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By Alex Lawler VIENNA, Dec 4 (Reuters) - Iran on Wednesday named seven western oil companies it would like to see invest in Iran's vast oil and gas sector once international sanctions are lifted Iranian Oil Minister Bijan Zanganeh named in order: Total of France, Anglo-Dutch Shell, It
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Brussels will unveil hefty fines as soon as Wednesday on global banks that allegedly formed cartels to rig two global interest rate benchmarks, in a settlement that is set to break European antitrust enforcement records. The latest crackdown on benchmark manipulation is expected to target up to 10 f
Read moreBy Ernest Scheyder Dec 3 (Reuters) - Oil and natural gas producer W&T Offshore Inc's ban from bidding on federal government contracts in the Gulf of Mexico could last up to three years, the U.S. Environmental Protection Agency said on Tuesday. The EPA issued a temporary ban against th
Read moreHOUSTON, Dec 3 (Reuters) - The U.S. Environmental Protection Agency may have been too harsh when it banned BP Plc from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups said on Tuesday. The UK government, the American Petroleum In
Read moreHOUSTON, Dec 3 (Reuters) - The U.S. Environmental Protection Agency may have been too harsh when it banned BP Plc from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the United Kingdom and prominent business groups said on Tuesday. The U.K. government, the America
Read moreOSLO, Dec 3 (Reuters) - Energy companies operating in the Norwegian sector of the North Sea are moving some staff ashore because of an approaching winter storm but production is so far unaffected, they said on Tuesday. ConocoPhillips has moved 157 people off its huge Ekofisk field in the No
Read moreBy Peg Mackey and Alex Lawler VIENNA, Dec 3 (Reuters) - Iraq is planning to lift oil output by more than a million barrels a day to over 4 million bpd in 2014, in what would be the country's biggest oil supply increase since the fall of Saddam Hussein a decade ago. Oil Minister Abdul
Read more* Rosneft has agreed oil deals with BP worth over $11 bln * Rosneft also to sell 400,000 tonnes of oil from Kozmino MOSCOW, Dec 3 (Reuters) - Russia's top crude producer Rosneft is to sell up to 1.8 million tonnes of ultra low-sulphur diesel to BP from the Baltic Sea port of Primorsk
Read moreMOSCOW, Dec 3 (Reuters) - Russia's top crude producer Rosneft said in a filing on Tuesday its board had approved a deal to sell up to 1.8 million tonnes of ultra low-sulphur diesel to BP from the Baltic Sea port of Primorsk for up to $1.9 billion. Rosneft did not disclose the timeframe for
Read moreBP won a big victory in its battle to limit the cost of compensation for its 2010 oil spill in the Gulf of Mexico after an appeals court called for an injunction to suspend payments to businesses that had not suffered losses as a result of the disaster. A majority on a three-judge panel of the Fifth
Read moreBP has won a significant legal victory in the US after an appeals court ordered an injuction to be placed on payments to businesses which the oil major argued had not suffered losses as a result of the disaster. -- More to follow -- AB
Read moreDec 2 (Reuters) - BP Plc won a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs. BP had agreed in 2012 to make payments to those who suffered economic losses as a
Read moreCALGARY, Alberta, Dec 2 (Reuters) - Canadian heavy crude prices weakened slightly on Monday, the first day of the December trade cycle, as some market players decided recent gains had gone too far. Western Canada Select heavy blend for January delivery last traded at $31.25 per barrel below
Read moreBP revealed last week that payments for businesses' economic losses in the US, as a result of the Deepwater Horizon disaster in the Gulf of Mexico, were about to restart. In a court filing made just before Thanksgiving, the firm said it had been told to expect payments to restart. The payments had
Read more(Corrects Basra exports to 2.072 mln from 2.381 mln in paragraph 3 in Dec 1 story) BAGHDAD, Dec 1 (Reuters) - Iraq exported an average of 2.381 million barrels of oil per day in November, up from 2.253 million a month earlier, oil ministry spokesman Asim Jihad said on Sunday. The aver
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