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Energy

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REFILE-UPDATE 1-Sembcorp Marine swings to profit in Q4, FY revenue lowest in decade

SINGAPORE, Feb 22 Singapore's Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year earlier, but a downturn in oil prices pushed annual revenue to its lowest in a decade.

3:54am GMT

UPDATE 2-YPF, Shell sign deal for Vaca Muerta pilot project

BUENOS AIRES, Feb 23 Argentina's state-run oil company YPF SA said it reached a preliminary deal with Royal Dutch Shell Plc on Thursday to develop oil and gas assets in the Vaca Muerta shale field, involving a $300 million investment from Shell.

M&A, Regulatory News 2:24am GMT

Oil sold out of tanker storage in Asia as market slowly tightens

* Traders sell 12 mln bbls oil from Asia floating storage -ship data

1:39am GMT

RPT-COLUMN-U.S. shale revival likely to cap oil price gains: Kemp

LONDON, Feb 23 U.S. shale producers are growing production again, renewing the challenge to OPEC’s market share and potentially limiting further increases in oil prices during 2017/18.

1:00am GMT

Most energy firms in Canada's Alberta to further cut costs -survey

CALGARY, Alberta, Feb 23 Most oil and gas firms in Canada's oil-rich Alberta, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday.

12:54am GMT

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