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UAE's Dana Gas makes new Egypt gas discoveries

DUBAI, Aug 2 - United Arab Emirates-based Dana Gas DANA.AD said on Saturday it had made two gas finds in Egypt with reserves totalling an estimated 76 billion cubic feet. A company statement said the finds were at the Sharabas-1 and Sama-1 wells in the Nile Delta region but did ...

Taiwan, China oil firms to seek undersea reserves

TAIPEI, Aug 2 - Flagship oil firms from China and Taiwan will explore again for oil and gas in the Taiwan Strait, an ocean channel that separates the two political rivals, from September, an official from the Taiwan side said on Saturday. Taiwan's state-run CPC Corp [CHIP.UL] and ...

Europe Gasoline-Soars on refinery outages, naphtha hits $600

LONDON, Aug.2 - European gasoline leapt $20 towards $700 a tonne on Friday, while naphtha reached $600 a tonne for the first time since last October as major refinery outages drove prices higher. BP was forced to completely shut its Rotterdam refinery -- Europe's second largest -...

Oil rebounds over 5 percent on renewed economic optimism

NEW YORK, July 30 - Oil prices rebounded over 5 percent in volatile trading on Thursday as strong economic data renewed investors optimism on recovery. Light, sweet crude for September delivery surged 3.57 U.S. dollars, or 5.6 percent, to settle at 66.92 dollars a barrel on the ...

Shell pipeline fix could take a few weeks

HOUSTON/NEW YORK, July 30 - A crack in Shell's 173,000 barrel-per-day (bpd) Eugene Island oil pipeline off the shore of Louisiana should be easy to repair, although the damaged section may not carry crude for a few weeks, industry experts said Thursday. "My guess is three weeks," ...

Arrow Energy says raises gas reserves by 52 pct

PERTH, July 31 - Arrow Energy Ltd (AOE.AX), a partner with Royal Dutch Shell (RDSa.L) in Australia, on Friday raised its coal seam gas reserves by 52 percent and said it now has double the gas required to underpin a small gas export facility. Arrow said its certified proved and ...

Australia Origin Energy Q4 output up 16 pct

PERTH, July 31 - Origin Energy Ltd (ORG.AX), Australia's second-largest power retailer, on Friday posted a 16 percent rise in fourth-quarter production and said its coal seam gas reserves have increased by as much as 50 percent. Origin, which is in a partnership with U.S. ...

Southwestern profit falls; lowers FY production view

July 30 - Independent oil and gas company Southwestern Energy Co (SWN.N) reported a lower second-quarter profit, hurt by lower realized natural gas prices and higher operating costs and expenses, and cut its full-year production outlook. For the quarter, the company's net income ...

US oil and gas companies see upbeat year as costs slide

BANGALORE, Aug 4 - U.S. oil and gas exploration and production companies including Bill Barrett (BBG.N) and Denbury Resources (DNR.N) gave upbeat forecasts for the rest of year given continuing strength in oil prices and falling oilfield service costs. In the second quarter, the ...

TransCanada cuts some gas flows in Alberta

CALGARY, Alberta, Aug 5 - TransCanada Corp (TRP.TO) said on Wednesday it has repaired a pipeline break on its Alberta natural gas network, but that short-term transport service will be limited until it completes its investigation. TransCanada said on its website that the break ...

MEKO produced successfully by Sainon Chemical

CHINA July 20 - Recently, the first Methyl ethyl ketoxime equipment of China in ammoximation of methyl ethyl ketone catalyzed by new molecular sieve has been put into production successfully. This equipment in Zhejiang Sainon Chemical Co., Ltd adopts one kind of green and clean ...

US Cash Crude-HLS leads grades up on Valero restart

HOUSTON, Aug 4 - Heavy Louisiana Sweet HLS- led U.S. cash crudes higher on Tuesday, gaining $1.15 to sell for $2.80 a barrel over West Texas Intermediate CLc1. Light Louisiana Sweet LLS- was 95 cents stronger, changing hands at WTI plus $4.05. Mars sour MRS- gained 65 cents to ...

TSX closes above 11,000, at 10-month high

TORONTO, Aug 4 - Toronto's main stock index cracked the 11,000-point level on Tuesday, its highest close in 10 months, boosted by commodity shares as the resource-heavy market played catch-up with global stocks after Monday's holiday in Canada. The index's energy sector advanced ...

USW pulls out of refinery safety talks with API

HOUSTON, Aug 4 - The United Steelworkers union pulled out of talks on Tuesday with the American Petroleum Institute over refinery safety standards, saying oil companies wanted as few regulations and mandates as possible. The talks were an outgrowth of the U.S. Chemical Safety ...

Eugene Island oil leak cleanup done -Coast Guard

HOUSTON, August 3 - Workers finished Monday cleaning up 1,500 barrels of crude oil that leaked from Eugene Island pipeline, a news release by the U.S. Coast Guard and operator Shell Pipeline Co (RDSa.L) said. Shell said it would repair and restart the line but did not say when. ...

Europe Gasoline-Soars to 2009 high on refinery outages, cuts

LONDON, Aug 3 - European gasoline soared to a new 2009 high near $730 a tonne on Monday, jumping by $40 as a spate of refinery outages and cuts helped extend a rally sparked by a big move up in crude and product futures. French oil major Total (TOTF.PA) is currently cutting ...

Chicago grains soar on weak dollar, weather threat

CHICAGO, Aug. 3 - Grain futures in Chicago Board of Trade finished much higher on Monday as dollar plunged and the forecasts called for hot and dry weather in Midwest. Soybean future for November delivery rose 48.5 cents to settle at 10.305 U.S. dollars per bushel, the strongest ...

Libya, India's Essar bid for Shell's UK refinery

LONDON, Aug 9 - Libya and India's Essar are both bidders for Shell's (RDSa.L) UK refinery according to a report in the Sunday Times. U.S. oil refiner Valero (VLO.N) and an investment vehicle controlled by the Saudi royal family are also expected to submit bids alongside Libya's ...

Oil jumps to one-month high on weak dollar

NEW YORK, Aug. 3 - Oil prices extended rally to its one-month high on Monday as the dollar continued to retreat and U.S. manufacturing data showed a sign of recovery. Light, sweet crude for September delivery rose 2.13 U.S. dollars, or 3.1 percent, to settle at 71.58 dollars a ...

Valero restarts Texas City refinery units -filing

HOUSTON, Aug 9 - Valero Energy Corp (VLO.N) was restarting units at its 199,500 barrel-per-day Texas City, Texas, refinery, according to a notice filed Friday with Texas pollution regulators. The restart of the units in complexes 1 and 3 of the refinery began on Saturday was ...
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