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Andy Inglis, the Chief Executive Officer (CEO) of Petrofac's Integrated Energy Services (IES) division, is to step down from the company at the end of February. Inglis, who joined the oilfield services firm in January 2011 after having spent 30 years at BP, is to leave for Dallas, Texas, where he h
Read moreMorrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
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Jan 11 (Reuters) - One of BP's attempts to curb payouts for what it says are "fictitious" and "absurd" claims related to the 2010 Gulf of Mexico oil spill has failed after a legal appeal was rejected by a U.S. court. BP had argued in its appeal that the administration of a 2012 settlement a
Read moreJan 10 (Reuters) - A panel of the 5th U.S. Circuit Court of Appeals on Friday affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill. BP had supported the settlem
Read moreLONDON, Jan 10 (Reuters) - Current high levels of investment in Britain's North Sea are unlikely to continue after 2015, according to a forecast from energy consultancy Wood Mackenzie that could feed concerns about the longer-term future of the country's oil industry. Britain's oil and gas
Read more- Tullow lifted by Statoil speculation - UK data misses forecasts - Focus on Fed ahead of non-farm payrolls techMARK 2,794.53 +0.72% FTSE 100 6,750.46 +0.88% FTSE 250 16,088.05 +0.87% UK investors were in a confident mood on Friday morning with markets gaining strongly ahead of the all-important D
Read moreBAKU, Jan 10 (Reuters) - Azerbaijan's gross domestic product (GDP) expanded by 6.0 percent in 2013, up from 2.2 percent growth in 2012, backed by a rise in oil and gas production and growth outside its dominant energy sector, President Ilham Aliyev said. Aliyev told a government meeting lat
Read more- Tullow rises on Statoil speculation - Broker rating changes move stocks early on - Taper in focus as US jobs report due this afternoon techMARK 2,785.01 +0.37% FTSE 100 6,725.63 +0.51% FTSE 250 16,016.63 +0.42% UK stocks gained strongly on Friday morning as investors prepared themselves for the
Read moreHOUSTON, Jan 9 (Reuters) - A 70,000 barrel per day crude distillation unit was not shut on Wednesday at BP Plc.'s 405,000 bpd Whiting, Indiana, refinery contrary to a report by an energy industry intelligence service, sources familiar with operations at the refinery said on Thursday. Gensc
Read more* Oil industry is far from troubled Anbar province * Violence however causes pipeline security worries * Iraq looking for big rise in oil exports this year By Peg Mackey and Isabel Coles LONDON/ARBIL, Jan 9 (Reuters) - Iraq's oil industry and its foreign investors see no c
Read moreMUMBAI, Jan 9 (Reuters) - India's Reliance Industries, which operates the Krishna-Godavari basin's D6 block off India's east coast, has started producing gas from the MA-8 well on Jan. 1, its spokesman said on Thursday. The well has potential to produce 1 million to 2 million standard cubic
Read moreMELBOURNE, Jan 9 (Reuters) - ExxonMobil has signed a deal to sell Mobil-branded fuel at 7-Eleven service stations, reviving the Mobil brand in Australia's biggest markets on the east coast since it sold its retail assets to 7-Eleven in 2010. The move comes as rival Royal Dutch Shell is repo
Read more* Foreign oil company staff to keep working as service providers * Disagreement over which companies best suited delays renewal * Western oil majors' knowledge of fields may see them return By Daniel Fineren and Stanley Carvalho DUBAI/ABU DHABI, Jan 8 (Reuters) - Abu Dhabi
Read moreHOUSTON, Jan 8 (Reuters) - BP Plc's revamped 405,000-barrel-per-day (bpd) refinery in Whiting, Indiana has continued operating in extreme cold that has triggered malfunctions at neighboring crude oil refineries in the Chicago area, sources familiar with the BP plant said on Wednesday. The
Read moreDUBAI, Jan 8 (Reuters) - Abu Dhabi National Oil Company (ADNOC) will take full control of the ADCO oil concession when the decades-old partnerships with some of the world's bigest oil companies ends in a few days' time, two industry sources said on Wednesday. ADNOC currently holds a 60 perc
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