Peter Hutton News
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Repsol SA, the Spanish oil producer that lost a third of its value last year, said first-quarter earnings beat estimates as refining margins widened and production ramped up in Brazil.
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BG Group Plc, the U.K.’s third-largest oil and gas producer, rose the most in almost a year after reporting production and liquefied natural gas earnings that exceeded analysts’ expectations.
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Simon Henry is the frontrunner among analysts to become the next chief executive officer of Royal Dutch Shell Plc after Peter Voser unexpectedly announced his resignation next year from Europe’s biggest oil company.
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BP Plc Chief Executive Officer Bob Dudley will come under pressure from investors to boost the share price at today’s annual general meeting.
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BG Group Plc’s valuation falling by half in less than two years is making even a $60 billion company look vulnerable to a takeover as oil giants hunt for growth in new frontiers.
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OAO Rosneft, Russia’s state oil company, is the leading contender to buy BP Plc’s 50 percent stake in TNK-BP as the U.K. explorer looks to exit the venture that’s provided $19 billion in dividends since 2003.
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Royal Dutch Shell Plc and BP Plc will benefit from a plan to reverse the direction of the Seaway pipeline in the U.S. and pump crude to the Gulf of Mexico coast, RBC Capital Markets said.
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Royal Dutch Shell Plc is building the firepower to make acquisitions as record cash flow cuts debt to the lowest level in three years.
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The discovery along Africa’s east coast of the world’s biggest gas finds in a decade threatens to undo investment plans on the other side of the Indian Ocean.
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U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.
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