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(Fixes headline) HOUSTON, Oct 8 (Reuters) - Oil and gas production in the U.S. Gulf of Mexico was nearly back to normal on Tuesday, the government said, after the threat of a storm prompted shut-ins late last week. The U.S. Bureau of Safety and Environmental Enforcement said 6.5 perce
Read more* Second time Icahn has taken a position in Talisman * Doubts on whether activist investor can speed change * Share fall 1 percent in afternoon trading (Updates shares and adds background.) By Euan Rocha and Scott Haggett TORONTO/CALGARY, Oct 8 (Reuters) - Talisman Energ
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Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read more(Corrects para 23 to show Apache sold 33 pct stake in Egypt business, not entire stake) * Some U.S. companies pull out of Libya, Algeria and Egypt as risks mount * U.S. shale boom, discoveries elsewhere present new alternatives By Lin Noueihed LONDON, Oct 4 (Reuters) - Two
Read moreCAPE TOWN, Oct 8 (Reuters) - Spanish oil major Repsol will drill its first offshore well in Namibia as early as February next year, a senior official at Namibian national petroleum company NAMCOR said on Tuesday. Repsol is the operator of the Welwitschia-1 well in the Walvis Basin, offshor
Read moreBy Kathy Finn NEW ORLEANS, Oct 7 (Reuters) - Lawyers for BP Plc and the federal government sparred on Monday over the methods competing teams of scientists used to estimate the size of the company's 2010 oil spill in the U.S. Gulf of Mexico. U.S. District Judge Carl Barbier will use e
Read moreNEW YORK, Oct 7 (Reuters) - Destin Pipeline Co LLC on Monday said it terminated the force majeure on its offshore Gulf of Mexico natural gas receipt points after completing assessment and recovery operations in the wake of Tropical Storm Karen. The 225-mile Destin gas pipeline system is maj
Read moreHOUSTON, Oct 6 (Reuters) - About half of oil and gas production in the U.S. Gulf of Mexico was shut on Sunday, the government said, but some work was returning to normal and the number of platforms offline was declining. The U.S. Bureau of Safety and Environmental Enforcement said 61.1 perc
Read moreHOUSTON, Oct 6 (Reuters) - Destin Pipeline said on Sunday it could cancel the force majeure declaration issued ahead of Tropical Storm Karen by midday Monday if inspections of the pipeline reveal no evidence of damage from the cyclone that dissipated overnight. The pipeline will resume deli
Read moreHOUSTON, Oct 5 (Reuters) - Energy firms have shut 61.9 percent of oil production and 48.2 percent of natural gas output in the U.S. Gulf of Mexico because of Tropical Storm Karen, the government said on Saturday. The amount of idled oil work rose 12.4 percent from Friday, while stoppages of
Read more(Adds BP no comment, background.) HOUSTON, Oct 4 (Reuters) - Workers at BP Plc's 405,000 barrel per day (bpd) Whiting, Indiana, refinery were repairing on Friday the 110,000 bpd Pipestill 11C crude distillation unit after a sudden breakdown, according to sources familiar with operations at
Read moreNEW YORK, Oct 4 (Reuters) - U.S. cash crude grades in the Gulf Coast market fell slightly in thin trading on Friday, reversing some gains recorded on Thursday ahead of Tropical Storm Karen's arrival, traders said. The storm weakened in the Gulf of Mexico and forecasters said the hurricane
Read moreHOUSTON, Oct 4 (Reuters) - Workers at BP Plc's 405,000 barrel per day (bpd) Whiting, Indiana, refinery were repairing on Friday the 110,000 bpd Pipestill 11C crude distillation unit after a sudden breakdown, according to sources familiar with operations at the refinery. The work to repair
Read moreMOSCOW, Oct 4 (Reuters) - Rosneft's buyout of minority shareholders in TNK-BP Holding is in line with the law and good corporate governance practice, a board member of the energy giant said On Friday, rejecting complaints that the price is not high enough. Rosneft said on Monday it planned
Read more* Three producers report output shutdowns, others evacuating some workers * Storm heads for heaviest energy infrastructure region in Gulf of Mexico * Storm expected to reach shore over weekend By Kristen Hays HOUSTON, Oct 3 (Reuters) - Energy companies in the Gulf of Mexic
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