• The price of natural gas for delivery this winter declined for the third day as confidence grew over new import pipelines.
• Royal Dutch Shell said offshore drilling at its largest exploration area in Egypt will begin in the fourth quarter.
• Interconnector, which owns the natural-gas pipeline linking England and Belgium, will export the fuel to mainland Europe starting tomorrow.
• Granby Oil & Gas said it agreed with an ExxonMobil subsidiary to acquire a 50pc stake in a gas development in the southern North Sea. Granby shares rose.
• Biofuels, which makes diesel fuel from vegetable oil, is on schedule with its new Teesside plant; production is at 65pc of capacity.
• Venture Production, the Scottish oil-and-gas company, agreed to buy CH4 Energy for about €224m (£153m) to expand in the Dutch part of the North Sea. The shares rose to a record.
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