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Gas withdrawals from Centrica's UK storage site in unplanned cut LONDON: Britain's biggest underground gas storage facility, Rough, was undergoing an unplanned cut to withdrawals on Monday, operator Centrica said. The flow cut began at 0600 GMT and is expected to reduce withdrawal capacity by 9 million cubic meters (mcm) per day, a Centrica spokeswoman said. The withdrawal cut is expected to end at 0559 GMT on Tuesday the spokeswoman said. Copyright Reuters, 2015 ...
Statoil starts up Oseberg Delta 2 field, on time, under budget OSLO: Norwegian energy firm Statoil has started up production at its Oseberg Delta 2 development in the North Sea, expecting to produce around 77 million barrels of oil equivalents from the field, it said on Monday.Completed at a cost of just under 7 billion crowns ($926 million), below initial plans for just under 8 billion crowns, the prospect will produce through wells tied into the Oseberg field center, Statoil said."There are also some good opportunities ...
Global LNG: Asia languishes behind stronger Europe LONDON: Asian spot liquefied natural gas prices remained at a discount to European prices, with limited fresh business being done in the world's top consuming region, traders said on Friday.The price of spot LNG for April delivery held steady at $6.70 per million British thermal units (mmBtu) on Friday in line with the previous week, while Europe's benchmark UK gas hub prices maintained a premium. "There remains a small premium into Europe, we see increasing ...
European stocks mixed before Greece talks LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on renegotiating the country's bailout terms.In mid-afternoon trading, Frankfurt's DAX 30 index was down 0.09 percent to 10,9991.89 points, and the CAC 40 in Paris lost 0.74 percent to 4,797.51. In London, the benchmark FTSE 100 rose 0.19 percent to 6,902.26 points as investors reacted to mixed economic data in non-eurozone member Britain.The euro fell to $1.1313 in London ...
Oil rises towards $61, US rig count expected to fall LONDON: Brent crude oil rose towards $61 a barrel on Friday as expectations of falling US rig count numbers outweighed concerns about oversupply. The number of rigs drilling for oil in the United States fell to its lowest since August 2011 last week.This week's numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT on Friday. "A further sharp decrease in the oil rig count is expected ... which points to ...