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PARIS, March 11 (Reuters) - Total restarted production on Saturday at its huge Elgin gas field in the North Sea, almost a year after a major gas leak which cost the company millions of euros in lost output and even impacted UK economic growth. Total will not release the full details of what
Read more* Total restarted output at Elgin field on March 9 * Elgin to reach pre-leak output capacity in 2015 * Total to "kill" at least 10 wells at Elgin on safety norms * Total needs HSE green light to give full accident reasons * Leak had shaved off 0.2 pct points of UK's 2012 G
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BP announced that at the 'core' level - excluding production from its TNK-BP joint venture - it only replaced 6 per cent of the reserves which it tapped last year. That is an unusually low figure for an oil major and reflects the slow pace of its recovery. Nevertheless, some analysts point out that
Read more* EU Commission says no competition concerns * Says no conditions required * $55 bln deal is one of the biggest in the sector By Foo Yun Chee BRUSSELS, March 8 (Reuters) - Russian oil producer Rosneft moved closer to finalising its $55 billion takeover of TNK-BP <TNBP.
Read moreBRUSSELS, March 8 (Reuters) - EU antitrust regulators unconditionally cleared on Friday Russian oil producer Rosneft's bid to acquire control of TNK-BP, saying they did not have any competition concerns. State-owned Rosneft is buying TNK-BP from private Russian group AAR and British oil co
Read more* Urges Platts to reconsider its position on certain points * Platts consulting until March 10 on changes to Brent * Industry seen adopting common standard By Alex Lawler LONDON, March 8 (Reuters) - BP Plc has supported aspects of a proposal made by Royal Dutch Shell over
Read more* Expects FY15 funds from operations to double from $88 mln in FY14 * Says received offers for certain of non-core assets * Shares jump as much as 23 pct (Adds details on fiscal 2014 forecast; updates share movement) March 8 (Reuters) - Oil and natural gas producer Niko Resour
Read moreAccording to the Financial Times, oil giant BP has warned of settlement costs 'significantly higher' than 7.7bn dollars in relation to its payout to business and individuals affected by the 2010 oil of spill in the Gulf of Mexico. In a note last week, the company forecasted the civil trial to cost i
Read moreSINGAPORE, March 8 (Reuters) - India's Mangalore Refinery and Petrochemicals Ltd has sold to Unipec an April naphtha cargo at about $60.50 a tonne above Middle East quotes on a free-on-board (FOB) basis, a premium which reflected a strong market, traders said on Friday. The 35,000-tonne car
Read moreBy Andrew Callus LONDON, March 7 (Reuters) - BP must keep paying certain types of oil spill compensation in much larger amounts and to more parties than it was expecting, according to a court ruling which could add billions to its final bill. The March 5 ruling, made by the New Orlean
Read moreLONDON, March 7 (Reuters) - BP must keep paying certain types of oil spill compensation in much larger amounts and to more parties than it was expecting, according to a court ruling this week, which could add billions of dollars to its final bill. The March 5 ruling, made by the New Orleans
Read moreHOUSTON, March 6 (Reuters) - Rumors on Wednesday among West Coast refined products market traders about a failed restart attempt of a gasoline unit at BP Plc's 240,000 barrel per day (bpd) L.A.-area refinery reduced a decline in California gasoline differentials by nearly 5 cents a gallon, said m
Read more* Failed restart rumor halts drop in wholesale prices * L.A. gasoline unit underwent extended overhaul (Adds details, background.) HOUSTON, March 6 (Reuters) - The restart of a 102,500 barrel per day (bpd) gasoline-producing fluidic catalytic cracking unit at BP Plc's Los Angeles-area r
Read moreHOUSTON, March 6 (Reuters) - The restart of a 102,500 barrel per day (bpd) gasoline-producing fluidic catalytic cracking unit at BP Plc's Los Angeles-area refinery in Carson, California, was proceeding slowly, sources familiar with operations at the 240,000 bpd refinery said on Wednesday, contrad
Read moreBy Andrew Callus LONDON, March 6 (Reuters) - BP Plc boss Bob Dudley's pay fell by a fifth last year because of performance measures set over a three-year period that began in 2010, the oil-spill year. The company's 2012 annual report released on Wednesday shows a zero in the column fo
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