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Nervousness ahead of a Federal Reserve statement and disappointing trade figures from China weighed on markets on Wednesday, though a late rally on the FTSE 100 ensured that losses were only minor by the close. The FTSE 100 finished the session at 6,505, down just eight points (-0.12%) on the day a
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BAKU, July 10 (Reuters) - Azeri state energy company SOCAR and British BP will get 20 percent each, while French Total will have a 10 percent stake in the Trans Adriatic Pipeline (TAP) project, SOCAR's president said on Wednesday. "All documents will be signed within two months," Rovnag Abd
Read more* Operator expects to plug well within 24 hours * Leak began while company was attempting permanent plug July 9 (Reuters) - An inactive natural gas well in the shallow Gulf of Mexico suffered a blowout on Tuesday as operators were trying to permanently plug the well, causing an oil sh
Read moreHOUSTON, July 9 (Reuters) - Privately-held energy exploration and production company Talos Energy LLC said on Tuesday that it expects a well leaking natural gas and condensate into the Gulf of Mexico would be shut within 24 hours. Talos said it was working to permanently shut the non-produc
Read moreHOUSTON, July 9 (Reuters) - BP Plc's joint-venture 135,000 barrel per day (bpd) refinery in Toledo, Ohio, has begun a planned overhaul on a coking unit, sources familiar with operations at the refinery said on Tuesday. Energy industry intelligence service Genscape said a 7,500 bpd coker wa
Read moreBy John Wasik CHICAGO, July 9 (Reuters) - Buried in a recent avalanche of anxiety over the Federal Reserve and U.S. bond and stock selloffs was continuing good news about European growth. With euro zone growth expected to return in the second half of this year, buying opportunities ab
Read more* Tight gas output to triple by 2030 - ACE * Shale gas, coalbed methane trail in unconventional development * Flagship tight gas play Sulige, China's largest gas producer * To expand low-cost model, home-grown expertise By Chen Aizhu SULIGE, China, July 9 (Reuters) -
Read more* BP estimates compensation to date at $8.2 bln * More than 195,000 claims filed so far By Kathy Finn NEW ORLEANS, July 8 (Reuters) - BP Plc drew tough questions on Monday from U.S. appeals court judges hearing a complaint by the oil company objecting to the payment of certain
Read moreLONDON, July 8 (Reuters) - Spreading unrest in Egypt has led British energy firms BG Group and BP to pull 160 expatriate staff out of the country. BG Group, which sources a fifth of its total production from Egypt, is taking 100 non-essential expatriate staff out of the country, a spokesman
Read more* Vivergo Fuels' biorefinery one of biggest in Europe * Capacity to meet third of UK bioethanol demand LONDON, July 8 (Reuters) - One of Europe's largest biorefineries, capable of meeting up to a third of Britain's bioethanol demand, opened officially near Hull in eastern England on M
Read moreFormer Audit Committee Chairman of Britannia Building Society, Bridget Rosewell, has raised questions about The Co-operative Bank, as the mystery over its sudden 1.5bn pound black hole worsens, The Times reported. BP will on Monday attempt to block what it describes as "inflated" compensation payme
Read more* Appeal hearing to be held on Monday in New Orleans * BP estimates compensation to date at $8.2 bln * More than 195,000 claims filed so far LONDON, July 8 (Reuters) - The number of claims filed against BP Plc's oil spill compensation fund has risen by 18 percent over the last
Read moreBy Sarah Young LONDON, July 7 (Reuters) - One of the biggest shareholders in oil exploration firm Gulf Keystone hit out at the company's corporate governance standards and "excessive" executive pay on Sunday. M&G Recovery Fund, which owns a 5.1 percent stake in the company, said in a
Read more* Pending platform closures will leave oil in ground * Some 4.88 bln barrels at risk of stranding * Small offtake agreements not a priority for oil majors By Claire Milhench LONDON, July 5 (Reuters) - Britain must get tough with major oil firms that prevent smaller produce
Read moreLONDON, July 4 (Reuters) - The gasoline crack firmed on Thursday as traders expected the publication of gasoline stocks in the United States next week to show a decline, following the travel-intense July 4 holiday. A fall in stock levels could rejuvenate U.S. demand for European gasoline, wh
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