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US Cash Crude - Grades rise on wider spreads: NEW YORK, Aug 10 - U.S. cash crude differentials strengthened Monday as the calendar spread and WTI to Brent crude spreads widened sharply. Heavy Louisiana Sweet HLS- rose as much as 50 cents to $3.00 a barrel above West Texas Intermediate CLc1, versus +$2.50 on Friday. Light ...

US Cash Crude - Grades up slightly on spreads: NEW YORK, Aug 13 - U.S. cash crude differentials strengthened slightly on Thursday as the contango curve in oil futures markets steepened and Brent's premium to U.S. crude increased. Mars sour MRS- traded for 35 cents above West Texas Intermediate CLc1, up 5 cents from yesterday. ...

Brazil oil law revamp to avoid royalty change: COSTA DO SAUIPE, Brazil, Aug 13 - Brazil's overhaul of oil laws will not change the distribution of revenues among states, a cabinet minister said on Thursday, a change of position that could ease passage of the measures in Congress. President Luiz Inacio Lula da Silva wants to ...

Precision CEO sees gas supply and demand tightening: CALGARY, Alberta, Aug 13 - Natural gas supply and demand should start coming back into balance in North America by this winter as severe cuts in drilling lead to a drop in available volumes, the head of Canada's largest contract driller by rig count said on Thursday. Major ...

Mexico's Pemex placed 200 mln euros debt last week: MEXICO CITY, Aug 13 - Mexico's state oil company sold 200 million euros in 8-year notes in a private placement last week, a company spokesman said on Thursday. Pemex [PEMX.UL] placed the debt with a coupon of 5.779 percent on Aug. 6, the Pemex spokesman confirmed in an email. The ...

Birchcliff Energy posts Q2 loss: Aug 12 - Canadian oil and gas exploration company Birchcliff Energy Ltd (BIR.TO) posted a second-quarter loss, weighed down by lower commodity prices. The company reported a net loss of C$7.1 million, or 6 Canadian cents a share, compared with a profit of C$9.8 million, or 8 ...

Ameren Energy Resources to cut 84 jobs in Illinois: Aug 12 - Ameren Energy Resources (AER), the merchant generation business segment of power company Ameren Corp (AEE.N), said it would cut about 84 jobs in Illinois. The job cuts, 42 percent of a total of 200 positions at three Illinois generating facilities of its subsidiary ...

MarkWest commences 4.7 mln units offering; shares fall: Aug 12 - Oil and gas processor MarkWest Energy Partners LP (MWE.N) said it commenced a public offering of 4.7 million common units, sending its shares down 6 percent. MarkWest intends to use net proceeds from the offering to partially fund its ongoing capital expenditure program ...

Sibir Energy chairman, CEO step down: LONDON, Aug 12 - Russian oil and gas explorer Sibir Energy (SBE.L) said on Wednesday its chairman and chief executive have both stepped-down from the board. In a statement it said William Guinness would be succeeded as chairman by non-executive director Vadim Yakovlev, while Igor ...

Local content may slow Brazil oil push: RIO DE JANEIRO, Sept 2 - The pace of bidding rounds in Brazil's offshore subsalt fields will depend heavily on local industry's capacity to provide goods and services required by local content rules, state-run Petrobras said on Wednesday. Brazil has instated heavy local content ...

Deutsche to redeem oil ETNs amid new regulation: NEW YORK, Sept 1 - Deutsche Bank (DB.N) said it would redeem all of its most bullish oil exchange-traded notes (ETNs), as the U.S. government moves to boost regulation in commodities markets. Deutsche said in a release Tuesday it would redeem outstanding PowerShares DB Crude Oil ...

Latent hurricane damage studied in Eugene pipeline: Investigators are assessing whether latent damage from recent hurricanes contributed to the Eugene Island pipeline leak in July, a federal pipeline agency spokesman said Tuesday. Damon Hill, spokesman for the U.S. Department of Transportation's Pipeline and Hazardous Materials ...

BP shutting Texas City ultraformer unit - filing: NEW YORK, Sept 1 - BP Plc (BP.L)(BP.N) is shutting an ultraformer at its 467,720 barrel-per-day refinery in Texas City, Texas, which could lead to flaring, according to a company filing Tuesday with state regulators. The filing with the Texas Commission on Environmental Quality ...

Canada to apply existing laws to PetroChina bid: CALGARY, Alberta , Sept 1 - Canada will apply existing foreign ownership laws to PetroChina's (PTR.N)(0857.HK) bid to buy Canadian oil sands assets but will not introduce further barriers to investing in the country, Prime Minister Stephen Harper said on Tuesday. PetroChina, the ...

Oil drops nearly 4 percent on China economy fears: NEW YORK - Oil prices fell nearly 4 percent to below $70 a barrel on Monday as fear of a curb in Chinese bank lending dented optimism about the pace of economic recovery and a potential rebound in global energy demand. U.S. crude for October delivery settled down $2.78, or 3.8 ...

Duke Energy to build 200 mw wind farm in Wyo: SAN FRANCISCO, Aug 31 - U.S. electric utility Duke Energy (DUK.N) said on Monday it plans to build a 200-megawatt wind farm, its ninth in the United States. The wind farm, which will be built in Wyoming, is expected to generate enough electricity to power the equivalent of 50,000 ...

Brigham Exploration sees higher oil volumes in Q3: Aug 31 - Brigham Exploration Co (BEXP.O) expects oil volumes to increase in the third quarter and cash flows to remain strong, and announced positive results at its Figaro 29-32 well in the Bakken shale, sending its shares up 10 percent in trading after the bell. The oil and gas ...

Baker Hughes to buy BJ Services for $4.9 bln: NEW YORK, Aug 31 - Oilfield services company Baker Hughes Inc (BHI.N) said on Monday it would buy smaller peer BJ Services Co (BJS.N) for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry's leaders. With ...

New oil production not to affect ethanol industry in Brazil: expert: RIO DE JANEIRO, Sept. 6 - The imminent production from Brazil's new-found off-shore oil field will not have a negative impact on the country's booming ethanol industry, a top energy expert assured on Friday. Mauricio Tomalsquim, president of the Brazilian Power Research Company ...

Lula urges citizens to follow Brazil oil debate: BRASILIA, Sept 6 - Brazilian President Luiz Inacio Lula da Silva urged his countrymen at a televised address late on Sunday to closely follow congressional discussions of a plan that gives the state more control over one of the world's biggest recent oil finds. Government ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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