COPENHAGEN, Feb 2 (Reuters) - DONG Energy, the
world's biggest offshore wind farm developer, on Thursday
reported its first full-year net profit since 2011, but will
face tough competition for projects in Europe and the United
States from new players that are pushing down margins.
Read more
Thursday, February 2, 2017
UPDATE 2-ConocoPhillips loss smaller than expected on higher oil price
Feb 2 (Reuters) - ConocoPhillips, the largest U.S.
independent oil producer, reported a smaller-than-expected
quarterly loss on Thursday, helped by higher crude prices and
lower costs.
Read more
independent oil producer, reported a smaller-than-expected
quarterly loss on Thursday, helped by higher crude prices and
lower costs.
Read more
Brazil top court picks newest member to head corruption probes
BRASILIA, Feb 2 (Reuters) - The Supreme Court picked its
newest member on Thursday to take over the investigation of
politicians implicated in Brazil's biggest graft scandal, which
is expected to shake the country's establishment and its
government.
Read more
newest member on Thursday to take over the investigation of
politicians implicated in Brazil's biggest graft scandal, which
is expected to shake the country's establishment and its
government.
Read more
Saudi Aramco examines Berri oilfield oil, gas expansion -sources
KHOBAR, Saudi Arabia, Feb 2 (Reuters) - State oil giant
Saudi Aramco is considering expanding its oil and gas production
from the Berri offshore oilfield, industry sources told Reuters.
Read more
Saudi Aramco is considering expanding its oil and gas production
from the Berri offshore oilfield, industry sources told Reuters.
Read more
Crackdown on bush refineries unsettles Nigeria's oil heartland
OGONILAND, Nigeria, Feb 2 (Reuters) - Listening for the
engines of navy boats hunting illegal refineries in the swamps
of Nigeria's Niger Delta, workers heat up crude oil in a tank
next to a waterway.
Read more
engines of navy boats hunting illegal refineries in the swamps
of Nigeria's Niger Delta, workers heat up crude oil in a tank
next to a waterway.
Read more
UPDATE 3-Shell nears another $5 bln in sales to ease debt load
* Renewable energy spending capped at below $1 bln
(Recasts, adds details, CFO, CEO, investor quotes, updates
shares)
Read more
(Recasts, adds details, CFO, CEO, investor quotes, updates
shares)
Read more
ConocoPhillips reports smaller quarterly loss
Feb 2 (Reuters) - ConocoPhillips, the largest U.S.
independent oil producer, posted a much smaller quarterly loss
from a year earlier, when it recorded a $2.7 billion charge.
Read more
independent oil producer, posted a much smaller quarterly loss
from a year earlier, when it recorded a $2.7 billion charge.
Read more
Saudi Aramco likely to list on multiple exchanges at same time -minister
RIYADH, Feb 2 (Reuters) - Saudi Aramco is likely to list its
shares simultaneously on more than one exchange but this is
still under evaluation, Energy Minister Khalid al-Falih said on
Thursday.
Read more
shares simultaneously on more than one exchange but this is
still under evaluation, Energy Minister Khalid al-Falih said on
Thursday.
Read more
Britain's FTSE flat as sterling strength outweighs M&A and strong miners
LONDON, Feb 2 (Reuters) - Britain's blue-chip FTSE 100
index was flat on Thursday, as a strong sterling offset
gains by consumer products group Reckitt Benckiser
related to a potential acquisition, as well as strong energy and
mining sectors.
Read more
index was flat on Thursday, as a strong sterling offset
gains by consumer products group Reckitt Benckiser
related to a potential acquisition, as well as strong energy and
mining sectors.
Read more
West African push to clean up toxic fuel hits snags
LONDON, Feb 2 (Reuters) - A West African drive to clean up
toxic fuels that campaigners say pose a health hazard to
millions has run into difficulties less than two months after it
was announced, according to importers, traders and other oil
industry insiders.
Read more
toxic fuels that campaigners say pose a health hazard to
millions has run into difficulties less than two months after it
was announced, according to importers, traders and other oil
industry insiders.
Read more
UPDATE 1-Russian oil output down 100,000 bpd in January after global deal
* Russian oil output down to 11.11 mln bpd in January
* Pipeline oil exports up to 4.409 mln bpd last month
* Russia pledged to cut oil output by 300,000 bpd by H1-end
* All Russian majors cut oil output in January
(Writes through, adds quotes, details)
By Olesya Astakhova and Vladimir Soldatkin
MOSCOW, Feb 2 (Reuters) - Russian oil output contracted in
January by 100,000 barrels per day, led by decline at all the
major domestic producers and following a global accord aime
Read more
* Pipeline oil exports up to 4.409 mln bpd last month
* Russia pledged to cut oil output by 300,000 bpd by H1-end
* All Russian majors cut oil output in January
(Writes through, adds quotes, details)
By Olesya Astakhova and Vladimir Soldatkin
MOSCOW, Feb 2 (Reuters) - Russian oil output contracted in
January by 100,000 barrels per day, led by decline at all the
major domestic producers and following a global accord aime
Read more
UPDATE 1-Shell profit misses forecast due to forex-related charge
LONDON, Feb 2 (Reuters) - Royal Dutch Shell's
profits were lower than forecast in the last quarter of 2016 due
to an unexpected charge relating to foreign exchange moves, but
it was still ahead of its larger U.S. rival Exxon Mobil.
Read more
profits were lower than forecast in the last quarter of 2016 due
to an unexpected charge relating to foreign exchange moves, but
it was still ahead of its larger U.S. rival Exxon Mobil.
Read more
UPDATE 1-Glencore sticks with 2017 production targets
LONDON, Feb 2 (Reuters) - Glencore stuck with its
target for broadly higher output in 2017 on Thursday after
reporting falls in copper and zinc which led overall production
lower last year.
Read more
target for broadly higher output in 2017 on Thursday after
reporting falls in copper and zinc which led overall production
lower last year.
Read more
Wednesday, February 1, 2017
Shell misses fourth-quarter estimates after $500 mln of impairments
LONDON, Feb 2 (Reuters) - Royal Dutch Shell,
Europe's largest oil major, missed analysts' profit expectations
for the fourth quarter after booking $500 million of
impairments.
Read more
Europe's largest oil major, missed analysts' profit expectations
for the fourth quarter after booking $500 million of
impairments.
Read more
Glencore sticks with 2017 production targets
LONDON, Feb 2 (Reuters) - Mining and trading group
Glencore's full-year output was in line with target, it
said on Thursday, and reiterated its 2017 guidance.
Read more
Glencore's full-year output was in line with target, it
said on Thursday, and reiterated its 2017 guidance.
Read more
After 16 attempts, a cheaper method for carbon capture at work in India
MUMBAI, Feb 2 (Thomson Reuters Foundation) - As students at
the prestigious Indian Institute of Technology in Kharagpur in
eastern India, Aniruddha Sharma and Prateek Bumb had one
obsession: finding a cheaper, more efficient way to capture
carbon emissions to combat climate change.
Read more
the prestigious Indian Institute of Technology in Kharagpur in
eastern India, Aniruddha Sharma and Prateek Bumb had one
obsession: finding a cheaper, more efficient way to capture
carbon emissions to combat climate change.
Read more
RPT-COLUMN-Saudi Arabia cannot escape destiny as swing producer: Kemp
LONDON, Feb 2 (Reuters) - Saudi Arabia has been forced to
return to the role of swing producer in the oil market, despite
the country's insistence for three decades it would never play
the role again.
Read more
return to the role of swing producer in the oil market, despite
the country's insistence for three decades it would never play
the role again.
Read more
UPDATE 1-U.S. House axes rules to prevent corruption, pollution
WASHINGTON, Feb 1 (Reuters) - Two major U.S. rules aimed at
curbing corruption and pollution in the energy sector may be
entirely wiped from the books by next week, after the
Republican-led House of Representatives on Wednesday voted to
repeal them.
Read more
curbing corruption and pollution in the energy sector may be
entirely wiped from the books by next week, after the
Republican-led House of Representatives on Wednesday voted to
repeal them.
Read more
UPDATE 2-U.S. Senate confirms Tillerson as secretary of state
WASHINGTON, Feb 1 (Reuters) - The U.S. Senate confirmed Rex
Tillerson as President Donald Trump's secretary of state on
Wednesday, filling a key spot on the Republican's national
security team despite concerns about the former Exxon Mobil Corp
chief executive officer's ties to Russia.
Read more
Tillerson as President Donald Trump's secretary of state on
Wednesday, filling a key spot on the Republican's national
security team despite concerns about the former Exxon Mobil Corp
chief executive officer's ties to Russia.
Read more
Washington state pipeline disruption jury fails to reach verdict
Feb 1 (Reuters) - A jury weighing charges against an
activist behind a coordinated protest that disrupted the flow of
millions of barrels of crude oil into the United States failed
to reach a verdict in a case in Washington state, prosecutors
said on Wednesday.
Read more
activist behind a coordinated protest that disrupted the flow of
millions of barrels of crude oil into the United States failed
to reach a verdict in a case in Washington state, prosecutors
said on Wednesday.
Read more
U.S. House axes regulations on oil and mining company payments, stream pollution
WASHINGTON, Feb 1 (Reuters) - The Republican-led U.S. House
of Representatives on Wednesday killed two Obama-era rules, one
intended to root out corruption in the extraction sector and one
aimed at reducing stream pollution.
Read more
of Representatives on Wednesday killed two Obama-era rules, one
intended to root out corruption in the extraction sector and one
aimed at reducing stream pollution.
Read more
UPDATE 3-Activist ire rises as Dakota pipeline review begins
WASHINGTON/CANNON BALL, N.D., Feb 1 (Reuters) - Activists
protesting the Dakota Access Pipeline project expressed alarm on
Wednesday after federal lawmakers from the state said the final
permit had been granted for the project - a statement later
contradicted by the Army, which issues such permits.
Read more
protesting the Dakota Access Pipeline project expressed alarm on
Wednesday after federal lawmakers from the state said the final
permit had been granted for the project - a statement later
contradicted by the Army, which issues such permits.
Read more
UPDATE 2-U.S. Senate delays vote on Trump EPA pick after Democrats boycott
WASHINGTON, Feb 1 (Reuters) - Republican U.S. senators on
Wednesday delayed a committee vote on President Donald Trump's
pick to head the Environmental Protection Agency after the
panel's Democrats boycotted the meeting, saying that nominee
Scott Pruitt doubts the science of climate change.
Read more
Wednesday delayed a committee vote on President Donald Trump's
pick to head the Environmental Protection Agency after the
panel's Democrats boycotted the meeting, saying that nominee
Scott Pruitt doubts the science of climate change.
Read more
Faced with U.S. retreat on climate change, EU looks to China
BRUSSELS, Feb 1 (Reuters) - Faced with a U.S. retreat from
international efforts to tackle climate change, European Union
officials are looking to China, fearing a leadership vacuum will
embolden those within the bloc seeking to slow the fight against
global warming.
Read more
international efforts to tackle climate change, European Union
officials are looking to China, fearing a leadership vacuum will
embolden those within the bloc seeking to slow the fight against
global warming.
Read more
BlackRock makes energy acquisition as U.S. infrastructure policy looms
NEW YORK, Feb 1 (Reuters) - BlackRock Inc is pushing
further into the private infrastructure market with an agreement
to buy First Reserve Corp's Energy Infrastructure Funds unit.
Read more
further into the private infrastructure market with an agreement
to buy First Reserve Corp's Energy Infrastructure Funds unit.
Read more
UPDATE 2-U.S. takes steps to review Dakota Access pipeline
WASHINGTON, Feb 1 (Reuters) - The U.S. Army Corps of
Engineers said on Wednesday it has taken initial steps to review
requests to approve the final permit to finish the Dakota Access
pipeline, the focus of protests for months.
Read more
Engineers said on Wednesday it has taken initial steps to review
requests to approve the final permit to finish the Dakota Access
pipeline, the focus of protests for months.
Read more
Forestry firm UPM says eyeing next biofuel investment
HELSINKI, Feb 1 (Reuters) - Finnish pulp and paper maker
UPM-Kymmene is planning its next step in wood-based
renewable fuel products after a successful ramp-up at its
initial biofuels plant, the head of UPM's biofuels business said
on Wednesday.
Read more
UPM-Kymmene is planning its next step in wood-based
renewable fuel products after a successful ramp-up at its
initial biofuels plant, the head of UPM's biofuels business said
on Wednesday.
Read more
UPDATE 1-Marathon CEO says consumers will bear brunt of any border tax
Feb 1 (Reuters) - Marathon Petroleum Corp's chief
executive officer said on Wednesday the company would pass along
any costs incurred under a Republican-backed plan to impose a
tax on crude oil and other imports.
Read more
executive officer said on Wednesday the company would pass along
any costs incurred under a Republican-backed plan to impose a
tax on crude oil and other imports.
Read more
UPDATE 1-Global oil output cut by 1.4 mln bpd -Russian energy minister
NOVO-OGARYOVO, Russia, Feb 1 (Reuters) - Global oil output
was cut by 1.4 million barrels per day (bpd) last month, Russian
energy minister Alexander Novak told President Vladimir Putin on
Wednesday, citing preliminary data.
Read more
was cut by 1.4 million barrels per day (bpd) last month, Russian
energy minister Alexander Novak told President Vladimir Putin on
Wednesday, citing preliminary data.
Read more
Global oil output down by 1.4 mln bpd in Jan, Russia says
MOSCOW, Feb 1 (Reuters) - Global oil output was cut by 1.4
million barrels per day (bpd) last month, Russian energy
minister Alexander Novak told president Vladimir Putin on
Wednesday, citing preliminary data.
Read more
million barrels per day (bpd) last month, Russian energy
minister Alexander Novak told president Vladimir Putin on
Wednesday, citing preliminary data.
Read more
Tesla drops 'Motors' from name as CEO Musk looks beyond cars
Feb 1 (Reuters) - Tesla Motors Inc changed its name
to "Tesla Inc" as Chief Executive Elon Musk looks to transform
the Silicon Valley firm from an electric car maker to a
diversified energy products company.
Read more
to "Tesla Inc" as Chief Executive Elon Musk looks to transform
the Silicon Valley firm from an electric car maker to a
diversified energy products company.
Read more
HIGHLIGHTS-The Trump presidency on Feb 1 at 8:52 a.m. EST/1352 GMT
Feb 1 (Reuters) - Highlights of the day for U.S. President
Donald Trump's administration on Wednesday:
Read more
Donald Trump's administration on Wednesday:
Read more
Iraq complies with scale, if not absolute level, of OPEC cut - sources, data
LONDON/DUBAI, Feb 1 (Reuters) - Iraq significantly reduced
oil output in January, according to industry sources and export
data on Wednesday, but has yet to reach levels expected by OPEC
from its second largest producer.
Read more
oil output in January, according to industry sources and export
data on Wednesday, but has yet to reach levels expected by OPEC
from its second largest producer.
Read more
UPDATE 1-Marathon Petroleum's profit beats; says to speed up asset transfer
Feb 1 (Reuters) - Marathon Petroleum Corp reported a
higher-than-expected quarterly profit and said it would speed up
the transfer of assets to its unit, MPLX LP.
Read more
higher-than-expected quarterly profit and said it would speed up
the transfer of assets to its unit, MPLX LP.
Read more
RPT-COLUMN-China iron ore imports off to strong start; support rally: Russell
LAUNCESTON, Australia, Feb 1 (Reuters) - There is
fundamental justification for the strong start to 2017 for iron
ore prices, with imports by top buyer China remaining robust and
showing no signs of easing.
Read more
fundamental justification for the strong start to 2017 for iron
ore prices, with imports by top buyer China remaining robust and
showing no signs of easing.
Read more
OPEC cut extension could hurt Saudi plan to balance market- Gunvor
ANTWERP, Feb 1 (Reuters) - An extension of OPEC oil
production cuts could push oil prices too high to meet Saudi
Arabia and others' objective of balancing the market without
encouraging U.S. shale output, Gunvor's head of oil market
research said on Wednesday.
Read more
production cuts could push oil prices too high to meet Saudi
Arabia and others' objective of balancing the market without
encouraging U.S. shale output, Gunvor's head of oil market
research said on Wednesday.
Read more
Etihad, Lufthansa sign catering, maintenance deals
ABU DHABI, Feb 1 (Reuters) - Etihad has signed a $100
million deal to take catering services from Lufthansa
unit LSG and will look at cooperation on maintenance as the two
carriers seek to strengthen cooperation.
Read more
million deal to take catering services from Lufthansa
unit LSG and will look at cooperation on maintenance as the two
carriers seek to strengthen cooperation.
Read more
UPDATE 1-Iran's president calls Trump a political novice over travel ban
DUBAI, Feb 1 (Reuters) - Iran's President Hassan Rouhani
dismissed his U.S. counterpart Donald Trump as a political
novice on Wednesday, stepping up criticism of the Republican's
immigration policies including a temporary travel ban on
Iranians.
Read more
dismissed his U.S. counterpart Donald Trump as a political
novice on Wednesday, stepping up criticism of the Republican's
immigration policies including a temporary travel ban on
Iranians.
Read more
Flowering compost urinals adorn smelly corner of Paris
PARIS, Feb 1 (Reuters) - Two compost urinals topped with
miniature gardens have been installed at a notoriously smelly
site in Paris - behind the Gare de Lyon station in the east of
the French capital.
Read more
miniature gardens have been installed at a notoriously smelly
site in Paris - behind the Gare de Lyon station in the east of
the French capital.
Read more
Japan's Kansai Electric cancels plans to switch oil-fired power station to coal
Feb 1 (Reuters) - Japan's Kansai Electric Power has
cancelled plans to switch a 1,200 megawatt oil-fired power
station to coal as demand for electricity fell amid a push to
cut the country's emissions after it signed up to a global
climate change accord.
Read more
cancelled plans to switch a 1,200 megawatt oil-fired power
station to coal as demand for electricity fell amid a push to
cut the country's emissions after it signed up to a global
climate change accord.
Read more
Russia's oil output down by 100,000 bpd in January - sources
MOSCOW, Feb 1 (Reuters) - Russia has cut its oil and gas
condensate production in January by around 100,000 barrels per
day (bpd), as concluded from the data provided to Reuters by two
industry sources on Wednesday.
Read more
condensate production in January by around 100,000 barrels per
day (bpd), as concluded from the data provided to Reuters by two
industry sources on Wednesday.
Read more
Iran's president calls Trump a political novice over travel ban
DUBAI, Feb 1 (Reuters) - Iran's President Hassan Rouhani
dismissed his U.S. counterpart Donald Trump as a political
novice on Wednesday, stepping up criticism of Washington's
temporary travel ban on Iranians and citizens of six other
Muslim-majority countries
Read more
dismissed his U.S. counterpart Donald Trump as a political
novice on Wednesday, stepping up criticism of Washington's
temporary travel ban on Iranians and citizens of six other
Muslim-majority countries
Read more
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