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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
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By 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
Read moreBy Michel Rose and Muriel Boselli PARIS, May 29 (Reuters) - Total SA's Christophe de Margerie, who faces a possible trial over alleged bribes in Iran, has been dogged by legal investigations and market scepticism during his six years at the top of Europe's third-largest oil group. The
Read moreHOUSTON, May 29 (Reuters) - June-delivery CARBOB gasoline dipped 0.75 cents a gallon to 3 cents a gallon over July NYMEX RBOB gasoline as Exxon Mobil Corp continued to restart units at its 149,500 barrel per day (bpd) Los Angeles-area refinery in Torrance, California, following a four-week overha
Read more* New-look Shell pumps cash, bets big on technology, gas * Outgoing CEO Voser says "no" to reining in capex * "Don't slow down. It will cost you more afterwards", says Voser * Struggling with Nigeria, production downtime, Alaska record * Shell now a technology, big project
Read moreBy Michel Rose and Muriel Boselli PARIS, May 29 (Reuters) - Total SA's Christophe de Margerie, who faces a possible trial over alleged bribes in Iran, has been dogged by legal investigations and market scepticism during his six years at the top of Europe's third-largest oil group. The
Read more* Startup of revamped CDU had been planned for late May * Problems with equipment on the CDU led to delay -sources (Adds BP comment in paragraph 3.) By Erwin Seba HOUSTON, May 29 (Reuters) - BP Plc expects to start an upgraded crude distillation unit at its 405,000 barrel per
Read more* Startup of revamped CDU had been planned for late May * Problems with equipment on the CDU led to delay -sources (Adds details on time frame, background on Whiting upgrade, industry details) By Erwin Seba HOUSTON, May 29 (Reuters) - BP Plc expects to start an upgraded crude
Read moreHOUSTON, May 29 (Reuters) - BP Plc expects to start an upgraded crude distillation unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery in late June, sources familiar with refinery operations said on Wednesday. The refinery had planned to bring the unit up in late May, but pr
Read moreTRIPOLI, May 29 (Reuters) - Libya confirmed on Wednesday that the headquarters of the state energy firm would move to the volatile eastern city of Benghazi, a response to demands for more authority for the oil-rich region which may prove a headache for international companies. The National
Read moreMADRID, May 29 (Reuters) - Spain's anti-trust watchdog is investigating whether oil firms including Repsol, BP and Cepsa colluded to raise fuel prices, adding to high-profile investigations into oil pricing across Europe. Competition regulator CNC said on Wednesday it had been keeping watc
Read moreMUMBAI, May 29 (Reuters) - Ratings agency Standard & Poor's on Wednesday raised the long term corporate credit rating on India's Reliance Industries to "BBB-plus" from "BBB", with a "negative" outlook, it said in a statement. "Reliance's articulation of its growth strategy removes the uncer
Read moreMADRID, May 29 (Reuters) - Spain's anti-trust watchdog CNC said on Wednesday it is probing oil companies for possibly colluding to hike fuel prices at the pump. The investigation follows Spanish energy regulator CNE's accusation earlier this month that oil majors Repsol, BP and Cepsa hiked
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