Europe, Middle East and Africa Oil and Gas Correspondent
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Apr 30, 2012

Companies plan for two-speed Europe

LONDON (Reuters) – Companies are planning for a two speed Europe, devising strategies to take advantage of growth in the northern part of the continent while plotting more corporate austerity for the moribund south.

Dismal overall European sales were a recurring theme among big U.S. and European companies reporting first quarter results in the past fortnight.

Apr 27, 2012

Analysis: Companies plan for two-speed Europe

LONDON (Reuters) – Companies are planning for a two speed Europe, devising strategies to take advantage of growth in the northern part of the continent while plotting more corporate austerity for the moribund south.

Dismal overall European sales were a recurring theme among big U.S. and European companies reporting first quarter results in the past fortnight.

Apr 27, 2012

Companies plan for two-speed Europe

LONDON (Reuters) – Companies are planning for a two speed Europe, devising strategies to take advantage of growth in the northern part of the continent while plotting more corporate austerity for the moribund south.

Dismal overall European sales were a recurring theme among big U.S. and European companies reporting first quarter results in the past fortnight.

Apr 27, 2012

Slower China economy a worry for Western firms

BOSTON/LONDON (Reuters) – As China’s economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets.

Caterpillar Inc (CAT.N: Quote, Profile, Research), 3M Co (MMM.N: Quote, Profile, Research), United Technologies Corp (UTX.N: Quote, Profile, Research) and ABB Ltd (ABBN.VX: Quote, Profile, Research) are among the manufacturers that have reported weak performances in China in the first quarter, as economic growth slowed to a near three-year-low.

Apr 26, 2012

Analysis: Slower China economy a worry for Western firms

BOSTON/LONDON (Reuters) – As China’s economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets.

Caterpillar Inc (CAT.N: Quote, Profile, Research, Stock Buzz), 3M Co (MMM.N: Quote, Profile, Research, Stock Buzz), United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) and ABB Ltd (ABBN.VX: Quote, Profile, Research, Stock Buzz) are among the manufacturers that have reported weak performances in China in the first quarter, as economic growth slowed to a near three-year-low.

Apr 26, 2012

Shell bullish on China shale gas

LONDON, April 26 (Reuters) – Royal Dutch Shell gave
a bullish outlook for the development of shale gas in China on
Thursday, saying the Anglo-Dutch oil major’s drilling there
suggested vast resources could be unlocked at a relatively low
cost.

Chief Financial Officer Simon Henry said Shell had not yet
determined the cost of producing shale gas in China but that it
would probably be within the $2 to $6 per million British
thermal units (Btu) seen in North America, a level that would be
competitive with alternative gas sources.

Apr 26, 2012

Shell first quarter profit rises on higher oil

LONDON (Reuters) – Royal Dutch Shell beat forecasts with an 11 percent rise in fourth-quarter profit, as higher oil prices outweighed the impact of lower U.S. gas prices.

Europe’s largest oil company by market capitalization said on Thursday its current cost of supply (CCS) net income was $7.70 billion (4.7 billion pounds).

Apr 26, 2012

Shell Q1 profit rises on higher oil

LONDON (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) beat forecasts with an 11 percent rise in fourth-quarter profit, as higher oil prices outweighed the impact of lower U.S. gas prices.

Europe’s largest oil company by market capitalization said on Thursday its current cost of supply (CCS) net income was $7.70 billion.

Apr 22, 2012

Argentina’s YPF cuts computer links with Repsol

LONDON, April 22 (Reuters) – Argentine oil group YPF has cut
computer links with parent Repsol, two sources familiar
with the matter said on Sunday, following Buenos Aires’ plans
unveiled last week to seize control of the leading energy
company.

The move is the latest in a string of actions that have shut
Spain’s Repsol out of YPF, even before Argentina has implemented
laws to provide the basis for the nationalisation.

Apr 19, 2012

Companies shun Bahrain Grand Prix hospitality

LONDON, April 19 (Reuters) – Western companies are opting
not to entertain clients and partners at the Bahrain Grand Prix
following calls for sponsors to boycott the event because of
political turmoil.

Royal Dutch Shell, which sponsors the Ferrari
racing team, will not be hosting any guests at the event, a
source familiar with the company’s plans said.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
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