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HOUSTON, May 23 (Reuters) - Independent refiner Tesoro Corp is expected to take control of BP Plc's 240,000 barrel-per-day (bpd) Los Angeles-area refinery in Carson, California, on June 1 as part of a $2.5-million purchase of the energy giant's southern California assets, according to sources fa
23 May 13 22:52* Production-sharing auction to be 1st under 2010 law * Giant Libra area seen producing up to 12 bln barrels * Auction moved up 1 month to meet president's schedule By Jeb Blount RIO DE JANEIRO, May 23 (Reuters) - Brazil plans to sell the right to explore and develop its l
23 May 13 20:45May 23 (Reuters) - A commodities trader filed suit against BP Plc, Royal Dutch Shell Plc and Statoil in a U.S. federal court, accusing the companies of colluding to fix prices in North Sea Brent crude oil. Prime International Trading Ltd, in a proposed class-action lawsuit filed in the cou
23 May 13 20:32May 23 (Reuters) - A commodities trader has sued BP Plc , Royal Dutch Shell Plc and Statoil in the United States, accusing them of colluding to fix prices in North Sea Brent crude oil. Prime International Trading Ltd, in a proposed class-action lawsuit filed in White Plains, New York, accus
23 May 13 19:34TIRANA, May 23 (Reuters) - Four Balkan states backed the Trans Adriatic Pipeline (TAP) project on Thursday, weeks before the Shah Deniz 2 consortium picks between TAP and its rival Nabucco West project. The TAP project aims to bring 10 billion cubic meters (bcm) of Azeri natural gas from th
23 May 13 18:19* Production-sharing auction to be 1st under 2010 law * Sale to offer one of most promising offshore areas * Giant Libra prospect on offer has up to 42 bln barrels in place By Jeb Blount RIO DE JANEIRO, May 23 (Reuters) - Brazil plans in October to auction off rights to ex
23 May 13 17:04RIO DE JANEIRO, May 23 (Reuters) - Brazil's Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Magda Chambriard, director of the ANP oil agency said on Thursday. "This is really different; it
23 May 13 15:40* Claims, payout rate may point to charge against profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 23 (Reuters) - A group of U.S. accountancy professors is backing BP's fight to rein in compensation it h
23 May 13 14:49* Britain accused of hypocrisy for not signing up * Body agrees tougher disclosure measures in Sydney By Emma Farge and William James GENEVA/LONDON, May 22 (Reuters) - The UK and French governments will join a global initiative that will require oil and mining firms to comply wi
22 May 13 21:22* First day of three-day roll trade * Crude futures slide on U.S. gasoline inventory rise * Brent/U.S. crude spread wider NEW YORK, May 22 (Reuters) - Cash crude differentials in the United States weakened on Wednesday, the first day of the roll period in the cash market, as oil fut
22 May 13 21:17GENEVA/LONDON, May 22 (Reuters) - The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday. The Extractive Industries Transp
22 May 13 17:53* Disclosure levels at oil majors lag those of secretive traders * Risk appetite bigger than at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's energy price manipulati
22 May 13 15:04* Rumaila output to hit 1.450 mln bpd end-2013 * BP to drill 300 oil wells over next 5 years By Aref Mohammed BASRA, Iraq, May 22 (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the join
22 May 13 14:39BASRA, Iraq, May 22 (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters. Salah Mohammad said production from the field would rise to 1.450 milli
22 May 13 13:51* Yamal to produce 15 mln tonnes of LNG annually from 2018 * Aims to sell gas to Britain, Europe in winter * Plant is intended to supply higher-priced Asian markets MOSCOW/PARIS, May 22 (Reuters) - BP has been in discussions to secure liquefied natural gas from Russia's Yamal LN
22 May 13 13:25
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