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OSLO, May 2 (Reuters) - Production on the second of three processing trains at the In Amenas gas plant in Algeria resumed a short time ago but it is unclear when the third one will resume operations, Statoil chief executive Helge Lund said on Thursday. The plant at In Amenas was attacked by
Read moreBrazil's state-controlled oil company Petrobras SA sold its 20 percent stake in six offshore exploratory blocks in the Gulf of Mexico for $110 million, the company said in a market filing on Tuesday. The blocks were KC 49, 50, 92, 93, 94, and 138, all of which have BP as operator. The comp
Read more* Rebound in European demand, increased US production to widen spread * Weak European demand in Q1 contributed to lower diesel exports * Marathon expects to run cheap US crude at Galveston Bay refinery By Kristen Hays HOUSTON, April 30 (Reuters) - Marathon Petroleum Corp
Read more* Russian energy stocks trading at 40-50 pct discount * Third-largest oil firm fails to disclose ownership * Gazprom, Rosneft criticised for over-investing * No signal to stranded TNK-BP minority shareholders By Douglas Busvine and Vladimir Soldatkin MOSCOW, April 30
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A disappointing reading of business activity in the States sparked a late sell-off on UK financial markets on Tuesday afternoon as traders turned nervous ahead some key risk events later this week. The Chicago purchasing managers' index (PMI), one of the leading economic indicators in the US, dropp
Read moreLONDON, April 30 (Reuters) - Oil and gas trading contributed about $500 million more to BP's underlying earnings in the first quarter than in a typical quarter, finance director Brian Gilvary said on Tuesday. "It was about a half a billion higher than in the average quarter and split evenly
Read more(In paragraph 4, Iraq Ports Authority clarifies BP will pay (not be paid) around $7 for each cubic metre of refined products exported or imported) * BP to build terminal in Iraqi waterway * Terminal for refined oil products imports, exports in future By Aref Mohammed BASRA
Read moreApril 30 (Reuters) - Marathon Petroleum Corp on Tuesday reported a 22 percent increase in quarterly earnings, helped by higher sales from its Galveston Bay plant. Marathon, the third-largest stand-alone U.S. refining company, said its first-quarter profit was $725 million, or $2.17 per shar
Read moreCorporate earnings in London were taken well by the market on Tuesday morning with Lloyds, BP and Imperial Tobacco all on the rise, but the FTSE 100 was broadly flat by lunchtime as traders turned cautious ahead of central-bank decisions later this week. London's benchmark index has now risen by ar
Read moreLloyds' first-quarter results were modestly ahead of consensus estimates, but Nomura has maintained its 'reduce' rating for the bank, saying that the strong share-price reaction on Tuesday morning was overdone. Nomura thinks that Lloyds' cost guidance - to reduce total costs to £9.6bn this year, be
Read moreBy Andrew Callus LONDON, April 30 (Reuters) - BP Plc has been hit by over 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government bodies rushed to stake their claim before their right to do so expired. The
Read moreInvestec has kept its 'hold' rating for BP but has hailed a 'very strong' first-quarter result from the oil giant on Tuesday morning. Clean net income came in at $4.22bn for the first three months of the year, a "substantial" 29% above company-compiled consensus, the broker said. Lower seasonal cos
Read moreStrong gains for BP, Whitbread and financials stocks ensured that the FTSE 100 was firmly in positive territory on Tuesday morning as traders showed optimism ahead of central-bank meetings later this week. Sentiment across Europe was lifted early on after Swiss banking giant UBS smashed profit expe
Read more* Q1 underlying replacement cost net profit $4.22 bln * Beats analysts' forecast of around $3.27 bln * Helped by two new oilfields, trading division * Shares climb 2.3 percent By Andrew Callus LONDON, April 30 (Reuters) - BP Plc profits beat analyst expectations by a
Read moreCity sources predict the FTSE 100 will open up 21 points from yesterday's close of 6,458, after US equities advanced strongly on Monday, with the S&P 500 index reaching its highest level since April 11th. Markets reacted positively to new data from the National Association of Realtors (NAR) on US
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