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HOUSTON, July 1 (Reuters) - BP Plc said on Monday it completed the commissioning and startup of a new 250,000 barrel per day (bpd) crude distillation unit at its 413,000 bpd Whiting, Indiana, refinery. The CDU is the centerpiece of a $4-billion upgrade of the refinery to increase its intake
Read moreBy Alberto Sisto ROME, July 1 (Reuters) - The Trans-Adriatic Pipeline (TAP) was chosen to carry Azeri gas from the Shah Deniz gas field because it beat its rival Nabucco West on seven out of eight evaluation criteria, a junior minister at Italy's Industry ministry told Reuters. "It wa
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The Bank of England is heading for a showdown with Barclays this week over threats from the high street giant to rein in its lending. Antony Jenkins, Chief Executive of Barclays, warned on Friday that if the Bank presses ahead with a new capital rule it could be forced to "restrict" loans to househo
Read more* Nabucco could get future Azeri gas supply - SOCAR * Shah Deniz formally selects TAP pipeline to Italy * Spot pricing could be advantage over Russian gas By Lada Evgrashina BAKU, June 28 (Reuters) - Central Europe could get future supplies of Azeri natural gas, energy com
Read more* Fluxys says aim is to finish negotiations as soon as possible * BP, SOCAR, Total also have options to take stakes BRUSSELS, June 28 (Reuters) - Belgian gas pipeline operator Fluxys is likely to buy a stake in the Trans-Adriatic Pipeline (TAP) consortium by August, TAP Managing Direc
Read moreLONDON, June 28 (Reuters) - The Kuwait Investment Authority has more than doubled its investment in Britain over the past 10 years to more than $24 billion, Bader Mohammed al-Saad, managing director of the KIA said on Friday. Kuwait's sovereign wealth fund, which manages state assets in the
Read moreJune 28 (Reuters) - (The following statement was released by the rating agency) A decision on Friday to route Caspian natural gas to Europe via the Trans Adriatic Pipeline through Greece and Italy means the new supplies will probably not add to downward pressure on European gas prices, F
Read moreATHENS, June 28 (Reuters) - Greek natural gas company DEPA has submitted an initial bid to buy 1 billion cubic metres (bcm) of gas from Azerbaijan through the Trans Adriatic Pipeline (TAP), the Greek Deputy Energy Minister Asimakis Papageorgiou said on Friday. "DEPA has made an initial offe
Read moreBRUSSELS, June 28 (Reuters) - Belgian gas pipeline operator Fluxys is likely to buy a stake in the Trans-Adriatic Pipeline (TAP) consortium by August, TAP Managing Director Kjetil Tungland said on Friday. "BP, SOCAR, and Total have options to join as shareholders of TAP, and Fluxys will mos
Read moreBAKU, June 28 (Reuters) - Azeri state energy company SOCAR said on Friday it plans to join the Trans Adriatic Pipeline (TAP) project for natural gas deliveries to Europe, together with BP and Total, by the end of this year. "SOCAR, BP and Total will join TAP in the framework of 50-percent s
Read moreLONDON, June 28 (Reuters) - Azerbaijan's state-owned energy company SOCAR said on Friday that it sees a gas pipeline route to Austria as a "natural market" for gas from a number of Azeri fields. It said that its gas exports will increase dramatically after the development of fields such as
Read moreBRUSSELS, June 28 (Reuters) - EU Energy Commissioner Guenther Oettinger welcomed the selection of the Trans Adriatic Pipeline (TAP) to ship Azeri gas to the European Union on Friday, saying it would provide increased security of supply. "We now have a new partner for gas, and I am confident
Read moreBAKU, June 28 (Reuters) - The consortium developing Azerbaijan's Shah Deniz gas field has chosen the Trans Adriatic Pipeline (TAP) for natural gas deliveries to Europe, officials (OR someone more specific) said on Friday, defeating the rival Nabucco West project. "XXXXXXXXXXXXXXXXXX", said<
Read more* India to double price of natural gas from April 2014 * Shares in Indian energy companies rally * ONGC, Oil India say decision to bolster profits By Prashant Mehra MUMBAI, June 28 (Reuters) - Shares of Indian oil and gas companies rallied on Friday after the government ap
Read more(Adds Sinopec Qingdao, re-arranges table) BEIJING, June 28 (Reuters) - Top Asian refiner Sinopec Corp has proposed a $3.1 billion ethylene plant in east China that would be its first plant to use natural gas and liquefied petroleum gas (LPG) as a petrochemical feedstock. Sinopec may be
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