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TransCanada pays $550 mln for rest of Keystone line

CALGARY, Alberta, June 16 - TransCanada Corp (TRP.TO) is buying ConocoPhillips' (COP.N) remaining stake in the Keystone pipeline for $550 million, giving it full control over the new Canada-to-United States oil pipeline, it said on Tuesday. TransCanada, known for its extensive ...

Conoco CEO: oil prices ahead of fundamentals

DETROIT, June 16 - The chairman and chief executive of ConocoPhillips (COP.N) said on Tuesday that oil prices had risen faster than the company expected and were now trading ahead of underlying fundamentals. Speaking on the sidelines of the National Summit, James Mulva said those ...

UTS eyes Fort Hills options as Suncor joins group

CALGARY, Alberta, June 16 - UTS Energy Corp (UTS.TO) has begun to plot out new ways to develop the delayed Fort Hills oil sands project but decisions must wait until Suncor Energy Inc (SU.TO) closes its takeover of the operator, Petro-Canada (PCA.TO), UTS's chief executive said ...

Europe Gasoline-Gasoline hits 8-month high on African demand

LONDON, June 16 - European gasoline prices soared to a fresh 8-month high above $740 a tonne on Tuesday, boosted by strong demand from West Africa and Nigeria, rallying crude and U.S. gasoline futures and relatively tight supply. Gasoline's crack also jumped, as a 3 percent rise ...

Canada oil execs wary of boosting capital spending

CALGARY, Alberta, June 15 - A doubling of oil prices in the past six months has yet to convince many Canadian oil companies to fatten capital spending, partly because natural gas markets remain depressed, executives said on Monday. Crude has climbed above $70 a barrel in recent ...

Basic Energy sees lower Q2 revenue

June 15 - Oilfield services provider Basic Energy Services (BAS.N) said it expects its second-quarter revenue to be down sequentially due to lower activity across segments arising from weak natural gas markets. "We are currently projecting that revenues for the second quarter ...

Conoco Borger refinery reports upset -filing

HOUSTON, June 15 - ConocoPhillips reported a process upset in Area C of its 146,000 barrel per day (bpd) Borger, Texas, refinery on Monday, according to a notice filed with state pollution regulators. It was second upset in that area of the refinery in as many days, according to ...

No going back on gas royalties - Alberta minister

CALGARY, Alberta, June 15 - Alberta is standing firm on its newly changed oil and gas royalty regime but it is still willing to talk to the energy industry about ways to prevent further drops in drilling, the Canadian province's energy minister said on Monday. Energy Minister Mel ...

Iraq oil execs rebel over contract tenders

BAGHDAD - The head of the unit that produces most of Iraq's crude said Sunday he opposed Baghdad's plan to auction off oil field service contracts, joining an apparently broad revolt against the country's first major foreign oil deals in 30 years. South Oil Co. Director General ...

Gauging an entry point for energy stocks

CALGARY, Alberta, June 21 - A lot of oil analysts say crude prices around $70 a barrel are too steep, given the tenuous state of the economy, and energy investors don't seem to want to argue yet. By and large, Canadian energy share values reflect an oil price somewhat lower than ...

Centrica prepared to go hostile for Venture-report

LONDON, June 21 - British utility Centrica (CNA.L) is prepared to go hostile with its 850 pence a share bid for oil and gas group Venture Production (VPC.L), which is holding out for 950 pence, the Independent on Sunday reported. The Takeover Panel said last week that Centrica ...

Almost 900 strikers sacked at UK Total refinery

LONDON, June 18 - Almost 900 striking construction workers at a Total (TOTF.PA) oil refinery in eastern England were sacked late on Thursday after the unofficial walkout passed the one-week mark, the French energy company said. The strike -- which Total says breaches labour laws ...

Nippon Oil to halt CDU ops from early July

TOKYO, June 19 - Nippon Oil Corp. (5001.T), Japan's biggest oil refiner, will halt operations at its 110,000 barrels-per-day crude distillation unit (CDU) at its Mizushima refinery from early July due to slow domestic demand, a newspaper said on Friday. The CDU could be kept shut ...

Canaccord Adams raises Inter Pipeline Fund to buy

June 18 - Canaccord Adams raised Inter Pipeline Fund (IPL_u.TO) to "buy" from "hold," following the fund's C$173 million equity financing and its long-term transport service agreement for Imperial Oil Resources' Kearl project. Analyst Bob Hastings said that the fund's recent ...

Repsol signs Canaport LNG natural gas deals

NEW YORK, June 18 - Repsol (REP.MC) has signed natural gas supply deals from its newly built Canaport liquefied natural gas import terminal in New Brunswick, company executives told Reuters Television on Thursday. Vice President of Repsol Energy North America Vincent Morrissette ...

Gold gains for second session on weak dollar, recovering oil

CHICAGO, June 17 - Gold futures on the COMEX Division of the New York Mercantile Exchange gained a little on Wednesday as dollar declined after new Consumer Price Index (CPI) data was released. Silver ended higher, but platinum fell. Gold price for August delivery rose 3.80 U.S. ...

Quicksilver to raise $425 mln debt offering

June 17 - Independent oil and gas company Quicksilver Resources Inc (KWK.N) said it plans to raise about $425 million through an offering of senior notes due 2016. The company intends to use the net proceeds from this offering, and the net proceeds from its previously announced ...

Quest Energy ex-CFO charged with fraud - US DOJ

June 17 - A federal grand jury in Oklahoma City indicted a former chief financial officer of Quest Energy Partners LP (QELP.O) with three counts of wire fraud for an alleged scheme to defraud the company of $1 million, the U.S. Justice Department said. The indictment alleges that ...

Total says unit shut at Port Arthur refinery

NEW YORK, June 17 - Total Petrochemicals USA said on Wednesday that it shut a unit at its 174,000-barrel-per-day refinery in Port Arthur, Texas, according to a filing with state pollution regulators. The unit, which was only identified as "unit 836" was shut on Wednesday ...

Stone Energy to offer additional shares to pay debt

June 9 - Independent oil and gas company Stone Energy Corp (SGY.N) said it has commenced a public offering of 6 million shares of its common stock, the proceeds of which it may use to reduce debt under its credit facility. The company added the underwriters will have a 30-day ...

Latest World News

china

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 ...

world

market

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 ...

finance

company

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 ...

trade

sports

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 ...
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