industry

TORONTO, April 27 - Toronto's main stock index fell 1.6 percent on Monday, breaking a four-session rally, as fears of an international swine flu outbreak rattled commodity prices, dampening hopes for an economic recovery. Resource-related issues, which make up about 40 percent of ...
NEW YORK, April 27 - Exxon Mobil Corp (XOM.N) said on Monday that it has restarted a gasoline-making fluid catalytic cracker unit at its 60,000-barrel per day Billings, Montana, refinery after completion of planned work. Exxon spokeswoman Kristen Hellmer said in an email that ...
SOFIA,April 26 - Iran could make more of its vast resources if relations with the west improve enough to allow more investment in its energy sector, the United States' new Special Envoy for Eurasian Energy, Richard Morningstar, said on Saturday. The world's fourth-largest crude ...
HOUSTON, April 26 - Alon USA Energy Inc (ALJ.N) said its 53,000 barrel per day Paramount, California, refinery was at near-normal production rates following a hydrotreater heater explosion last week. The Wednesday night explosion caused minor injuries to one worker and led to a ...
SOFIA, April 26 - The gas pipeline Nabucco is important for Europe but not the only solution to the problem of energy security to the European Union and any pipeline in itself is not a panacea, the U.S. special envoy on energy issues in Eurasia, Richard Morningstar, said at a ...
SOFIA, April 25 - The Sofia Energy Summit ended Saturday with a joint declaration calling for greater cooperation and diversification of gas sources in securing Europe's energy supply. In the declaration, participants said rapid development of gas infrastructure and strategic ...
TOKYO, April 24 - Nippon Oil Corp (5001.T) said on Friday it was likely to refine around 6 percent less crude oil in May than it did a year earlier, marking a seventh straight month of declines, reflecting slow domestic demand amid the recession. Nippon Oil, Japan's biggest ...
NEW YORK, April 23 - Initial service into Illinois on part of the huge Rockies Express natural gas pipeline remains slated for mid-May, but some service into Indiana will be delayed until late May due to weather-related problems, including Wabash River flooding, a company website ...
HOUSTON April 23 - Shell Oil Co, the Sierra Club and a Texas environmental group agreed on Thursday to multimillion-dollar settlement of a federal Clean Air Act lawsuit against Shell's Houston-area refinery and chemical plant. Under the proposed settlement, Shell promises to cut ...
PERTH, April 30 - Energy major Chevron Corp (CVX.N), operator of the proposed multi-billion Gorgon gas export project in Australia, said on Thursday it was on track to sell its share of uncontracted gas from the Gorgon project. Chevron Australia's Gorgon General Manager Colin ...
CALGARY, Alberta, April 29 - Canadian Oil Sands Trust (COS_u.TO), which holds the biggest stake in the world's No. 1 oil sands producer, said Wednesday its quarterly profit dropped 86 percent due to skidding oil prices and difficulties mining enough ore to run processing plants ...
TORONTO, April 29 - Toronto's main stock index rose 0.73 percent on Wednesday as higher oil prices and upbeat corporate earnings sparked renewed interest in equities after two straight declining sessions. Stocks got an additional lift in the afternoon as the U.S. Federal Reserve ...
CARACAS, April 28 - Venezuela has delayed by three months a major bidding round for three projects to develop ultra-heavy oil in the Orinoco belt, state oil company PDVSA said on Tuesday. Winners of the Carabobo bid will be announced on August 14, according to the PDVSA statement...
April 29 - Independent oil and gas company Whiting Petroleum Corp (WLL.N) swung to a first quarter loss hurt by hedging losses and a decline in its wellhead oil and natural gas prices. The company's quarterly net loss of $43.8 million or 92 cents per share included hedging losses ...
HOUSTON, April 28 - Shell Oil Co (RDSa.L) expects its 145,000 barrel per day (bpd) Anacortes, Washington, refinery to return to normal operations by Wednesday afternoon as it completes a plant-wide restart following an April 23 power outage, said a company spokeswoman. Two units ...
WASHINGTON, April 28 - Twenty-five U.S. senators from both parties on Tuesday proposed giving President Obama new leverage for stopping Tehran from going nuclear: the authority to sanction companies that export gasoline to Iran. "The new sanctions include everything up to and ...
April 28 - Oilfield services company Superior Energy Services Inc (SPN.N) reported first-quarter earnings that topped estimates, helped by revenue growth in its well intervention segment. For the latest first quarter, Superior posted a net income of $56.8 million, or 72 cents a ...
TORONTO, April 27 - Toronto's main stock index fell sharply on Monday morning after seven straight weeks of gains as concerns about a possible global swine flu outbreak hit commodity prices, dimming hopes for an economic recovery. The oil and gas sector was off 2.02 percent as ...
HOUSTON, May 5 - Saudi Arabia will meet an end-of-June target for raising its oil output capacity to 12.5 million barrels per day (bpd), a Saudi Aramco [SDABO.UL] executive said Tuesday. Amin Nasser, Saudi Aramco's senior vice president for exploration and production, made the ...
May 5 - Helix Energy Solutions Group Inc (HLX.N) posted first-quarter earnings that beat analyst estimates, helped by higher margins and increased production, sending its shares up 9 percent in after the bell trading. In the latest quarter, the operator of offshore oil and gas ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...