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BP warns of planned flaring at L.A. refinery -filing

HOUSTON, July 12 - BP Plc (BP.L) warned of planned flaring between Monday and July 24 at its 265,000 barrel per day (bpd) Los Angeles-area refinery in Carson, California, according to a notice filed Sunday with California pollution regulators. BP has been carrying out routine ...

Exxon reports Beaumont FCC malfunction -filing

HOUSTON, July 12 - Exxon Mobil Corp (XOM.N) reported a malfunction in a gasoline-producing fluidic catalytic cracking unit at its 344,500 barrel per day (bpd) Beaumont, Texas, refinery on Saturday, according to a notice filed with state pollution regulators. The FCC's wet gas ...

Venture CEO tells Centrica to pay above 900p/shr

LONDON, July 12 - The chief executive of North Sea gas producer Venture Production (VPC.L) said its shareholders were looking for "significantly in excess" of the 845 pence a share takeover offer made by Centrica (CNA.L) on Friday. "The feedback we have got from shareholders, ...

Total shuting Port Arthur refinery unit -filing

HOUSTON, July 9 - Total Petrochemicals USA (TOTF.PA) was shutting Unit 804 at its 232,000 barrel per day (bpd) Port Arthur, Texas, refinery on Thursday for repairs, according to a notice the company filed with state pollution regulators. The repairs are to fix "high radial ...

Imperial will not confirm Canadian shale gas rates

CALGARY, Alberta, July 9 - Imperial Oil Ltd (IMO.TO), which is exploring a big shale gas play in British Columbia, declined to confirm comments by its partner on initial production rates that were reported in the Wall Street Journal. Imperial and Exxon Mobil Corp (XOM.N) are 50...

Crude prices swing around $60

NEW YORK, July 9 - Oil prices swung around 60 U.S. dollars per barrel on Thursday on new consumer and employment data. The U.S. Labor Department said on Thursday that employers cut 467,000 jobs in June and the country's unemployment rate rose to 9.5 percent, the highest in 25 ...

Chevron to appeal to resume Calif. refinery work

HOUSTON, July 9 - Chevron Corp (CVX.N) plans to appeal a California judge's ruling that halted a $1 billion project to build a hydrogen plant at its San Francisco Bay refinery in Richmond, California, a company spokesman said on Thursday. Chevron will not ask for a stay of the ...

Canadian Natural's Horizon producing above capacity

CALGARY, Alberta, July 8 - Canadian Natural Resources Ltd (CNQ.TO) has been ramping up production at its new Horizon oil sands project, recently seeing output of up to 120,000 barrels per day, a rate above the project's official capacity, the company's vice-chairman said on ...

Ukraine pays in full for June Russian gas-Naftogaz

KIEV, July 6 - Ukrainian state energy firm Naftogaz said on Monday it had paid in full for June imports of Russian gas. Under an agreement signed in January to end a three-week cutoff of supplies, Ukraine must make payment for its imports by the seventh day of the month following ...

India's ONGC sees lower fuel subsidy burden

MUMBAI, July 2 - India's state-run Oil and Natural Gas Corp's (ONGC.BO) fuel subsidy burden for the current year will be significantly lower than the previous year, if the crude prices stay around the current level,Chairman and Managing Director R. S. Sharma said on CNBC-TV18 on ...

Europe Gasoline-Rises on exports to Nigeria, strong futures

LONDON, June 29 - European gasoline prices jumped on Monday, boosted by spot exports to Nigeria and supported by gains in crude and U.S. gasoline futures of between three and four percent. Refinery issues in Nigeria have been exacerbated by recent militant action in the Niger ...

venture integrated oil processing project in trial operation in China

FUZHOU, May 30 - China's first Sino-foreign joint-venture integrated oil processing project has gone into trial operation in Quanzhou, a coastal city in eastern China's Fujian Province, sources with the Fujian Refining and Petrochemical Co. Ltd. confirmed Saturday. The project ...

Coal producer teams up with major steel maker

TAIYUAN, May 30 - The Shanxi Coal-Steel Energy Development Company began operation recently in this capital city of north China's Shanxi Province, a senior official with the Shanxi Coking Coal Group confirmed Saturday. The move is believed to be a significant measure for the ...

Ecopetrol signs $1 bln credit with local banks

BOGOTA, May 26 - Colombia's state oil company Ecopetrol ECO.CN(EC.N) said on Tuesday it had signed up for a seven-year, nearly $1 billion credit with a group of local banks as part of its investment plans. The company said earlier this month it could seek up to $3.7 billion in ...

Inter Pipeline to ship diluent for Imperial's Kearl

CALGARY, Alberta, May 26 - Inter Pipeline Fund (IPL_u.TO) said on Tuesday said it has agreed to ship ultra-light oil to Imperial Oil Ltd's (IMO.TO) newly approved Kearl oil sands project, spending C$135 million ($121 million) to connect the facility to its existing pipeline ...

US Products Outlook-Mogas bullish on summer demand

NEW YORK, May 26 - Gasoline cash values are likely to find some strength near-term from higher U.S. summer driving season demand and lower supply due to refinery outages, traders and analysts said on Tuesday. Cash values in the U.S. Gulf Coast kicked off the short trading week on ...

Green industry demands low-carbon dollars

COPENHAGEN - Top executives from companies likely to win from climate change policies demanded on Tuesday that governments turn away from fossil fuels when they sign a new climate pact, expected in December. Seven months before the world meets to try and thrash out a new global ...

Norway shuts Kollsnes gas plant, 3 N. Sea fields

OSLO, May 25 - North Sea gas pipeline operator Gassco said on Monday the Kollsnes gas processing plant on the Norwegian coast has been shut for repairs until June 6, while StatoilHydro (STL.OL) said it shut three North Sea gas fields. With daily processing capacity of up to 143 ...

Addax set to start Kurdistan crude exports Sunday

ABU DHABI, May 25 - Oil and gas company Addax Petroleum (AXC.TO) expects to start crude oil exports from its facility in Iraq's Kurdistan region on Sunday, a senior company executive said on Monday. The firm, listed in Toronto and London (AXC.L), expects to get access to an Iraq...

Imperial to go ahead with C$8 bln Kearl project

Imperial Oil Ltd (IMO.TO) on Monday said it would go ahead with its C$8 billion ($7.1 billion) Kearl oil sands project, the first major new development to be approved in the region of northern Alberta since the recession forced a spate of cancellations. Imperial, Canada's biggest ...
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