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NEW YORK, April 26 (Reuters) - New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city's pension funds sustained due to BP's "misconduct and fraudulent behavior" linked to the 2010 Deepwater Horizon oil spill. "BP failed to disclos
Read moreNEW YORK, April 26 (Reuters) - New York City said on Friday that it sued BP Plc for over $39 million of losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct and fraudulent behavior" linked to the 2010 Deepwater Horizon oil spill. "BP failed to disclose
Read moreBy Sarah N. Lynch WASHINGTON, April 26 (Reuters) - A U.S. appeals court on Friday declined to rule on a legal challenge filed by business groups against a Securities and Exchange Commission rule that would force energy and mining companies to disclose payments to foreign governments.
Read moreBUENOS AIRES, April 25 (Reuters) - Energy workers went on strike on Thursday at three oil fields in Argentina's Santa Cruz province, which produces about 20 percent of the country's crude oil, a trade union official said. The protest over internal union politics was launched by the Santa Cr
Read moreNEW YORK, April 25 (Reuters) - Dominion Resources will add more natural gas processing capacity to allow more gas to flow into the populous U.S. Northeast and Midwest from the oil and gas rich Utica Shale in Ohio, the company's chief executive said on Thursday. The company, as part of its $
Read more* Norpipe maintenance planned for June 3-June 24 * Gas work to force oil production shutdown * Fields in greater Ekofisk area to be affected OSLO, April 25 (Reuters) - Oil production from the Great Ekofisk area in the North Sea could be reduced by up to 5 million barrels of oil
Read moreOSLO, April 25 (REUTERS) - Oil production from the Great Ekofisk area in the North Sea could be reduced by up to 5 million barrels in June due to a shutdown of the Norpipe gas pipeline, industry sources said on Thursday. "Ekofisk has to shut down all production, including oil, if they canno
Read more* Total: to be largest oil and gas producer in Britain in 2015 * Britain's Laggan-Tormore, Norway's Martin Linge fields to be new hubs * Group confirms 2017 output target, sees growth accelerating By Michel Rose LEIV EIRIKSSON OIL RIG, Norwegian Barents Sea, April 25 (Reut
Read more* Total: to be largest oil and gas producer in Britain in 2015 * Britain's Laggan-Tormore, Norway's Martin Linge fields to be new hubs * Group confirms 2017 output target, sees growth accelerating By Michel Rose LEIV EIRIKSSON OIL RIG, Norwegian Barents Sea, April 25 (Reut
Read moreBy Horace Helps KINGSTON, April 24 (Reuters) - The Jamaican government and Russian mining company Rusal have agreed to reopen two of the Caribbean island's alumina plants within three years, Jamaica's energy and mining minister, Phillip Paulwell, announced on Wednesday. Rusal, the wor
Read moreApril 24 (Reuters) - BP on Wednesday quashed market speculation that it may be preparing to restart the main crude unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery after a major overhaul that is not due to be finished for months. "As we stated at our annual general meetin
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Canaccord Genuity has kept its 'hold' rating and 280p target price for Barclays, saying that the bank's first-quarter results look 'slightly soft on a first read'. "We don't believe investors can read much into a single quarter of number for any bank, particularly one where a new management team is
Read moreCAIRO, April 24 (Reuters) - Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its oil minister said in remarks published Wednesday. In remarks to Al-Borsa newspaper, Osama Kamel said the new system would not be applied re
Read moreBank of America Merrill Lynch (BofA) has maintained its 'buy' rating and 540p target price for BP, saying that the stock remains a top pick amongst European oil majors after a capital markets day from Rosneft delivered a 'confident message'. Rosneft, in which BP holds a 19.75% stake, "gave a confid
Read moreNEW ORLEANS, April 23 (Reuters) - A federal appeals court has agreed to speed up the process of determining whether BP Plc's settlement with class-action plaintiffs over the 2010 Gulf of Mexico oil spill is being handled properly. BP had asked for the case to be heard as early as late May, an
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