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LOS ANGELES, April 3 (Reuters) - BrightSource Energy Inc on Wednesday shelved a major solar power project in California for the second time this year. In a document filed with the California Energy Commission, BrightSource said it "has determined there is a need to suspend" its application
Read more* Parliament to approve plans, ruling party has majority * Bids are for onshore exploration in Kwanza, Congo basin LISBON, April 3 (Reuters) - Angola's government on Wednesday approved the guidelines of a plan to hold bidding for licences to explore for oil onshore in the Kwanza and L
Read more* Iraq oil output at 3.150 mln bpd in March * Oil min expects higher exports next month * KRG halting exports caused $2.4 bln loss to budget By Ahmed Rasheed BAGHDAD, April 3 (Reuters) - Iraq's total oil production in March was 3.150 million barrels per day and crude expor
Read moreLONDON, April 3 (Reuters) - BP has put its U.S. wind farm operation, one of the largest in the country, up for sale, marking the continued retreat of big oil companies from renewable energy investments while oil and gas projects offer them better returns. The British oil company has already
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Oil major BP has put its US wind-power unit up for sale as it continues to pull back from renewable energy and turn to its core oil and gas business, according to the Financial Times. The paper says that its wind-power operations in the States could be worth 1.5bn pounds. Ahead of the planned flota
Read more* CNPC, Petronas working with advisors to place bids * Marathon plans to exit entire 10 pct stake in two fields * Asia share of global oil and gas deals more than doubles in past decade * Global oil and gas M&A hit a record in 2012 By Denny Thomas and Saeed Azhar HON
Read moreHONG KONG/SINGAPORE, April 3 (Reuters) - China National Petroleum Corp and Malaysia's Petronas are considering bids for Marathon Oil Corp's Angolan offshore oil and gas fields, people familiar with the matter told Reuters. Houston-based Marathon first laid out plans in late 2011 to divest u
Read more* Patrick Juneau says acted properly, has immunity * BP has called authorized payouts "absurd" By Jonathan Stempel April 1 (Reuters) - The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federa
Read more* Patrick Juneau says acted properly, has immunity * BP has called authorized payouts "absurd" By Jonathan Stempel April 1 (Reuters) - The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federa
Read moreBy Emma Farge GENEVA, March 28 (Reuters) - Commodity trading houses are expanding aggressively in Africa as they look to add volume and take on assets that promise to benefit from a continent achieving some of the highest economic growth in the world. Merchant traders have historicall
Read moreBy Emma Farge GENEVA, March 28 (Reuters) - Commodity trading houses are expanding aggressively in Africa as they look to add volume and take on assets that promise to benefit from a continent achieving some of the highest economic growth in the world. Merchant traders have historicall
Read moreBy Douwe Miedema WASHINGTON, March 27 (Reuters) - Oil companies are largely escaping the close scrutiny of derivatives trading they once warned would harm their business and are seeking further delays from U.S. regulators. Beginning in January this year, the top U.S. derivatives regul
Read moreBy Sarah Young LONDON, March 28 (Reuters) - British oil group BP is pressing ahead with a $500 million-plus investment in the Shetland Islands, a shot in the arm for the government's efforts to revive the North Sea oil industry to help kickstart a flagging economy. Though North Sea ou
Read moreThe Telegraph says that four of the UK's largest train operators - Arriva, FirstGroup, National Express and Stagecoach - have dropped lawsuit worth 40m pounds against the government to recover costs during the franchises process for Great Western that was scrapped earlier this year. The Clair proje
Read moreBy Sarah Young LONDON, March 28 (Reuters) - British Oil major BP is to proceed with a $500 million-plus investment plan in the remote Shetland Islands, another shot in the arm for North Sea oil. Though North Sea production has fallen by about two thirds since 2000 and a surprise tax i
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