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By Kristen Hays NEW ORLEANS, Feb 25 (Reuters) - BP executives more focused on cost-cutting and oil production than safety should be held responsible for the Deepwater Horizon disaster in the Gulf of Mexico in 2010, the worst offshore oil spill in U.S. history, a lawyer told a courtroom on M
Read moreFeb 25 (Reuters) - Colonial Pipeline said it was freezing nominations on its Linden delivery Line L6 for Cycle 09, according to a note sent to shippers on Monday. Colonial issued the freeze notice for the line and cycle effective Monday, which means it will not accept any fresh nominations.
Read moreDUBAI, Feb 25 (Reuters) - Abu Dhabi National Oil Company (ADNOC) is considering the option of extending the agreement for its largest onshore oilfield which is due to expire at the end of 2013 for another year, industry sources said on Monday. No final decision has yet been made, ADNOC sour
Read more(Corrects dateline to NEW ORLEANS from HOUSTON) By Kristen Hays and Braden Reddall NEW ORLEANS, Feb 25 (Reuters) - Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involv
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BP begins a year-long trial in the US on Monday over the 2010 Deepwater Horizon explosion and oil spill in the Gulf of Mexico. The oil giant will defend itself against charges of gross negligence in America's worst environmental disaster that killed 11 men. BP faces a fine of up to $17.6bn, the bi
Read moreLUANDA, Feb 25 (Reuters) - The start of exports of liquefied natural gas (LNG) from the $10 billion Angola LNG project has been delayed due to technical problems at the plant, a senior executive at state oil firm Sonangol said on Monday. Sonangol board member Baptista Sumbe told a press bri
Read moreHOUSTON, Feb 24 (Reuters) - BP Plc's 240,000 barrel per day (bpd) Los Angeles-area refinery in Carson, California, warned on Sunday of planned flaring from Monday through March 8, according to a notice the refinery filed with California pollution regulators. The refinery has been returning
Read moreHOUSTON, Feb 24 (Reuters) - Marathon Petroleum Corp's 451,000 barrel per day (bpd) Texas City, Texas, refinery stopped a leak in a distillate hydrotreater on Saturday, according to a notice the refinery filed with Texas pollution regulators. The leak was sending product into the unit's fla
Read moreThe US government and Gulf Coast states are reportedly considering offering BP a deal under which the company will pay 16bn dollars to settle civil suits stemming from the 2010 Deepwater Horizon disaster. The deal would cover the company's potential penalties under the Clean Water Act and payments u
Read moreALGIERS, Feb 24 (Reuters) - Algeria's Tiguentourine gas plant resumed some production on Sunday, more than a month after dozens of foreign workers were killed in an Islamist attack there, the head of the state energy firm Sonatrach told state radio. The gas facility operated by BP in partne
Read moreFeb 23 (Reuters) - The U.S. government and Gulf Coast states are considering offering BP Plc a deal under which it pays $16 billion to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, the Wall Street Journal reported on Friday. The deal would cove
Read moreFeb 23 (Reuters) - The U.S. government and Gulf Coast states are considering offering BP Plc a deal under which it pays $16 billion to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, the Wall Street Journal reported on Friday. The deal would cove
Read more* Oil products supply market worth $15 billion a year * SOCAR, Phillips 66 eye stepping up sales to region * Region has only one functioning refinery * Trafigura, BP, Reliance already well established By Humeyra Pamuk and Emma Farge DUBAI/GENEVA, Feb 21 (Reuters) - E
Read more* Firms required to channel export revenues via local banks * Regulator says firms have until June 30 to comply * Total says 'not possible' under current export arrangements By Fergus Jensen JAKARTA, Feb 22 (Reuters) - Indonesia told oil and gas contractors they will have
Read moreMADRID, Feb 22 (Reuters) - Spain's government is planning measures to boost competition in the petrol market - currently dominated by Spain's Repsol, British BP and privately held Cepsa - according a draft plan given to journalists on Friday. Spain will make it easier to obtain licenses to
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