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LONDON, July 19 (Reuters) - Former BP chief executive John Browne is to preside over the biggest set of oil and gas assets in the shallower, mature section of the Gulf of Mexico after buying them from U.S.-based Apache Corp. Private equity firm Riverstone Holdings LLC, where Browne is a par
Read moreBy Nia Williams CALGARY, Alberta, July 18 (Reuters) - U.S. regulators have approved a plan by Canada's largest pipeline company Enbridge Inc to alter how it calculates the amount of crude shippers can nominate on its export network, a move the company says will cut overbooking on congested
Read moreBy Anna Driver and Greg Roumeliotis July 18 (Reuters) - Apache Corp said on Thursday it had agreed to sell its Gulf of Mexico shelf assets for $3.75 billion to private equity firm Riverstone Holdings LLC as the oil and gas company focuses on growth from its U.S. onshore assets. Shares
Read more* Crude futures end higher as U.S. inventories drop * Brent-U.S. crude spread narrows * Shell to shut production platform, supports sour grades NEW YORK, July 17 (Reuters) - Cash crude differentials in the United States strengthened on Wednesday as news that Shell would temporarily s
Read moreNEW YORK, July 17 (Reuters) - Destin Pipeline Co LLC said on Wednesday it would not move forward with expansion plans on its onshore natural gas pipeline system in the U.S. South after failing to garner sufficient interest in the project. The company said in a company website posting that i
Read more* Differentials not expected to go much higher * Third August Forties cargo deferred * Weaker refining margins unlikely to trigger run cuts LONDON, July 17 (Reuters) - North Sea Forties crude differentials were unchanged on Wednesday as there were no bids or offers in the price asses
Read moreJuly 17 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has maintained OJSC OC Rosneft's (Rosneft) and TNK-BP International Ltd's (TNK-BP) Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'BBB' on Rating Watch Negative (RWN). A f
Read more(Updates Wuhan) BEIJING, July 17 (Reuters) - Top Asian refiner Sinopec Corp will start operation of an 800,000 tonnes per year (tpy) joint venture ethylene complex with South Korea's SK Group by the end of July, an industry source said on Wednesday. China, keen to cut its import depend
Read moreNEW DELHI, July 17 (Reuters) - Natural gas output from Reliance Industries Ltd's D6 block offshore India has fallen to about 14 million cubic metres per day (mmscmd), Oil Secretary Vivek Rae said on Wednesday. Output from the D6 block, jointly operated by Reliance and BP Plc, was expected t
Read moreBy Jessica Dye NEW YORK, July 16 (Reuters) - BP Plc asked a U.S. judge on Tuesday to temporarily halt payments from a court-supervised settlement fund for certain claims for damages related to the 2010 Gulf of Mexico oil spill while former FBI director Louis Freeh investigates possible misc
Read moreBy Yereth Rosen ANCHORAGE, Alaska, July 16 (Reuters) - ConocoPhillips , Alaska's top-volume oil producer, will pay about $264 million to BP Plc to help cover the cost of transporting crude through the Trans Alaska Pipeline (TAPS), under a settlement approved on Tuesday by federal officials.
Read more* Crude futures end mixed as August Brent contract expires * Brent-U.S. crude spread seesaws, ends wider NEW YORK, July 16 (Reuters) - Most cash crude differentials in the United States strengthened on Tuesday as the transatlantic spread seesawed and then ended wider, traders and brokers
Read moreLONDON, July 16 (Reuters) - China National Offshore Oil Corp (CNOOC) signed its 200th production-sharing contract with a foreign partner on Tuesday, teaming up with BP to drill in the South China Sea. The landmark demonstrates China's drive to develop its own oil and gas resources at the sa
Read more* Anadarko accused of misleading investors over Gulf spill * Many accusations don't support fraud claims - judge * Judge had let separate lawsuit go forward against BP By Jonathan Stempel July 15 (Reuters) - A federal judge ordered Anadarko Petroleum Corp, which owned part
Read more* Crude futures seesaw, end slightly higher * Brent-U.S. crude spread also choppy, ends narrower NEW YORK, July 15 (Reuters) - Cash crude differentials in the United States strengthened on Monday, reacting to a trans-Atlantic spread that widened intraday before ending narrower, traders a
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