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LONDON, July 30 (Reuters) - British oil company BP has decided to keep its U.S. wind farm business, one of the largest in the country, after four months in which it failed to attract a bid the company could accept, a spokesman said on Tuesday. "We didn't find an offer that we thought was t
Read moreLONDON, July 30 (Reuters) - International oil company BP Plc increased its giant accounting provision for the 2010 oil spill to $42.4 billion from $42.2 billion on Tuesday and said its $20 billion fund to pay spill compensation had only $300 million left in it. The news came as BP's second
Read moreNEW YORK, July 29 (Reuters) - Two trades for August barrels of the Thunder Horse crude grade were completed on Monday at $3.15 over the benchmark U.S. crude futures, also known by its benchmark crude, West Texas Intermediate, according to a source familiar with the transaction. The trades w
Read more* July output at 2.8 mln bpd vs 2012 level of 2.9 mln * Exports to drop by 500,000 bpd in Sept. due to port work * Modest production growth expected to return in 2014 By Peg Mackey LONDON, July 29 (Reuters) - Iraq's oil revival is stalling, and unless momentum is regained,
Read more* Q2 net income 35 bln roubles, above 31.3 bln in analyst poll * First fully consolidated results after TNK-BP buyout MOSCOW, July 29 (Reuters) - Russia's top oil producer Rosneft reported 35 billion roubles ($1.07 billion) in second-quarter net income, beating analyst expectations in
Read moreMOSCOW, July 29 (Reuters) - Russia's state-owned oil company Rosneft, the world's top listed crude producer, generated 35 billion roubles ($1.1 billion) in second-quarter net income after it acquired smaller rival TNK-BP, the company said on Monday. This was above analysts' expectations of
Read moreMUMBAI, July 28 (Reuters) - Indian energy major Reliance Industries Ltd and state-run exploration firm Oil and Natural Gas Corp have signed an initial agreement to consider sharing Reliance's offshore infrastructure at the KG basin, off India's east coast. Reliance and ONGC will conduct a
Read moreJuly 26 (Reuters) - Destin Pipeline Co LLC said it continued to remove liquids from the Pascagoula liquid handling facility in Mississippi and estimates work will be completed late on Friday night or early Saturday morning, versus a previous estimate of Wednesday. The 225-mile Destin gas pi
Read more* Efforts to settle case seen as part of capital strategy * Halliburton shares rise 3.7 pct on share buybacks * Prospect of global settlement of liability deemed remote (Adds expert comment, Halliburton legal costs total) By Braden Reddall and Mica Rosenberg July 26 (Reu
Read more* Efforts to settle case seen as part of capital strategy * Halliburton shares rise 3.7 pct on share buybacks * Prospect of global settlement of liability deemed remote By Braden Reddall and Mica Rosenberg July 26 (Reuters) - BP Plc appeared to gain an edge in the battle o
Read moreBy Mica Rosenberg NEW YORK, July 26 (Reuters) - A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive. The U.S. Second Circuit Court of Appeal
Read morePARIS, July 26 (Reuters) - French oil major Total will update its oil and gas output growth target of 2-3 percent in 2013 at an investor day in September if needed, Chief Financial Officer Patrick de La Chevardiere said on Friday. "We will wait until the September presentation (in London)
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Halliburton, the US contractor that worked for BP on the Deepwater Horizon oil rig, has confessed to destroying evidence relating to the explosion in 2010. The US Department of Justice announced late Thursday that the company, which supplied cement for the Macondo oil well, would pay the maximum fi
Read more* Q2 adjusted net profit 2.7 bln euros vs consensus 2.62 bln euros * First year-on-year rise in output since 2010 * CEO says further changes in downstream business necessary * Q2 dividend 0.59 euros a share * Shares flat By Michel Rose PARIS, July 26 (Reuters)
Read moreBy Yereth Rosen ANCHORAGE, Alaska, July 25 (Reuters) - A proposal to truck liquefied natural gas from Alaska's North Slope 400 miles south (640 km) to Fairbanks is economically and technically feasible and an improvement for the environment, according to a report issued on Thursday by a sta
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