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LONDON, Feb 24 (Reuters) - Britain's oil and gas industry should pay for the creation of a new regulator which would help companies extract as much oil and gas as possible from North Sea fields, a government-commissioned report said on Monday. The Wood Review, the first strategy assessment
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The future of BP's flagship Rumaila oilfield in southern Iraq is in jeopardy after a bureaucratic snarl-up in Baghdad forced the company to axe a hundred crucial contractor jobs. The move highlights the mounting challenges facing western oil majors in Iraq, and bodes ill for the country's ambitious
Read moreStephen Hester, the new Chief Executive of RSA Insurance, is preparing an 800m pounds rights issue to strengthen the company's balance sheet, the Sunday Times said. Hester, who joined RSA three weeks ago, is expected to announce the capital raising with annual results on February 27th. The fundraisi
Read more(Adds background, details on operations) HOUSTON, Feb 21 (Reuters) - BP Plc's 405,000 barrel per day (bpd) Whiting, Indiana, refinery is expected to begin a planned overhaul of a gasoline-producing fluidic catalytic cracking unit by March 1, sources familiar with operations at the refinery
Read moreHOUSTON, Feb 21 (Reuters) - BP Plc's 405,000 barrel per day (bpd) Whiting, Indiana, refinery is expected to begin a planned overhaul of a gasoline-producing fluidic catalytic cracking unit by March 1, sources familiar with operations at the refinery said on Friday. Expectations that BP will
Read moreLONDON, Feb 21 (Reuters) - A force majeure on Angola's Plutonio grade of crude oil has been lifted, a spokesman at operator BP said on Friday. He said that the force majeure, caused by what the oil major described as a marlin strike, was lifted on Feb. 18. An industry source said that
Read more* Vitol boss calls for widening of Brent benchmark * Platts, Argus see need to add new grades over time * Difficult to add Nigerian, Russian crude to Brent-traders By Dmitry Zhdannikov, Claire Milhench and Alex Lawler LONDON, Feb 20 (Reuters) - The oil industry hopes Norwa
Read more* Vitol boss calls for widening of Brent benchmark * Platts, Argus see need to add new grades over time * Difficult to add Nigerian, Russian crude to Brent-traders By Dmitry Zhdannikov, Claire Milhench and Alex Lawler LONDON, Feb 20 (Reuters) - The oil industry hopes Norwa
Read moreShares in Petrofac rise 3 percent as the British oil services firm is awarded a $1.2 billion contact by BP and French rival Technip reports strong fourth quarter results, dampening fears of a slowdown in the sector. The company is the top FTSE 100 riser, beating the wider index which is dow
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LONDON (Alliance News) - Petrofac Ltd Thursday said it has been awarded a contract by BP, worth roughly USD1.2 billion for work at the central processing facility for the Khazzan gas project in Oman. The major oil and gas engineering company said the contract is for engineering, procurement
Read morePetrofac said it has won a 1.2bn pound contract from BP to build a gas processing facility in Oman. This contract has been awarded on a convertible lump sum basis and will convert to a full lump sum contract at a pre-determined point during execution, the oil and gas services firm said. The wor
Read moreLONDON (Alliance News) - BP PLC Executive Vice President for Corporate Business Activities Katrina Landis has sold 7,000 ADSs, according to the company. She sold the ADSs after exercising an option to acquire 7,000 ADSs under the BP Share Option Plan at USD48.53 per ADS on February 18. <
Read moreJAKARTA, Feb 19 (Reuters) - BP's liquefied natural gas (LNG) train-1 at its Tangguh facility in Indonesia will shut for routine maintenance for about 21 days from May, the company's Asia-Pacific President William Lin said on Wednesday. On Monday, an official at the country's energy regulato
Read moreSINGAPORE, Feb 17 (Reuters) - Exports of sweet crudes and condensate from Australia, Papua New Guinea and East Timor are expected to remain steady in April as field maintenance keeps supplies limited, traders said on Monday. A total of 13 cargoes of sweet crude and condensate will be availabl
Read moreBy Steve Quinn JUNEAU, Alaska, Feb 17 (Reuters) - Security agents at Alaska's largest commercial airport closed the lone security checkpoint for nearly two hours on Sunday after discovering an oil field worker packing an explosive device. The "possible threat item" was detected as the
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