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Oil company agrees to Ivory Coast waste settlement

LONDON - Oil-trading company Trafigura said Sunday it has agreed to a settlement with people who claim they fell ill after a tanker dumped hundreds of tons of waste around the Ivory Coast's main city of Abidjan. A spokeswoman for Trafigura Beheer BV said the company will pay 950 ...

Sunoco delays restart of Toledo refinery units

NEW YORK, Sept 21 - Sunoco Inc (SUN.N) delayed the restart of units from planned maintenance at its 160,000 barrel-per-day Toledo, Ohio refinery, trade sources said on Monday. The company began a six-week planned turnaround of one of two crude units at the refinery and a gasoline...

Libya fund to buy Canadian oil producer

Canada September 21 - based oil producer Verenex Energy said it has agreed to be sold to the Libyan Investment Authority for about $C314.1 million ($A336.5 million) in cash. In a memorandum of understanding announced on Friday, the sovereign wealth fund agreed to pay $C7.09 per ...

Madagascar to revise oil exploration code

ANTANANARIVO, Sept. 20 - The Madagascan transitional government has decided to revise the oil exploration code, which was first promulgated in 1996. As the oil sector has been evolving, the oil code has to be amended to cope with the new trend, Mamy Ratovomalala, minister of ...

Dragon Oil to request takeover bid ruling

LONDON - Dragon Oil (DGO.L) is to ask the Irish Takeover Panel to issue an ultimatum to the oil explorer's largest shareholder, Emirates National Oil Company (Enoc), to make a bid for the company or walk away, the Sunday Times said. The newspaper said the group would request a ...

Greenpeace ends protest at Shell oil sands mine

CALGARY, Alberta, Sept 16 - Greenpeace activists who occupied mining equipment at Royal Dutch Shell Plc's (RDSa.L) Canadian oil sands project ended their protest on Wednesday after 1-1/2 days and were escorted away without facing charges, the environmental group said. Shell said ...

U.S. to end oil, gas royalty-in-kind program

HOUSTON, Sept. 16 - The U.S. will eliminate its scandal-ridden royalty-in-kind program that allows energy companies to pay drilling fees with oil and natural gas instead of cash, Interior Secretary Ken Salazar said Wednesday. "Today, I am announcing a phased-in termination of the ...

BUY OR SELL-Galp up on Brazil oil or to slip on refining?

LISBON, Sept 16 - Stocks in Portugal's energy company Galp (GALP.LS) have jumped almost 13 percent this month to outperform most peers, and fund managers named it the month's top pick citing its bright oil production prospects in Brazil. But while some say it is likely to lead ...

Shell carries out maintenance at Canadian refinery

LONDON, Sept 7 - Royal Dutch Shell (RDSa.L) is carrying out maintenance at its Scotford refinery in Canada, according to a company message on the Alberta Community Update Hotline, a service where firms can give the operational status of their plants. The message left on Sunday ...

Russian companies pay $1 billion to work Venezuela oil

CARACAS - Russian companies paid Venezuela a $1 billion bonus for the right to work at the Junin 6 oil field, Oil Minister Rafael Ramirez said on Sunday, and similar payments will be made at other oil projects. "Its a bond to have access to the exploitation of reserves together ...

Global oil supplies to outstrip demand: EIA

WASHINGTON - Global oil demand through next year will be weaker than previously forecast while petroleum supplies will be higher, the U.S. government said in a revised outlook on Wednesday. The latest forecast from the U.S. Energy Information Administration could put downward ...

Shell plans Eugene restart in Sept after repair

HOUSTON, Aug 11 - Restart of Eugene Island pipeline in the Gulf of Mexico is expected in late September after repair of a leak is finished, operator Shell Pipeline (RDSa.L) said on Tuesday. "Maintenance is taking place 24/7. We will update the timeline in late August as work ...

Basic Energy July well-servicing rig count unchanged

Aug 11 - Basic Energy Services (BAS.N) said its well-servicing rig count for July remained unchanged as demand improved in oil producing markets, sending its shares up 8 percent. The oilfield services provider reported July well-servicing rig count of 414, unchanged compared with ...

SemGroup Energy Partners sees cloudy future

NEW YORK, Aug 11 - SemGroup Energy Partners LP (SGLP.PK), an oil pipeline and storage company, said on Tuesday that uncertainties around its credit facilities have raised doubts it could continue operating. In a filing with the U.S. Securities and Exchange Commission notifying ...

Iran not to lower its crude price: minister

TEHRAN, Aug. 10 - Iran's Minister of Oil Gholam-Hossein Nozari said Monday that Iran will not lower its crude price, the official IRNA news agency reported. Iran has not lowered its crude price and will not lower it, Nozari told the reporters when asked about the rumors around ...

OPEC weekly oil prices exceed 70 dollars

VIENNA, Aug. 10 - The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) maintained their upward trend and finally broke through the 70-dollar mark, reaching 72.04 U.S. dollars a barrel last week, the Vienna-based cartel said Monday. The price has ...

Exxon says Joliet refinery running normally

NEW YORK, Aug 10 - Exxon Mobil (XOM.N) said on Monday its 238,000 barrel-per-day oil refinery in Joliet, Illinois, was running normally after repairs. An acid leak at the Chicago-area refinery's alkylation unit last Thursday seriously injured one worker, who remains in hospital, ...

Oil extends decline amid strength in U.S. dollar

PERTH, Aug. 9 - Oil fell toward $70 a barrel on Monday, extending the previous session's decline, as strength in the U.S. dollar encouraged investors to take profit from a recent rally. Oil prices rose over 2 percent last week and touched a five-week high of $72.84 on Friday amid ...

Orleans Energy swings to loss in Q2

Aug 13 - Orleans Energy Ltd (OEX.TO), a Canadian oil and gas explorer swung to a second-quarter loss, hurt by a drop in gas prices. Canadian wholesale natural gas prices have fallen sharply in the past one year as inventories across North America have swelled at a record pace. ...

MarkWest Energy Q2 loss narrows

Aug 10 - Energy company MarkWest Energy Partners LP (MWE.N) reported a narrower second-quarter loss, helped by strength in its fee-based business and increased volumes in certain operating segments, particularly in the shale plays. The company reported a second-quarter loss of ...
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