OSLO, Jan 15 (Reuters) - Norwegian oil and gas investments will tumble this year and if oil prices stay below $60 per barrel for an extended period, more projects could be called off, cutting investments further and lowering output, the Norwegian Petroleum Directorate said. The NPD now sees
Read more(Adds CEO, analyst comment, share price, details, background) By Karolin Schaps LONDON, Jan 15 (Reuters) - Africa-focused oil and gas explorer Tullow Oil has written off $2.3 billion in relation to exploration work and a number of its assets after the oil price rout. Markets wel
Read moreLONDON, Jan 15 (Reuters) - BP is expected to announce job cuts in its North Sea operations on Thursday, the BBC reported. The British oil major employs nearly 4,000 people in the North Sea, with a further 11,000 elsewhere in the United Kingdom, the BBC said. BP said in December that i
Read more(Adds Coles comment) SYDNEY, Jan 15 (Reuters) - Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will
Read moreSYDNEY, Jan 15 (Reuters) - Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on
Read moreHOUSTON, Jan 14 (Reuters) - BP Plc was continuing the restart of a 60,000-barrel-per-day (bpd) catalytic reformer at its 413,500 bpd Whiting, Indiana, refinery on Wednesday, said sources familiar with plant operations. The reformer, which converts refining by-products into octane-boosting a
Read moreMining stocks fell across the board though those exposed to the copper sector were hit the hardest after copper prices fell to five and a half year lows to $5,353.25 a metric ton. Antofagasta and Anglo American fared badly, but Glencore fared the worst, falling over 11% to a new record low. On
Read more(Recasts lead, adds analyst, background) MILAN, Jan 14 (Reuters) - Italy's Eni has reached its second agreement in less than a week to explore oil and gas fields in Egypt, as efforts by Cairo to pay foreign oil majors debt attracts investors. In a statement on Wednesday, Eni said it h
Read moreMILAN, Jan 14 (Reuters) - Italian oil and gas major Eni said on Wednesday it had signed concession agreements to explore two new blocks in the Egyptian Mediterranean, further strengthening its position in the country. Last Friday Eni said it had signed an agreement to operate a block in th
Read moreHOUSTON, Jan 13 (Reuters) - BP Plc completed the restart of a 90,000 barrel per day (bpd) crude distillation unit at its 413,500 bpd Whiting, Indiana, refinery on Tuesday, said sources familiar with plant operations. BP was continuing to restart a 60,000 bpd catalytic reformer at the Whitin
Read more(Updates with potential delays on Lima restart) By Jarrett Renshaw PHILADELPHIA, Jan 13 (Reuters) - Three of the largest U.S. oil refineries were working to restore operations on Tuesday after a series of weekend glitches temporarily knocked out some 1 million barrels per day (bpd) of
Read more(Adds wider sector cuts, background, analyst comment) By Karolin Schaps LONDON, Jan 13 (Reuters) - Oil producer Tullow Oil is planning to cut some of its 2,000-strong workforce, a source familiar with the company said, starting an expected avalanche of job losses in the sector as com
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