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Australian company targets 'under-explored' gas in Portugal

LISBON, Dec 11 A search for hydrocarbons in Portugal's onshore Lusitanian basin could reveal enough natural gas to supply the whole country for two-and-a-half years, according to the boss of Australis Oil & Gas, which has exclusive rights to two concessions in the area.

3:06pm GMT

UPDATE 7-Oil gains as global equities climb, Libya output drops

* Russia outlines gradual cut as part of OPEC+ deal (Updates with comment, graphic; refreshes prices)

UPDATE 1-Cuadrilla pauses gas fracking at English site after more tremors

LONDON, Dec 11 British shale gas company Cuadrilla has again paused fracking at its Preston New Road site in Lancashire, northwest England, after tremors were detected, the company said.

2:37pm GMT

UPDATE 1-France's Total sees robust demand for LNG from Russia's Yamal

SABETTA, Russia, Dec 11 French oil and gas group Total believes there is enough demand on the spot market for liquefied natural gas from its Yamal LNG plant in Russia, Total's chief executive said on Tuesday, as the project has expanded ahead of schedule.

2:26pm GMT

UN seeks withdrawal of warring parties from Yemen's Hodeidah -sources

RIMBO, Sweden, Dec 11 The United Nations is proposing that all armed forces from Yemen's warring parties withdraw from the port city of Hodeidah and that an interim entity be set up to run the city, a lifeline for millions of people in the country's war, sources said.

2:21pm GMT
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