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Russia Sakhalin Energy offers Vityaz cargo

TOKYO - Russia's Sakhalin Energy has issued a tender to sell a 730,000-barrel cargo of light sweet Vityaz crude for loading between late March and early April, a trader said on Monday. The tender for the cargo, which is scheduled to load between March 27 and April 3, closes on ...

TG World Energy gets C$7.5 mln loan

Jan 18 - Canadian junior oil and gas company TG World Energy Corp (TGE.V) said it has secured a C$7.5 million ($7.28 million) loan from an institutional lender. The proceeds from the facility, which bears 18 percent annual interest, will be used to fund ongoing exploration ...

Oil price at $70-$80 reasonable: Saudi deputy oil minister

RIYADH - An oil price at between $70 to $80 a barrel is reasonable, Saudi Arabia's deputy oil minister reiterated on Sunday, adding that it was too early to predict the outcome of OPEC's next meeting in March. Prince Abdulaziz bin Salman made the remarks to reporters on the ...

Iraq, Royal Dutch Shell ink Majnoon oil deal

BAGHDAD, Jan 17 - Royal Dutch Shell (RDSa.L), Europe's largest oil company, and Malaysia's Petronas [PETR.UL] signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. Shell and Petronas won the rights in an energy auction held in Baghdad ...

Total group to invest up to $2 bln in Algeria field

ALGIERS, Jan 17 - Sonatrach and a consortium led by Total (TOTF.PA) will invest between $1.5 and $2 billion in Algeria's Ahnet gas permit between now and 2014, Algerian energy official Djilali Takhrist said on Sunday. At a ceremony to sign the contract to develop the permit, ...

Qatar oil minister says market "well-supplied

ABU DHABI - Qatar's oil minister said on Sunday the market is "well-supplied" and that it was too early to make a decision on OPEC's next meeting in March. "The market is well-supplied ... and it's too early to talk about March now," Abdullah bin Hamad al-Attiyah told Reuters on ...

Calpine Russell City gas plant gets final permit

HOUSTON, Feb 4 - Calpine Corp (CPN.N) has obtained final approval to build a long-delayed natural gas-fired power plant in California that will limit emissions of carbon dioxide and other greenhouse gases blamed for global warming, the company said on Thursday. Calpine said it ...

Oil prices dip on retail sale, jobless claims

NEW YORK, Jan. 14 - Oil prices continued to retreat on Thursday as U.S. retail sales fell in December and jobless claims increased last week. Lackluster economic data on Thursday cast a shadow on investors' prospect of economic recovery. The U.S. Commerce Department said retail ...

Alaska governor seeks expanded oil tax credits

ANCHORAGE, Alaska, Jan 14 - Alaska Gov. Sean Parnell on Thursday defended the state oil-tax system that the industry has criticized as onerous, but said investment credits should be expanded to stimulate job growth. Parnell said he will propose legislation to tweak the oil-tax ...

Enbridge restarts North Dakota oil pipeline

CALGARY, Alberta, Jan 14 - Enbridge Energy Partners LP (EEP.N) said it has restarted a section of oil pipeline on its Lakehead system in North Dakota after repairing a leak that it detected on Friday. Enbridge Energy, an affiliate of Canadian pipeline operator Enbridge Inc (ENB...

Chinese mills start iron ore talks with miners

p> 2 4 The paper said delegations from Baosteel, Wuhan Iron and Steel and others were already in the city to hold discussions with BHP Billiton and Rio Tinto of Australia and Brazil's Vale. Baosteel, Rio Tinto and BHP Billition all refused to comment on the report when contacted ...

China extends anti-dumping measures on phenol

2 4 The Ministry of Commerce (MOC) said in a statement posted on its website that it decided to review the measures a year ago in response to applications from domestic phenol companies. According to the MOC, if anti-dumping measures were discontinued, dumping of phenol might ...

Valero Energy launches $1.25 bln notes in 2 parts

NEW YORK, Feb 3 - Valero Energy Corp (VLO.N) on Wednesday launched $1.25 billion of notes in a two-part sale, said IFR, a Thomson Reuters service. The offering includes $400 million of five-year notes expected to yield 215 basis point over comparable U.S. Treasuries and $850 ...

Bayer unit bolsters polymer project

p> 2 4 Bayer MaterialScience, a unit of German industrial giant Bayer, has committed to continuing its investment in a toluene diisocyanate (TDI) project in Shanghai with the goal of expanding the production site, a top company executive said. The company, one of the world's ...

Lethal gas kills 8 miners in Peru

LIMA, Feb. 3 - At least eight miners died on Wednesday after inhaling lethal gas in a mine in east Peru, local radio stations reported. The accident occurred early Wednesday in a coal mine in Cajatambo province, 150 km north of Lima and with an altitude of 4,000 meters. Bodies of ...

Walter Energy Q4 profit misses Street view

Feb 3 - Steelmaking coal producer Walter Energy Inc (WLT.N) posted fourth-quarter earnings that plunged 88 percent from a year ago, missing analysts' estimates by a wide margin, on lower pricing and sales volumes. In the latest quarter, the Birmingham, Alabama-based company ...

New fabric can wipe away toxic chemicals: study

CHICAGO - A new dry wipe can clean up chemical agents such as mustard gas, giving soldiers a more convenient way to deal with toxic materials on the battlefield, U.S. researchers said on Wednesday. Science The wipe was developed by researchers at Texas Tech University in Lubbock ...

Caterpillar joins FutureGen clean coal alliance

NEW YORK, Feb 8 - Caterpillar Inc (CAT.N) said Monday it will join the FutureGen Alliance to build a $1.5 billion near zero emissions coal-fueled power plant to produce hydrogen and electricity while capturing and sequestering carbon dioxide underground in Mattoon, Illinois. Last ...

Crude up on dollar but demand concerns weigh

NEW YORK, Feb 1 - U.S. crude futures rose Monday on the dollar's weakness, an equities rise on Wall Street and some help from data showing consumer spending edged up in January even as savings reached a 6-month high. "Crude and products futures are marginally higher this morning ...

FTSE inches lower as energy, banks weaken

CALGARY, Alberta - Husky Energy Inc (HSE.TO) said on Monday it made another big gas find off China's coast, its third major discovery in the region, as mulls a spinoff of its Asian operations. The company, controlled by Hong Kong magnate Li Ka-shing, said its Liuhua 29-1 ...
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finance

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Retailer's Net Profit Falls 3%
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trade

sports

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