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Danish DUC North Sea oil output falls in Oct

COPENHAGEN, Nov 25 - The Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell by 8.7 percent in October from September, operator A.P. Moeller-Maersk (MAERSKb.CO) said on Wednesday. Oil and condensate output fell to 215,800 barrels per day ...

Japan's Idemitsu sees no CDU maintenance in 2010

TOKYO, Nov 25 - Idemitsu Kosan Co (5019.T), Japan's third-largest oil firm, has no maintenance work scheduled for crude distillation units (CDUs) at its refineries in 2010, a company spokeswoman said on Wednesday. Idemitsu operates four CDUs at four refineries in Japan, with a ...

Europe Gasoline-Prices fall $30; Med market supported

LONDON, Nov 24 - Benchmark European gasoline prices fell about $30 in moderate trading on Tuesday ahead of U.S. weekly data likely to show an increase in inventories. Still, gasoline maintained relative strength against middle distillates, with support coming from the Mediterrane...

Pakistan's PSO to import 3.5 mln T diesel from Kuwait

KARACHI, Nov 24 - Pakistan State Oil (PSO) (PSO.KA), the country's largest fuel supplier, will import 3.5 millions tonnes of diesel from Kuwait next year, sources in PSO said on Tuesday. "We have had a long-term contract with Kuwait Petroleum and usually import between 3.2 ...

Berens Energy to explore strategic alternatives

Nov 23 - Berens Energy Ltd (BEN.TO), a Canadian junior oil and gas company, said its board began a process to explore strategic alternatives, but added that it will not disclose the developments until a definitive transaction was approved. There are no guarantees that the review ...

Gazprom agrees to cut Ukraine 2010 gas volumes

MOSCOW, Nov 24 - Russian gas export monopoly Gazprom (GAZP.MM) said on Tuesday it had agreed with Ukrainian state energy firm Naftogaz to supply 33.75 billion cubic metres of gas to Ukraine in 2010, less than previously contracted. Gazprom said in a statement the two sides had ...

Husky Energy discovers more oil in White Rose area

Nov 23 - Husky Energy Inc (HSE.TO) said it discovered additional oil resources in the White Rose area located off Canada's East Coast. The Hibernia Formation in the area encountered 55 meters (net) of high quality, oil-bearing reservoir containing an estimate of discovered ...

India Reliance reopens 900 gas stations-official

NEW DELHI, Nov 24 - India's Reliance Industries (RELI.BO) has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head of the firm's refinery business, P. Raghavendran, said. The company has revived more than half its network ...

Oil gains for third day on hopes of holiday demand

NEW YORK, Nov. 18 - Crude prices rose for the third straight session on Wednesday as a survey showed people would probably drive more during the Thanksgiving holiday. Light, sweet crude for December delivery gained 44 cents to settle at 79.58 U.S. dollars a barrel on the New York ...

Whiting Q3 beats market; sees higher production growth

Oct 28 - Whiting Petroleum Corp (WLL.N), an independent exploration and production company, reported quarterly profit above analysts' estimates, helped by an increase in production, and raised its production growth outlook. For the third quarter, net income was $35.9 million, or ...

Suncor upgrader repairs to take until month-end

CALGARY, Alberta, Oct 15 - Suncor Energy Inc's (SU.TO) Alberta oil sands plant will operate at reduced rates for the next two weeks as the company repairs a processing unit damaged in a fire last weekend, a spokeswoman said Thursday. However, Suncor, Canada's biggest energy ...

Texas oil explorer/producer Denbury to buy Encore

NEW YORK, Nov 1 - Oil exploration and production company Denbury Resources Inc (DNR.N) said on Sunday it will acquire Encore Acquisition Co (EAC.N) in a transaction valued at about $4.5 billion. The transaction, expected to close in the first quarter of next year, will create one ...

Crescent Point to raise C$500 mln in bought deal

CALGARY, Alberta, Oct 14 - Crescent Point Energy Corp (CPG.TO) said on Wednesday it plans to sell shares worth C$500.3 million ($486 million) to a group of underwriters, with the cash earmarked to cut debt or acquire rivals. Crescent Point, which concentrates on producing oil ...

Chevron begins El Segundo hydrocracker overhaul

HOUSTON, Oct 14 - Chevron Corp (CVX.N) said a planned overhaul of the hydrocracking complex at its 279,000 barrel per day (bpd) Los Angeles-area refinery in El Segundo, California started on Wednesday afternoon. The 59,500-bpd hydrocracker was shut by a power outage at the ...

Novus Energy to buy Ammonite for C$21.7 mln in stock

Oct 14 - Crude oil and natural gas company Novus Energy Inc (NVS.V) on Wednesday agreed to buy Ammonite Energy Ltd (AMO.V) in a stock deal valued at about C$21.7 million ($21.11 million) to boost its production base and enhance its presence in western Canada. As per the deal, ...

Brazil's OGX sees up to 1.5 bln barrels in Campos

SAO PAULO, Oct 14 - Brazilian oil company OGX said on Wednesday a recent discovery in the offshore Campos Basin likely holds up to 1.5 billion barrels of crude, a sign Brazil may have major oil reserves outside the coveted subsalt region. Brazil's 2007 discovery of massive ...

Kinder Morgan US Southeast gas storage near capacity

NEW YORK, Oct 14 - Kinder Morgan Energy Partners, LP (KMP.N) said Wednesday its natural gas storage facilities in the U.S. Southeast were at or near full capacity. The company's Natural Gas Pipeline Co of America (NGPL) unit had also discontinued service to interruptible ...

Iraq on final stages to sign first oil deals

BAGHDAD, Oct. 13 - The Iraqi government is on the final stages of negotiations to sign contracts left from the June energy auction after some giant oil companies agreed on fee terms put earlier by Iraqi Oil Ministry, an Iraqi top oil official said Tuesday. The consortium, made up ...

Chesapeake Energy raises production forecast

HOUSTON, Oct 13 - Chesapeake Energy Corp (CHK.N) raised its natural gas production forecast for 2009 and 2010 on Tuesday and said it planned to spend more on drilling. The company said it expected production to rise 5 percent to 6 percent in 2009, compared with its prior forecast ...

Total Port Arthur fire cause under investigation

TORONTO, Oct 13 - Total Petrochemical (TOTF.PA) said a fire early Tuesday morning at its 174,000 barrel-per-day refinery in Port Arthur, Texas, was out but the cause was under investigation. "The refinery experienced an internal and partial power outage early Tuesday morning," ...
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