* Norwegian gas exports total 333 mcm/day * Flows to Britain surge by 31 mcm/day OSLO, Feb 3 (Reuters) - Norway's natural gas exports toBritain surged on Tuesday after an outage ended at Kollsnes, thecountry's biggest gas processing plant, data from gas systemoperator Gassco showed. Flows to Britain, Europe's biggest traded gas market, wereup 31 million cubic metres (mcm) to 120 mcm/day by 1030 GMT. Kollsnes production capacity was reduced by 34.5 mcm/day onMonday due to an unexpected outage, which started last Friday. Two smaller outages, including at the Sleipner gas field,were expected to curtail Norway's gas production capacity by22.2 mcm/day on Tuesday, Gassco said on its website. The following table shows Norwegian pipeline gas flows,measured by mcm/day, compared with the previous session'saverage: Destination Real time Pvs session Change average (mcm) Britain 120 89 31 Germany & Netherlands 115 113 2 France 55 53 2 Belgium 43 43 0 Total 333 298 35 NOTE: Pipeline gas export figures are based on gas fed into thesystem at a certain time and calculated as a daily average.Levels can vary throughout the day as producers adjust theamount of gas they export, according to changing nominations, ororders, from customers. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub Feb 2 Jan 30 NBP (UK) 21.9/48.3 21.9/48.0 TTF (Netherlands) 21.0 20.2 NCG (Germany) 21.4 20.7 Gaspool (Germany) 21.1 20.7 Zeebrugge (Belgium) 21.2 21.2 Peg Nord (France) 21.9 21.4 Peg Sud (France) 21.9 21.5 Oil-indexed prices* 27.81/29.35/32.61 27.81/29.35/32.61 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). The oil-indexed price for Russian gas isan estimate by Thomson Reuters Point Carbon. * The oil-indexed prices mentioned above are in order:Russia spot-indexed gas/Russian oil-linked discountedgas/Russian outright oil-indexed gas. (Reporting by Nerijus Adomaitis; editing by Jason Neely)
Shell announces $4bn share buyback as Q3 profits beat expectations
(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.
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