industry

p>MEXICO CITY, April 14-Mexico's state-run oil giant Petroleos Mexicanos (Pemex) has picked Tula, Hidalgo state, as the site for a new refinery with a daily output of 300,000 barrels, company officials said Tuesday. The refinery, costing 9.1 billion U.S. dollars, will be built in ...
HOUSTON, April 14 - Integrated oil and gas producer Marathon Oil Corp (MRO.N) said on Tuesday its first-quarter output would top its forecast, but that prices for oil and gas fell sharply from a year earlier. Oil and gas available for sale during the first quarter would be about ...
An invasion of soybean aphids poses a problem for soybean farmers requiring application of pesticides, but a team of Pennsylvania State University entomologists thinks a careful choice of nitrogen-fixing bacteria may provide protection against the sucking insects, according to a ...
p>Canada's Iteration Energy Ltd (ITX.TO), said it is negotiating renewal of its credit facilities and plans to raise C$50 million by issuing shares, prompting analysts to temper their views on the stock. "While the equity offering is being done at a substantial discount to the ...
p>Toronto's main stock index fell on Tuesday after earlier hitting a three-month high, as lower oil prices pulled down the heavily weighted energy sector. Oil is a key Canadian export and its price often dictates direction for the TSX index's energy component, which was down 2.4 ...
p>Washington's energy and environmental policy risks plunging the United States into an economic tailspin that could make it "the world's cleanest third world country," a top U.S. oil executive was reported as saying by the Financial Times newspaper. "The histrionic and maniacal ...
p>Iran has given Royal Dutch Shell (RDSa.L) and Repsol (REP.MC) until May 20 to clarify their involvement in a major gas project in the Gulf, a senior oil official was quoted as saying on Monday. "If subsequent to the expiry of the deadline these companies do not make clear their ...
p>Planned work on units at Exxon Mobil's 60,000 barrel per day refinery in Billings, Montana is expected to last until the end of April, according to a state regulator. The gasoline-making 22,000 bpd fluid-catalytic cracking unit was down several days due to plugging, the ...
p>Alaska North Slope oil output is expected to drop 5 percent in the coming fiscal year as its oilfields age, and average prices of its crude oil are expected to fall, causing a dip in income for the state, its Department of Revenue forecast on Friday. Despite that, the state ...
p>BOAO, April 19-China's offshore oil specialist CNOOC has no plan to buy oil firms abroad during the global financial crisis, and will look instead for foreign partners to make joint investments, chairman Fu Chengyu said on Sunday. Awash with capital and facing strong domestic ...
MOSCOW, April 20 - Russia is planning to increase its shares in the liquefied gas market, Russian news agencies reported on Monday citing First Deputy Foreign Minister Andrei Denisov. "Our energy strategy aims to increase the share of liquefied gas in Russia's exports. Fields in ...
p>MILAN, April 19-Russian oil major LUKOIL (LKOH.MM) is looking to enter the wholesale and retail distribution market in Italy, a company official told an Italian newspaper in an interview on Sunday. Lukoil in November finalised a 1.35 billion euro ($1.77 billion) deal with Italy...
p>U.S. lawmakers will pass major energy legislation, possibly including measures to address climate change, by the end of this year, a top White House official said on Sunday. "I do know this, at the end of this first year of Congress there will be an energy bill on the president...
p>HOUSTON, April 16- Chesapeake Energy Corp (CHK.N), one of the top U.S. natural gas producers, said on Thursday it is making deeper cuts to production due to low prices. About 400 million cubic feet (mmcf) per day, or 13 percent of the company's gross capacity, will be curtailed...
p>CALGARY, Alberta, April 16-Imperial Oil Ltd (IMO.TO) is still keen on its C$8 billion ($6.6 billion) Kearl oil sands project in Alberta despite having missed a target for making a go-ahead decision, the company said on Thursday. Imperial, Canada's biggest oil producer and ...
p>MUMBAI, April 18-India's Reliance Industries Ltd (RELI.BO) said it had surrendered its export oriented unit (EOU) status for its refinery in the western state of Gujarat so it could sell to the domestic market as well. The move came into effect on Thursday for the refinery in ...
p>CALGARY, Alberta, April 15-Petro-Canada (PCA.TO) has laid off nearly a third of the workers in its oil sands division as its major project, the C$21-billion-plus ($17-billion-plus) Fort Hills venture, remains stalled in the oil industry downturn, the company said on Wednesday. ...
p>LAGOS, April 16 - Nigeria's stock market regulator slapped a one-year ban on a brokerage accused of manipulating shares in fuel retailer African Petroleum (AP) on Thursday but cleared billionaire tycoon Aliko Dangote of involvement. Regulators had been investigating allegations ...
MUMBAI, April 22 - India's largest energy group, Reliance Industries Ltd (RELI.BO), is expected to report a second consecutive drop in quarterly profit as the global economic crisis squeezed demand and shrank refining margins. Reliance, valued at $54 billion, should show ...
TEHRAN, April 22 - Iranian Oil Minister Gholam Hossein Nozari said oil prices will reach 60 U.S. dollars a barrel if OPEC members cooperate, local Press TV reported Wednesday. "Cooperation and coordination between OPEC members can raise oil prices to 60 dollars a barrel in the ...
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