Royal Dutch Shell (RDSa.L) issued a «significant» profit warning on Friday, detailing across-the-board problems and the extent of the challenges facing the oil major’s new boss Ben van Beurden, who took over two weeks ago. (Read more… http://www.reuters.com/article/2014/01/17/us-shell-warning-idUSBREA0G0B220140117)
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In the first concrete moves towards forming a buyers’ group for liquefied natural gas (LNG), Tokyo Electric Power Co is proposing to rope in domestic and foreign firms to jointly procure up to 40 million tonnes a year of the fuel to cut costs. (Read more… http://www.reuters.com/article/2014/01/17/japan-lng-procurement-idUSL3N0KR21M20140117)
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by Junior explorer Leni Gas and Oil (LGO) reported Friday that it has received the go-ahead for a planned drilling campaign of 30 new wells on the Goudron Field, onshore Trinidad. (Read more…http://www.rigzone.com/news/oil_gas/a/131145/Leni_Gets_GoAhead_for_Goudron_Field_Drilling)
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by British oil and gas company BG Group will soon begin oil and gas exploration on Honduras’s Atlantic coast with an initial investment of at least $20 million, a company executive said on Thursday. (Read more… http://www.rigzone.com/news/oil_gas/a/131138/BG_Group_to_Begin_Honduras_Oil_Gas_Exploration_with_20M_Investment)
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by Roughly two weeks into his job, the chief executive of Royal Dutch Shell warned on Friday that the oil company’s fourth-quarter results would be lower than financial markets had anticipated. (Read more… http://www.nytimes.com/2014/01/18/business/energy-environment/shell-issues-profit-warning.html?ref=energy-environment&_r=0)
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by Premier Oil insisted on Thursday it remained set to deliver oil from disputed waters north of the Falkland Islands by the end of the decade, in spite of the schedule to develop the Sea Lion discovery slipping. (Read more… http://www.ft.com/intl/cms/s/0/fbcb6ab4-7eab-11e3-8642-00144feabdc0.html#axzz2qPCxuB8G)
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by For a moment, it was all going so well. Shares of Royal Dutch Shell had risen nicely since October, nearing the top of their 12-month trading range. Analysts had begun to upgrade the shares, expecting that the long-promised, much discussed restructuring would begin to yield results. What the market got on Friday in Shell’s trading update was more promises. More discussion will follow; results may or may not. (Read more… http://www.ft.com/intl/cms/s/3/2f4ec330-7f66-11e3-94d2-00144feabdc0.html#axzz2qPCxuB8G)
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by Royal Dutch Shell has issued its first profit warning in 10 years, in a sign of the uphill struggle facing new chief executive Ben van Beurden in trying to turnround the company’s fortunes. (Read more… http://www.ft.com/intl/cms/s/0/9dd72e02-7f46-11e3-b6a7-00144feabdc0.html#axzz2qPCxuB8G)
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by Reliance Industries produced a modest increase in net profits in the third quarter, beating expectations of a fall in earnings and further buoying investor hopes for a longer-term turnround in the performance of India’s largest industrial company by revenue. (Read more… http://www.ft.com/intl/cms/s/0/77ca6d9a-7f79-11e3-b6a7-00144feabdc0.html#axzz2qPCxuB8G)
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by The world of energy is in a state of turmoil. Not only is the way we produce it changing, but also the way we transmit, distribute and consume it.
From the wellhead to the wheel, from the power station to the light switch, the global energy industry is being refashioned in ways that could profoundly affect our lives. (Read more… http://www.ft.com/intl/cms/s/0/492c26fe-793e-11e3-b381-00144feabdc0.html#axzz2qPCxuB8G)
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