(Corrects name of Trans-Adriatic Pipeline in paragraph 3) By Nina Chestney LONDON, May 12 (Reuters) - The Southern Gas Corridor, a project of pipelines to bring new gas supplies to Europe, is running on time and on budget, a BP senior executive said on Thursday. The Southern Gas
Read moreMay 11 (Reuters) - U.S. Gulf Coast differentials moved sideways on Wednesday even as Brent's premium over U.S. crude rose. The move comes as U.S. crude stockpiles fell for the first time since the last week of March, with draws nationwide outside of Cushing, Oklahoma. * Light Louis
Read more(In paragraph 6 of May 10 report, corrects to show Chevron wants to sell only some of its Gulf of Mexico oil fields) * More than $110 bln of oil and gas assets on sale * Majors need to fund dividends, smaller groups repay debt * Buyers, sellers narrow gaps again after oil rally<
Read moreMay 10 (Reuters) - U.S. cash differentials slipped on Tuesday on thin volumes, dealers said. The move came after American Petroleum Institute data showed that U.S. crude stocks rose last week by nearly 1.5 million barrels into Cushing, Oklahoma, while overall inventories rose by 3.45 million
Read moreMay 10 (Reuters) - BP Plc returned the small crude distillation unit to normal production at its 413,500 barrel per day (bpd) Whiting, Indiana refinery on Monday, sources familiar with plant operations said on Tuesday. Production on the 70,000 bpd Pipe Still 11A was cut back on Sunday for m
Read moreDHAHRAN, May 10 (Reuters) - Saudi Aramco is in the final statges of preparing options for its initial public offer of shares before presenting the options soon to its Supreme Council for consideration, chief executive Amin Nasser said on Tuesday. Aramco has a huge team working on the option
Read more(Adds details, quotes, background) By Vladimir Soldatkin MOSCOW, May 10 (Reuters) - OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin, head of Russia's biggest oil firm Rosneft, told
Read moreMOSCOW, May 10 (Reuters) - OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin, head of Russia's biggest oil firm Rosneft, told Reuters. The comments are the first from Russia's most influent
Read moreMay 9 (Reuters) - U.S. Bakken differentials rose on Monday to the strongest in nearly three years as traders hurried to buy the crude on worries about supply constraints due to a raging wildfire in Canada's Alberta province. The move follows Syncrude Canada cutting estimated production volume
Read more(ShareCast News) - Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia's largest economy and after Chinese regulators warned they might clamp down on speculation further. On Sunday, China's customs administration said exports and imports s
Read moreNEW YORK, May 9 (Reuters) - BP Plc is scheduled to shut down a crude unit and a fluid catalytic cracker Wednesday at its 160,000 barrel-per-day refinery in Toledo, Ohio for up to 70 days of planned maintenance, according to a two sources familiar with the plant's operations. The work on the
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