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Bonavista snaps up EnCana gas assets for C$694 mln

CALGARY, Alberta, July 16 - Bonavista Energy Trust (BNP_u.TO) said on Thursday it is buying natural gas-producing properties from EnCana Corp (ECA.TO) for C$694 million ($620 million) to boost its output by 22 percent at a time of depressed gas prices. Bonavista, a mid-sized ...

Delek says restored operations to Tyler FCC, SRU

NEW YORK, July 22 - Delek said Wednesday that it restored operations in a gasoline-producing fluid catalytic cracker and a sulfur recovery and SCOT units at its Tyler, Texas, refinery following a power failure on Tuesday. "Operation of the SRU2 and SCOT Units as well as the FCCU ...

Occidental announces big California oil, gas find

SAN FRANCISCO, July 22 - Occidental Petroleum Corp (OXY.N) announced on Wednesday a discovery of oil and gas reserves in California's Central Valley that it believed was the largest find in the state in 35 years. Occidental said it believed between 150 million and 250 million ...

Alaska oil pipeline pumping below normal level

NEW YORK, July 21 - Trans-Alaska Pipeline System, the main conduit for Alaska's oil, will likely ship less crude than normal in the near future following summer maintenance, pipeline operator Alyeska and oil traders said Tuesday. TAPS, as the 800-mile pipeline is known, is ...

Newpark gets financial covenant waiver

July 21 - Diversified oil and gas supplier Newpark Resources Inc (NR.N) said its creditors granted a waiver of the financial covenants that it violated, and its revolving credit facility was reduced to $150 million from $175 million. The company said it had $100.6 million ...

Suncor clears last hurdle for Petro-Can takeover

CALGARY, Alberta, July 21 - Suncor Energy Inc (SU.TO) cleared the last hurdle for its C$22.5 billion ($20.5 billion) takeover of Petro-Canada (PCA.TO) on Tuesday when it agreed with Canada's Competition Bureau to sell several retail sites in Ontario. With the bureau's approval, ...

Ecuador mulls legal action over Perenco oil move

QUITO, July 21 - The Ecuadorean oil minister on Tuesday accused French oil company Perenco of breaking the law by planning to halt production and said the government will analyze the legal status of the firm in the country. State-run oil firm Petroecuador seized control of ...

Ecuador mulls 2-year oil supply deal with China

QUITO, July 20 - Ecuador is negotiating a two-year oil supply contract with China for which the Andean country would receive $1 billion as an advance payment, Economic Policy Minister Diego Borja told Reuters on Monday. "(The $1 billion) is a down payment for oil sales. We're ...

Transocean wins Brazil ultra-deepwater contract

SAN FRANCISCO, July 20 - Transocean Ltd (RIG.N) said on Monday it won a contract from Brazil's Petrobras (PETR4.SA) for its ultra-deepwater Cajun Express rig worth $558.5 million over three years starting in early 2010. The three-year contract works out to a day rate of about ...

Canadian Oil Sands profit falls, but payout raised

CALGARY, Alberta, July 27 - Canadian Oil Sands Trust (COS_u.TO), which holds the biggest stake in Syncrude Canada Ltd, said on Monday its second-quarter profit tumbled 90 percent as oil prices sank and output fell due to heavy maintenance at the world's biggest oil sands venture. ...

Western Canadian refineries return to operation

CALGARY, Alberta, July 27 - A gasoline shortage in Western Canada looked set to ease on Monday as two Alberta refineries made progress returning to service after a severe storm forced them to shut down more than a week ago. Petro-Canada said its 135,000 barrel a day Edmonton ...

Wall Street mixed as energy gains offset disappointing earnings

NEW YORK, July 24 - Wall Street ended mixed Friday, as energy shares climbed on a gain in oil and offset disappointing reports from Microsoft Corp. and Amazon.com Inc.. Crude oil added 1.3 percent after falling one percent on the New York Mercantile Exchange. Exxon Mobil and ...

Oman's PDO seeks firms to bid for $7 bln oil deals

MUSCAT, July 26 - State-run Petroleum Development Oman (PDO) will close the qualification process on Tuesday for companies interested in contracts worth up to $7 billion for work on its oilfields, according to PDO's website. PDO is Oman's largest oil producer and an affiliate of ...

Woodside's Q2 output up 1 pct, keeps 2009 forecast

PERTH, July 24 - Woodside Petroleum Ltd (WPL.AX), Australia's No. 2 oil and gas producer, reported on Friday a 1 percent rise in second-quarter production, and reiterated its full-year production forecast. In the quarter ended June 30, it produced 19.4 million equivalent barrels ...

Russia's Gazprom proposes gas import tariffs

MOSCOW, July 25 - The head of Russian gas export monopoly Gazprom (GAZP.MM) on Saturday told Prime Minister Vladimir Putin he opposed a proposed hike in the gas extraction tax, suggesting instead the introduction of import tariffs. Russia faces at least three years of budget ...

Cabot Q2 results beat Street

July 23 - Oil and natural gas company Cabot Oil and Gas Corp (COG.N) reported a second-quarter profit that beat estimates, helped by an increase in production. For the quarter, the company's net income was $25.5 million, or 25 cents a share, compared with $54.6 million or 55 ...

Ecuador signs contract to export oil to China

QUITO, July 23 - Ecuador has signed a deal to export crude oil to China for which the Andean country is going to receive $1 billion as an advance payment, state-run Petroecuador said on Thursday. Ecuador will receive the $1 billion in the first week of August, Petroecuador said ...

Nexen may sell gas, power marketing businesses

CALGARY, Alberta, July 23 - Nexen Inc (NXY.TO) may sell its natural gas and power marketing units as part of a strategic review aimed at further reducing the financial risk in its overall operations, it said on Thursday. Nexen, Canada's No. 4 independent oil explorer, said it ...

Noble Corp profits up; offshore drilling steady

SAN FRANCISCO, July 22 - Offshore oil and gas driller Noble Corp (NE.N) reported on Wednesday a 4 percent rise in quarterly profit as its deepwater rigs commanded higher rates, even while some of its jackups remained idle. "Looking ahead, we do not expect the near-term contractin...

Chevron files appeal of Richmond refinery ruling

SAN FRANCISCO, July 20 - Chevron Corp (CVX.N) filed an appeal on Monday of a ruling that stopped work on a new hydrogen plant at its refinery in Richmond, California, the oil company said. Chevron had said earlier this month it planned to appeal a judge's ruling that halted the ...

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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