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DUBAI, June 20 (Reuters) - BP has agreed a price for any gas produced from Oman's Khazzan project as part of a commercial framework agreement with the government, the energy company said on Thursday. BP has been negotiating for months over the price it will get for selling any gas produced
Read moreLow inflation is here to stay, which should benefit equities in general, with growth-sensitive companies with poor pricing power likely winning the most, reckons Macquarie. "The fact that low inflation expectations are more deeply entrenched, and inflation itself therefore more stable, is a
Read more* Albania bidding to fulfil century-old oil hopes * Sector dominated by small players * Shell-partnered drilling well could hit big * Concerns over transparency, corruption By Matt Robinson and Benet Koleka BERAT, Albania, June 20 (Reuters) - In 35 years drilling for
Read more* U.S. accuses David Rainey, Kurt Mix of obstruction * 2010 offshore spill largest in U.S. history By Jonathan Stempel June 19 (Reuters) - Federal prosecutors unveiled new criminal indictments on Wednesday against a former BP Plc executive and a former BP engineer charged with obstr
Read moreMEXICO CITY, June 18 (Reuters) - Spanish oil company Repsol and China's Sinopec are among the 16 energy firms and consortia that have qualified for next month's auction of six blocks in Mexico's Chicontepec basin, state-run oil monopoly Pemex said on Tuesday. The Chicontepec basin, discove
Read more* BP controlling wells at Valhall offshore field from land * Other oil companies considering following suit * Norway is testing ground for new method By Gwladys Fouche and Nerijus Adomaitis OSLO, June 18 (Reuters) - Oil and gas companies are moving their control of some of
Read more* U.S. crude oil futures hit nine-month high * Market eyes June 18-19 Fed meeting, seeks stimulus clarity By Anna Louie Sussman NEW YORK, June 17 (Reuters) - Brent crude oil futures touched a 10-week high close to $107 a barrel on Monday as tensions in the Middle East rose, but
Read more* L1 Energy to invest $10 bln equity, borrow rest * German Khan to be CEO, recruiting managers * Looking at 5-6 deals over 3-5 years * First transaction likely in 2014 * Ex-CEOs Browne, Gould, Hackett join advisory board By Douglas Busvine MOSCOW, June 17 (Reut
Read moreLONDON, June 16 (Reuters) - Former BP executive John Manzoni has been lined up to chair Bumi, the coal miner co-founded by financier Nat Rothschild, once it has severed ties with Indonesia's Bakrie family, according to a source familiar with the matter. Manzoni will head a board tasked with
Read moreBy Henrik Stolen FORNEBU, Norway, June 14 (Reuters) - World demand for oil will peak around 2030 and will not exceed 100 million barrels per day by 2040, Norway's Statoil said in its annual market outlook on Friday. "Fossil fuels are here to stay, but gas is growing the most. For oil
Read more* Shares in India's Reliance Industries Ltd gain 1.7 percent after its KG-D6 block partner Niko Resources Ltd said its proved reserves increased by 160 percent, and that a recent gas discovery in the D6 block off India's east coast could add significantly to future reserves. * Reliance Industr
Read moreNEW YORK, June 12 (Reuters) - The U.S. cash crude grade
Thunder Horse
* Big forecasters cut oil demand growth estimates * Crude oil gains on weaker U.S. dollar * U.S. crude inventories jump 2.52 million barrels - EIA * Coming up: EIA natural gas data on Thursday By Jeanine Prezioso NEW YORK, June 12 (Reuters) - Crude oil prices ended m
Read more* CDU to be heated to operating temperatures -sources * CDU to run sweet crude not Canadian crude during start-up (Adds details about start-up process and background,) By Erwin Seba HOUSTON, June 12 (Reuters) - BP Plc is preparing to begin production at the upgraded crude dist
Read moreHOUSTON, June 12 (Reuters) - BP Plc is preparing to begin production on an upgraded crude distillation unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery within seven to 10 days, sources familiar with refinery operations said on Wednesday. The CDU, which has been shut since
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