* Europe has 2 million bpd excess oil refining capacity * Refining margins low or negative across the region * Plants must close, oil industry analysts argue * Shell, BP, Eni results next week By Christopher Johnson LONDON, July 23 (Reuters) - Europe is coming under
Read moreBAKU, July 23 (Reuters) - Azerbaijan's oil exports fell 1.5 percent year-on-year in the first half of 2014 due to a decline in oil production at its main fields, where BP has a major interest, a source at the State Customs Committee said. The source said Azerbaijan exported 17.028 million t
Read more* August North Sea maintenance to reduce output by 18 mcm/d * But healthy stocks, falling demand to prevent price spike * Russian winter cut during Ukraine crisis seen as big risk By Henning Gloystein and Nina Chestney LONDON, July 22 (Reuters) - British natural gas prices
Read moreBy Steve Quinn JUNEAU, Alaska, July 21 (Reuters) - Exxon Mobil Corp , its partners and the state of Alaska are seeking federal permission to export liquefied natural gas (LNG) from a multibillion-dollar project that includes an 800-mile pipeline cutting across the state from Alaska's North
Read more* New meeting of EU governments may be required for decisive action * Meeting Tuesday could decide on names, companies * Next summit scheduled for end-August * Economic sanctions could have heavy price for fragile EU (Updates with Cameron comments on French warship deal)
* New meeting of EU governments may be required for decisive action * Meeting Tuesday could decide on names, companies * Next summit scheduled for end-August * Economic sanctions could have heavy price for fragile EU By Barbara Lewis BRUSSELS, July 21 (Reuters) - For
Read moreBAKU, July 21 (Reuters) - Azerbaijan's oil and condensate output fell 2.8 percent in the first half of 2014, a source at the State Statistics Committee said on Monday, driven by declines at fields operated by BP. Falling output at the main Azeri, Chirag and Guneshli (ACG) oilfields had previo
Read more* Rosneft's shares sharply down * Company says to stick to dividend, strategy * Says sufficient liquidity to service debts (Adds detail, quotes, share price) MOSCOW, July 18 (Reuters) - Top Russian oil producer Rosneft said it would continue to work on existing projects and a
Read moreMOSCOW, July 18 (Reuters) - Russia's top oil producer, Rosneft, said on Friday it would continue to work on its existing projects and agreements and honour its obligations despite U.S. sanctions on the company over Moscow's role in the Ukraine crisis. The company, in which BP holds a 19.75
Read moreJuly 17 (Reuters) - A compressor failure caused flaring for about 10 minutes at the BP Plc 405,000-barrel-per-day (bpd) refinery in Whiting, Indiana, according to a report on the website of The Times of Northwest Indiana. The compressor was quickly restarted after it went offline, the rep
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