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Royal Dutch Shell Plc .com: Round-up of Energy News

From The Daily Telegraph: Database
(Filed: 04/07/2006)

A round-up of headlines from across the financial sectors, provided by Bloomberg News


• BP reported a fourth quarter of falling production as Venezuela appropriated more of its output. It also said a Texas refinery explosion was $500m (£270m) more costly than estimated.

• BAE Systems shares fell as much as 6.7pc after the stake in planemaker Airbus that it is selling to European Aeronautic, Defence & Space was valued at just €2.75bn (£1.9bn).

• The three BP traders accused by regulators of trying to corner the US propane market lost $10m, when they failed to sell their inventory, court documents show.

• Royal Dutch Shell said its Pernis oil refinery has not returned to normal production after problems were discovered during inspection and maintenance.

• Gazprom is considering taking a 9pc stake in a pipeline that will connect the Netherlands with Britain.

• British Nuclear Fuels said full-year profit rose 13pc after it cut costs.

• Oil and gas company Cairn Energy said it has gained approval from India to develop four fields in Rajasthan. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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