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Oil companies pull workers, shut port ahead of Ida

HOUSTON - Fast-moving, strengthening Hurricane Ida led oil companies to begin evacuating workers on Sunday from the Gulf of Mexico and prompted the nation's only offshore oil port to stop taking foreign crude from tankers. Chevron Corp (CVX.N) and Anadarko Petroleum Corp (APC.N) ...

Russia, Slovenia sign Sth Stream gas pipeline deal

MOSCOW, Nov 15 - Russia's Energy Minister Sergei Shmatko and Slovenian Economy Minister Matej Lahovnik signed a deal on Saturday ensuring Slovenia's participation in the South Stream pipeline that will transport Russian gas to Europe. The deal was signed in the presence of ...

Russian official foresees 3% economic growth next year

MOSCOW, Nov. 13 - Russia's Gross Domestic Product (GDP) may see a 3-to-3.5-percent growth should the oil price be stabilized at 70 U.S. dollars per barrel, said a Russian official on Friday. Deputy Economic Development and Trade Minister Andrei Klepach was cited by local TV Vesti ...

Exxon shares poised to shine -Barron's

NEW YORK, Nov 15 - Shares in Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil company, could rise more than 20 percent to $90 next year if energy prices increase as expected, Barron's reported on Sunday. Exxon shares have lagged rivals in the stock market rally ...

Western Gas Q3 beats Wall Street

Nov 11 - Western Gas Partners LP (WES.N) reported better-than-expected quarterly profit, helped by lower expenses. For the third quarter, net income was $16.7 million, or 30 cents per limited partner unit, lower than $17 million, or 32 cents per limited partner unit, reported ...

U.S. sees OPEC 2010 oil export earnings at $750 billion

WASHINGTON Nov. 9 - Stronger global oil demand and higher crude prices are expected to boost OPEC's oil export revenues about 30 percent in 2010 from this year, according to the U.S. government's top energy forecasting agency. The U.S. Energy Information Administration raised its ...

Peyto Energy Q3 profit falls 58 pct

Nov 11 - Canada's oil and gas explorer Peyto Energy Trust (PEY_u.TO) posted a 58 percent drop in quarterly profit, hurt by lower oil and gas production. For the third quarter, the company earned C$27 million, or 24 Canadian cents per unit, compared with C$64.8 million, or 61 ...

Williams-Mobile Bay gas plant resumes processing

NEW YORK, Nov 11 - Williams Cos (WMB.N) said Wednesday its Mobile Bay natural gas processing plant was processing between 100 million and 200 million cubic feet per day with volumes increasing after the plant shut due to lost production from Tropical Storm Ida. A company ...

OPEC weekly oil prices fluctuate wildly

VIENNA, Nov. 9 - The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) showed a high frequency of price changes last week. On the five trading days from Nov. 2 to Nov. 6, OPEC oil prices fluctuated wildly, ranging from 74.95 U.S. dollars per barrel ...

ENOC hires proxy firm to win over Dragon investors

LONDON, Nov 18 - Shareholder consultancy Georgeson is working to persuade minority investors in Turkmenistan-focused oil explorer Dragon Oil (DGO.I) (DGO.L) to accept ENOC's $1.9 billion buyout bid, people familiar with the matter said. ENOC's proposal requires approval from ...

Ukraine PM seeks to calm fears of new gas war

KIEV, Nov 18 - Ukrainian Prime Minister Yulia Tymoshenko, seeking to dispel European fears of a new gas war with Russia, on Wednesday said an agreement struck with Moscow in January guaranteed Russian gas transit in 2010. Tymoshenko spoke on the eve of talks with Russia's ...

Iraq president invites Total to work oil fields

PARIS, Nov 18 - Iraq's President Jalal Talabani struck an optimistic note on French oil company Total's (TOTF.PA) chance of winning an oil contract Wednesday, saying that figures aren't everything in winning a contract. "The figures don't give a privilege to one company." ...

Nexen sees tenfold jump in Horn River gas output

CALGARY, Alberta, Nov 17 - Nexen Inc (NXY.TO), Canada's No. 4 independent oil explorer, expects to boost production from its shale gas properties at least tenfold in the next two years, its chief executive said on Tuesday. Nexen aims to produce 150 million to 200 million cubic ...

Petrobras Oct oil output stable at 2 mln bpd

RIO DE JANEIRO, Nov 17 - Brazilian state-run oil company Petrobras (PETR4.SA)(PBR.N) said on Tuesday domestic oil output in October stood at 2 million barrels per day, virtually unchanged from the record output of September. Production remained at record levels in October after ...

Europe Gasoline-Cracks rise above $6 a barrel

LONDON, Nov 17 - European gasoline crack spreads jumped above $6 a barrel on Tuesday on expectations of a reopening of the arbitrage to the United States. Supplies are expected to be tighter next month when traders can expect to make a profit of $2.20 a tonne from shipping ...

EBRD delays $300 mln loan to Ukraine's Naftogaz

MOSCOW, Nov 17 - The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is postponing a decision on forwarding a portion of a loan to Urkaine's Naftogaz, as the company has delayed key reforms. The delayed $300 million amount is part of a larger loan ...

Oil over $79 on dollar, U.S. consumer data

NEW YORK - Oil prices rose above $79 a barrel on Monday as a weaker dollar and better-than-expected U.S. consumer spending data boosted prices. U.S. crude futures for December delivery rose $2.73 to $79.08 a barrel by 1:37 p.m. EST (1837 GMT), after reaching a high of $79.24 a ...

Smith Int'l raising $800 mln in equity, shares drop

SAN FRANCISCO, Nov 16 - Smith International Inc (SII.N) is raising equity now worth more than $800 million, the oilfield services company said on Monday, sending its shares down 5 percent. Smith is issuing 28 million shares in a public offering, adding to more than 219 million ...

TSX follows energy shares to second straight gain

TORONTO, Nov 16 - Toronto's main stock index shot to its highest close in over three weeks on Monday as a rally in oil prices helped power energy shares like Suncor Energy (SU.TO) to comfortable gains. Shares of Suncor, the biggest contributor to the index's gain, rose 3 percent ...

Williams Transco Gulf natgas supply seen back Tues

NEW YORK, Nov 10 - Pipeline operator Williams Cos (WMB.N) said Tuesday natural gas supply losses on its Transcontinental Gas Pipe Line (Transco) system following Tropical Storm Ida were at about 150 million cubic feet per day, down from 250 mmcfd supply lost on Monday. Gulf of ...

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china

Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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

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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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