industry

TORONTO, June 25 - Toronto's main stock index shot higher in a broad-based rally on Thursday as a rise in oil and gold prices lit a fire under the resource-heavy index and lifted it higher for the week. The energy sector rose 4 percent to lead the rise as oil prices moved sharply ...
MADRID, June 28 - Spanish oil major Repsol (REP.MC) has discovered two new oil wells off the northern coast of Spain with a potential production of 8,000 barrels per day, four times the group's Spanish production, a spokesman said. "Repsol's made a couple of discoveries in ...
PORT OF SPAIN, June 25 - ONGC Mittal Energy Ltd (OMEL) has pulled out of an oil and gas production sharing contract it had signed with the Trinidad and Tobago government six months ago, Energy Minister Conrad Enill said on Thursday. "We had an arrangement with the Mittal group, ...
June 25 - Canada's Petrobank Energy and Resources Ltd (PBG.TO) said it plans to offer $300 million of convertible notes due 2015. The Calgary-based oil and natural gas exploration and production company said the notes, convertible into common shares of Petrobank, are expected to ...
SAO PAULO, June 25 - Brazil's benchmark stock index jumped 3 percent in late afternoon trade on Thursday as rising metals and oil prices lifted shares of bellwether companies Petrobras and Vale. The Bovespa index .BVSP of the Sao Paulo stock exchange jumped to 51,234.74 from 49...
SINGAPORE, June 25 - Chemoil Energy (CHEL.SI) said on Thursday its majority shareholders are in talks with various parties for the possible sale of part or all of the $465 million company. Sources familiar with the deal told Reuters on Wednesday that the family of Chemoil founder ...
WASHINGTON, June 24 An environmental group on Wednesday asked U.S. Secretary of State Hillary Clinton to deny permits for pipelines that would bring oil from Canada's oil sands to the United States. ForestEthics said production from Canadian oil sands, also known as tar sands, ...
NEW YORK, June 24 - Coal prices may remain weak in the near term as mining costs eat into margins, but world coal markets are set to boom again after the economic downturn, with developing countries in Asia dominating, a senior U.S. coal executive said on Wednesday. Rick Navarre, ...
PERTH, June 22 - ExxonMobil (XOM.N), operator of a liquefied natural gas project in Papua New Guinea, is nearing agreement on LNG sales with three major buyers in Asia, venture partner Oil Search Ltd (OSH.AX) said on Monday. The potential sales to the Asian buyers are for a total ...
LONDON, May 30 - Britain has taken a major step forward towards carbon-free coal-burning power generation through a ground-breaking test to capture CO2 emissions from a working coal-fired plant and a plan for undersea storage of CO2. The kick-start of a carbon capture and storage ...
LAGOS, May 25 - Nigerian militants launched their first major strike against the oil industry since the start of a 10-day old military offensive late on Sunday, bombing a Chevron (CVX.N) pipeline and shutting 100,000 barrels per day of output. The Movement for the Emancipation of ...
HOUSTON, May 13 - A former Iraq oil minister and Kurdistan's U.S. representative Wednesday hailed an agreement to export Kurdish oil from Iraq and urged U.S. oil companies to seize the moment to help build Iraq's energy industry. Former oil minister Ibrahim al-Oloum and Kurdistan ...
NEW YORK, May 12 - Shell Oil Co (RDSa.L) was preparing to restart all major units at its 332,000 barrel per day refinery in Deer Park, Texas, the company said Tuesday. The refinery's production was disrupted after a power disruption early Monday morning. Shell anticipated ...
SAN FRANCISCO, May 12 - All three legs of an oil and gas drilling rig have penetrated the sea floor off the coast of Qatar, causing severe damage to the jackup and its legs, rig owner Noble Corp (NE.N) said. The Noble David Tinsley experienced the "punch-through" while conducting ...
LA JOLLA, Calif., May 13 - U.S. industrial customers are still seeing falling oil demand with a return to normal operations not coming until late this year or early 2010, the chief executive officer of oil major BP Plc (BP.L) said on Wednesday. "Most of our industrial customers ...
HOUSTON, May 12 - EOG Resources Inc (EOG.N) plans to ship North Dakota Bakken Shale oil to market by rail due to limited pipeline availability, a spokeswoman said on Tuesday. EOG Chairman and CEO Mark Papa discussed the plan in a May 5 quarterly earnings conference call with ...
LONDON, May 12 - World shipping markets face at least two more years in the doldrums as excess ship orders depress rates, the Financial Times quoted a senior shipping executive as saying. Tor Olav Troim, an aide to Norwegian shipping magnate John Fredriksen, said it remained too ...
SAO PAULO, May 11 - Brazilian state-controlled oil company Petrobras posted first-quarter net profits of 5.82 billion reais ($2.83 billion) versus 7.24 billion reais in the same three-month period a year ago, the company said on Monday. Petroleo Brasileiro SA (PETR4.SA)(PBR.N) ...
CALGARY, Alberta, May 11 - Rising oil and gas prices won't be enough to spark big gains in drilling in the coming months following the weakest winter period in more than two decades, the head of Ensign Energy Services Inc (ESI.TO), Canada's No. 2 oil field service provider, said ...
BEIJING, May 11 - The location of the proposed joint refinery between Sinopec Corp (0386.HK) and Kuwait Petroleum Corp will be changed from Guangzhou to another city in the province, oil industry sources said on Monday. "Talks are still going on and Zhanjiang is a very likely ...
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