spanish oil company Repsol, the utility firm said on Friday. The gas supply was to fuel the o

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26 Jul 2013 09:32

UPDATE 2-Lower oil prices hit Total despite rise in output

* Q2 adjusted net profit 2.7 bln euros vs consensus 2.62 bln euros * First year-on-year rise in output since 2010 * CEO says further changes in downstream business necessary * Q2 dividend 0.59 euros a share * Shares flat By Michel Rose PARIS, July 26 (Reuters)

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25 Jul 2013 14:00

UPDATE 2-Repsol eyes sale of Gas Natural stake, profits rise

* Will look at Gas Natural stake sale, in no hurry - CFO * Adjusted net profit 509 million euros, beats forecasts * Adjusted EBIT 979 million euros vs 944 million poll * Production up 12 percent, refining margins down 45 percent By Tracy Rucinski and Andrés GonzálezRead more

25 Jul 2013 13:31

UPDATE 2-Turkey probes tax affairs of Koc energy firms

* Probe launched into several Koc-owned firms * One of group's hotels sheltered protesters * Finance minister says no link to demonstrations (Adds analyst comment, background, updates shares) By Humeyra Pamuk and Evrim Ergin ANKARA/ISTANBUL, July 25 (Reuters) - Turkey's

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25 Jul 2013 11:58

Repsol says Gas Natural stake lost rationale after LNG asset sale

MADRID, July 25 (Reuters) - Spanish oil company Repsol's stake in Gas Natural Fenosa no longer made sense after the sale of its liquid natural gas (LNG) asset, Repsol's Chief Financial Officer Miguel Martinez said on Thursday. "We are not in a hurry, but it is true, that is something we ha

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24 Jul 2013 22:36

UPDATE 1-Louisiana agency sues big oil firms for hurting wetlands

NEW ORLEANS, July 24 (Reuters) - A Louisiana agency sued 97 oil companies - including BP Plc, Exxon Mobil Corp , Chevron Corp and Royal Dutch Shell Plc - in state court on Wednesday for allegedly damaging hundreds of miles of sensitive wetlands by cutting through them with pipelines and transpor

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