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Oil extends gains, rises on weak U.S. dollar: PERTH - Oil prices extended the previous session's gains and rose toward $62 a barrel on Monday, hovering near a six-month high, thanks to a weak dollar and on short-covering amid the U.S. Memorial Day holiday weekend. Expectations the Organization of the Petroleum Exporting ...

Kazakhstan willing to be reliable energy supplier to Europe: ALMATY, May 21 - Kazakhstan is willing to be a reliable energy supplier to Europe, Senate Speaker Kasymzhomart Tokaev was quoted as saying on Thursday by Interfax. Since a lot of the world's energy producers are located in unstable areas, Kazakhstan will become more and more ...

Shell say S.F. Bay refinery ops stable after upset: HOUSTON, May 21 - Shell Oil Co (RDSa.L) said on Thursday a compressor malfunction at its 155,000-barrel-per-day (bpd) San Francisco Bay-area refinery in Martinez, California, had been corrected and refinery operations were stable. The malfunction occurred on Wednesday afternoon ...

Hainan Airlines loses 208 mln U.S. dlrs in 2008: BEIJING, May 24 - Shanghai-listed Hainan Airlines Co., Ltd. (HNA) reported a 1.42 billion yuan (208 million U.S. dollars) net profit loss last year due to high oil price and waning passenger demands. The company attributed the losses to the rising oil price in the first half of ...

Oil price fall helps fuel big TSX drop: TORONTO, May 21 - Toronto's main stock market index fell on Thursday after a two-day rally as a drop in oil prices from six-month highs pressured energy shares. Oil CLc1 fell to settle at $61.05 a barrel from Wednesday's half-year high above $62 as signs of job market weakness ...

Woodside in talks with Apache on Pluto project gas: PERTH, May 21 - Australia's Woodside Petroleum Ltd (WPL.AX) is in talks with U.S. firm Apache Energy (APA.N), and Apache's Kuwaiti partner, to buy gas to support Woodside's Pluto gas-export project off western Australia. Woodside said on Thursday it had signed a non-binding ...

Western Canadian to buy Cambrian Mining for C$120 mln: May 20 - Western Canadian Coal Corp (WTN.TO) (WTN.L) said it agreed to acquire London-based coal producer Cambrian Mining Plc (HGV.L) in an all-stock deal valued at C$120 million ($104.1 million) to boost its coal assets. Western said it will issue 0.75 of its common shares for ...

China's oil processing capacity to increase by 18% by 2011: BEIJING, May 18 - China plans to raise its annual crude oil processing capacity to 405 million tonnes by 2011, the State Council, or the Cabinet, said on Monday in its restructuring and stimulus plans for the petrochemical industry. That would represent an increase of about 18.4 ...

Oil output slips 0.8 pct in April: RIO DE JANEIRO, May 20 - Brazil's state-run oil company Petrobras (PETR4.SA)(PBR.N) said on Wednesday its domestic oil production slipped 0.8 percent in April to 1.98 million barrels per day compared with 1.99 million in March. The slump ends a series of output increases that ...

Total reduced FCC rates at Port Arthur refinery: NEW YORK, May 13 - Total SA (TOTF.PA) reduced rates to a gasoline-making fluid catalytic cracking unit at its 174,000-barrel-per-day Port Arthur, Texas, refinery on Tuesday due to an upset, the company said in a filing with state regulators Wednesday. In addition, the refinery ...

Australia's Santos to announce capital raising: PERTH, May 11 - Australian oil and gas producer Santos Ltd (STO.AX) will announce a proposed capital raising involving institutional and retail investors on Monday, it said in a statement. It requested a halt to the trading of its shares pending the announcement. The halt will ...

Iraq aim to revive pre-war energy deals: p>Russia and Iraq have agreed to work on restoring oil contracts that they signed before the U.S.-led invasion of Iraq in 2003, Russia's energy minister said after the two countries' prime ministers met on Friday. A Russian consortium including oil group LUKOIL (LKOH.MM) signed a ...

Sulfur dioxide leak at Sarnia: p>Suncor Energy Inc (SU.TO) said on Thursday the sulfur recovery unit at its 70,000 barrel per day refinery at Sarnia, Ontario, leaked sulfur dioxide, but there were no injuries and no impact to production at the facility. Suncor cleared the facility of employees and contractors ...

M'bishi Chem to stop making polystyrene, PVC-paper: p>Mitsubishi Chemical Corp will exit the polystyrene and PVC businesses as early as this year due to shrinking domestic demand and intensified competition with Asian and Middle Eastern rivals, a newspaper reported. The Nikkei business daily said the move is part of a shift by the ...

Agrium asks CF shareholders to withhold votes: p>Brazil's state-run oil giant Petrobras (PETR4.SA) (PBR.N) said on Wednesday a consortium formed by the company and BG Group found evidences of oil in the subsalt layer in Santos basin. BG Group, which has a 40 percent share in the consortium that explores the BM-S52 block, is ...

BG Group find evidence of oil in Santos: p>Brazil's state-run oil giant Petrobras (PETR4.SA) (PBR.N) said on Wednesday a consortium formed by the company and BG Group found evidences of oil in the subsalt layer in Santos basin. BG Group, which has a 40 percent share in the consortium that explores the BM-S52 block, is ...

Iraq invites Brazil Petrobras to build oil refinery: p>Iraq's government on Wednesday invited Brazil's state-run oil company Petrobras (PETR4.SA)(PBR.N) to build an oil refinery with a daily capacity of up to 200,000 barrels in the Middle Eastern country. Brazil and Iraq have created commissions to discuss the project that could ...

S.Korea S-Oil cuts crude runs on regular maintenance: p>South Korea's S-Oil Corp (010950.KS) has cut crude runs to 460,000 barrels per day (bpd) in April from 480,000 bpd in March due to planned maintenance at one of its crude units, industry sources said on Wednesday. S-Oil has shut its No.1 90,000 bpd crude distillation unit (CDU) ...

Grease wheels of trade in Brazil: p>Germany's Bayer AG (BAYG.DE) is accepting coffee, sugar and grains as payment for its agrochemicals and inputs as a way to stave off a slowdown in sales as farmers struggle to obtain bank loans to raise cash. "It's a good way (of doing business), especially in these times of ...

China discovers two new oil fields again: p>China National Offshore Oil Company Limited (CNOOC Ltd.) announced Friday it has started drilling in two new oil and gas formations discovered in East China's Bohai Bay. Both are independent exploration discoveries of CNOOC Ltd, the company said in a statement. Bozhong (BZ) 2-1...

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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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