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Woodside in talks with Apache on Pluto project gas

PERTH, May 21 - Australia's Woodside Petroleum Ltd (WPL.AX) is in talks with U.S. firm Apache Energy (APA.N), and Apache's Kuwaiti partner, to buy gas to support Woodside's Pluto gas-export project off western Australia. Woodside said on Thursday it had signed a non-binding ...

Australia's Santos to announce capital raising

PERTH, May 11 - Australian oil and gas producer Santos Ltd (STO.AX) will announce a proposed capital raising involving institutional and retail investors on Monday, it said in a statement. It requested a halt to the trading of its shares pending the announcement. The halt will ...

Iraq aim to revive pre-war energy deals

p>Russia and Iraq have agreed to work on restoring oil contracts that they signed before the U.S.-led invasion of Iraq in 2003, Russia's energy minister said after the two countries' prime ministers met on Friday. A Russian consortium including oil group LUKOIL (LKOH.MM) signed a ...

China discovers two new oil fields again

p>China National Offshore Oil Company Limited (CNOOC Ltd.) announced Friday it has started drilling in two new oil and gas formations discovered in East China's Bohai Bay. Both are independent exploration discoveries of CNOOC Ltd, the company said in a statement. Bozhong (BZ) 2-1...

Marathon output rises, but price weakness weighs

HOUSTON, April 14 - Integrated oil and gas producer Marathon Oil Corp (MRO.N) said on Tuesday its first-quarter output would top its forecast, but that prices for oil and gas fell sharply from a year earlier. Oil and gas available for sale during the first quarter would be about ...

Iteration to renew credit facility; raise C$50 mln

p>Canada's Iteration Energy Ltd (ITX.TO), said it is negotiating renewal of its credit facilities and plans to raise C$50 million by issuing shares, prompting analysts to temper their views on the stock. "While the equity offering is being done at a substantial discount to the ...

Anadarko oil chief attacks U.S. green policy-FT

p>Washington's energy and environmental policy risks plunging the United States into an economic tailspin that could make it "the world's cleanest third world country," a top U.S. oil executive was reported as saying by the Financial Times newspaper. "The histrionic and maniacal ...

Alaska forecasts oil-output drop, more oil spending

p>Alaska North Slope oil output is expected to drop 5 percent in the coming fiscal year as its oilfields age, and average prices of its crude oil are expected to fall, causing a dip in income for the state, its Department of Revenue forecast on Friday. Despite that, the state ...

China CNOOC: No plan to buy oil firms during crisis

p>BOAO, April 19-China's offshore oil specialist CNOOC has no plan to buy oil firms abroad during the global financial crisis, and will look instead for foreign partners to make joint investments, chairman Fu Chengyu said on Sunday. Awash with capital and facing strong domestic ...

Russia plans to gain shares in liquefied gas market

MOSCOW, April 20 - Russia is planning to increase its shares in the liquefied gas market, Russian news agencies reported on Monday citing First Deputy Foreign Minister Andrei Denisov. "Our energy strategy aims to increase the share of liquefied gas in Russia's exports. Fields in ...

Santos Q1 output down 4 pct, holds year guidance

PERTH, April 23 - Australian oil and gas producer Santos Ltd (STO.AX) posted a 4 percent fall in first-quarter production, but maintained its full-year production and cost guidance. Total production in the three months to March 31 was 13.2 million barrels of oil equivalent (boe), ...

Woodside signs agreement for Australia LNG project

PERTH, April 22 - Woodside Petroleum Ltd (WPL.AX), Australia's second-largest oil and gas producer, has signed a heads of agreement for the development of a liquefied natural gas (LNG) facility in western Australia's Kimberley region, it said on Wednesday. The agreement between ...

Suncor to buy Petro-Canada for C$18.4 bln

CALGARY, Alberta, March 23 - Suncor Energy Inc said on Monday it will buy rival Petro-Canada to create Canada's biggest oil company, dominant in the Alberta oil sands and able to slash costs as it looks to weather a period of low oil prices. Suncor is offering C$18.43 billion (...

China's largest oilfield to maintain crude output

BEIJING, April 7 -- China's largest oilfield Daqing aims to produce 400 million tons of crude in the next 10 years, according to officials with the oilfield. "We will maintain our annual crude oil output at 40 million tons in the next 10 years," said Wang Yongchun, Party ...

Petrobras says normalizes output despite strike

RIO DE JANEIRO, March 23 - Brazil's state-run oil company Petrobras said on Monday its oil platforms were operating normally despite an oil workers' strike after sending emergency crews to man its facilities. After a dramatic start in which the FUP association of oil worker ...

U.S. may need more foreign oil as drilling falls

NEW YORK - A sharp drop in U.S. drilling spurred by lower oil prices, scarce funding and potential tax hikes may thwart the Obama administration's plans to end U.S. reliance on foreign oil. U.S. oil output is poised to rise 8 percent this year to 5.4 million barrels per day -- ...

Global oil, gas projects delayed in 2009

March 23 - Following is a list of oil and gas projects and oil refinery expansion plans that have been delayed so far in 2009. The global financial crisis, falling oil demand and a slide in prices have prompted many in the industry to scale back spending and delay projects. March ...

Vialogy says to get about $4 mln from major oil find

March 23 - ViaLogy said its QuantumRD oil exploration technology helped a U.S.-based explorer in locating new oil deposit on Galba Prospect in Texas for which, ViaLogy could receive around $4 million. The drilling effort and oil strike based on the ViaLogy analysis located ...

NAL Oil to buy Alberta Clipper for C$37 mln in stock

March 23 - NAL Oil and Gas Trust agreed to buy Alberta Clipper Energy Inc in an all-stock deal valued at C$37 million, excluding debt, to beef up production at its Sylvan Lake and west central Alberta sites. NAL said it will issue about 5.7 million trust units at a price of C$6...

OPEC says oil not to blame for climate change

PARIS, April 2 - OPEC said oil was not to blame for climate change and consuming countries should pay to fight the threat, while the CEO of Royal Dutch Shell said drivers could help by not buying Hummer sports utility vehicles. "Oil is not responsible," the producer group's ...
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