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MUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd expects production of shale gas to be a third of aggregate production this year, Chairman Mukesh Ambani told shareholders on Thursday. Ambani also said the company would forge long-term partnerships to source crude.
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd will increase staff in its telecommunications business unit to 10,000 next year from 3,000 currently, Chairman Mukesh Ambani told shareholders on Thursday. The unit, Reliance Jio Infocomm, is the only company to have nationwide per
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd plans to invest 1.5 trillion rupees ($26.4 billion) in its businesses over three years, Chairman Mukesh Ambani told shareholders on Thursday. Reliance, India's fourth biggest company by market value, has been under pressure from in
Read moreBy Verna Gates BIRMINGHAM, Ala., June 5 (Reuters) - Alabama Attorney General Luther Strange said the $500 million paid by BP Plc in compensation in the state for the 2010 Gulf of Mexico oil spill was just the "tip of the iceberg" and called for more claims, believing Alabama had not receiv
Read more* July WCS last at $16/bbl under WTI * July synthetic last at $1.50/bbl above WTI CALGARY, Alberta, June 5 (Reuters) - Canadian cash crude prices strengthened on Wednesday on reports that refinery demand may rise as maintenance shutdowns are completed. Western Canada Select heav
Read moreOSLO, June 4 (Reuters) - Angola's long-delayed liquefied natural gas (LNG) plant has finally started production and the first cargo is due to be exported later this month, a senior Total executive said. "We have LNG flowing into the tanks at our Angola LNG plant, and we expect the first car
Read moreNEW YORK, June 4 (Reuters) - Destin Pipeline Co LLC on Tuesday said it had received notice from the operator of the Pascagoula natural gas processing plant in Mississippi that planned maintenance had been completed. Destin said in a website posting that it would conduct operational readines
Read moreNEW YORK, June 4 (Reuters) - Destin Pipeline Co LLC on Tuesday said it had received notice from the operator of the Pascagoula natural gas processing plant in Mississippi that planned maintenance had been completed. Destin said in a website posting that it would conduct operational readines
Read more* July WCS last at $18.70/bbl under WTI * July synthetic last at $0.20/bbl under WTI CALGARY, Alberta, June 3 (Reuters) - Canadian heavy oil prices strengthened on Monday on prospects of higher demand as refineries wrap up maintenance work. Western Canada Select heavy blend for
Read more* Facility could unload up to 60,000 bpd of N.American crude * Rail would help company replace more expensive imports (Adds detail about crude by rail in California; adds comment from company and agency; adds byline) By Kristen Hays HOUSTON, June 3 (Reuters) - Valero Energy Co
Read moreRIYADH, June 1 (Reuters) - Abu Dhabi National Energy Co (TAQA) on Saturday took over operation of the 20,000-barrels-per-day Harding field and output platform as part of an acquisition of BP assets in the North Sea agreed in 2011. The $1.3 billion deal involved TAQA buying BP's Central Nort
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The Executive Vice President of BP's exploration division, offloaded over half a million quids-worth of shares in the oil major, the company announced on Friday. Mike Daly, who joined BP Exploration back in 1986 as a technical specialist in structural geology, disposed of 110,000 ordinary shares in
Read moreBy Sophie Sassard and Melissa Akin LONDON/MOSCOW, May 31 (Reuters) - Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in asset sales expected to follow the deal, sources familiar wi
Read more* Al Qaeda attack on major oil facility stopped * Violence surging as insurgents step up bombings By Ahmed Rasheed BAGHDAD, May 30 (Reuters) - Iraq foiled an al Qaeda plot to use tanker trucks packed with explosives to attack a key Baghdad oil facility, a senior security officia
Read moreVIENNA, May 30 (Reuters) - Baghdad and a group led by Italy's Eni have agreed to cut the planned output target at Iraq's Zubair oilfield to allow this southern giant to pump more for a longer period. Iraqi Oil Minister Abdul Kareem Luaibi said on Thursday Baghdad is lowering plateau pro
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