* Norway gas exports at 300 mcm/day * Langeled flows to UK at 42 mcm/day OSLO, March 25 (Reuters) - Gas exports from Norway rose toGermany on Tuesday morning from the previous day average, whileflows to Britain remained curtailed due to an outage, data fromgas system operator Gassco showed. The outage affecting output from Royal Dutch Shell's Ormen Lange field offshore Norway was extended intoTuesday, Gassco said in a market message. It reduced Norway's gas output by 18 million cubic metres(mcm) on Tuesday after a 24 mcm cut on Monday and will lastuntil around 1330 GMT on Tuesday. Ormen Lange feeds gas to the onshore Nyhamna gas processingplant, which pumps to Britain through the Langeled pipeline. Flows through the Langeled dropped from 65 million cubicmetres (mcm) per day to 19 mcm per day on Monday evening, butrecovered to 42 mcm/day by 0900 GMT on Tuesday morning. The following table shows Norwegian pipeline gas flowsmeasured in mcm/day compared with the previous day's closinglevel: Destination Real time Pvs session Change (mcm) Britain 42 44 -2 Germany & Netherlands 139 127 12 France 49 45 4 Belgium 42 45 -3 Total 300 293 7 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 March 24 March 21 NBP (UK) 22.3/54.9 22.7/55.5 TTF (Netherlands) 22.6 22.0 NCG (Germany) 22.8 22.5 Gaspool (Germany) 22.6 22.5 Zeebrugge (Belgium) 22.3 22.3 Peg Nord (France) 23.2 22.5 Peg Sud (France) 24.1 23.4 Oil-indexed prices* 29.46/30.97/34.41 29.46/30.97/34.41 NOTE: Prices are in euros per megawatt-hour, except for NBP(euros/MWh & p/th). The oil-indexed price for Russian gas is anestimate 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 William Hardy)
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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