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LONDON, Feb 28 (Reuters) - The CATS Riser Platform, one of Britain's key gas production facilities, will shut down for maintenance from Aug. 1-Sept. 15, operator BP said. The platform is part of the Central Area Transmission System (CATS) which can handle more than 48 million cubic metres o
Read moreBy Kathy Finn Feb 27 (Reuters) - A boat collided with an inactive oil and gas well near New Orleans on Tuesday night, causing a small oil spill, the U.S. Coast Guard and the operator of the well said on Wednesday. The accident occurred at about 7 p.m. local time on Tuesday, when a 42-
Read moreBy Kristen Hays NEW ORLEANS, Feb 27 (Reuters) - BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill. Alan Huffman,
Read moreBy Kristen Hays NEW ORLEANS, Feb 27 (Reuters) - BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill. Alan Huffman,
Read more* European exports to U.S. rise as refinery announces closure * Rising exports lift European fuel prices * Weaker pound, euro vs dollar also contribute By Ron Bousso LONDON, Feb 27 (Reuters) - European motorists, upset at high fuel prices, may be surprised to know that a s
Read more* Russia's Deputy PM says China may give a loan to Rosneft * Gazprom and China have been in gas talks for years * Gazprom had planned to sell 68 bcm of gas to China per year * Russia pushing for closer energy ties with Asia By Vladimir Soldatkin MOSCOW, Feb 27 (Reute
Read more* Deputy PM says China's loan to Rosneft was discussed * Sources say Rosneft may double oil flows to China for a loan * Rosneft in $55 bln acquisition of TNK-BP MOSCOW, Feb 27 (Reuters) - China may lend Rosneft money to help finance a proposed increase in oil supplies, Russian
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Barclays is expected to reveal next week that as many as 600 of its staff are paid more than one million pounds, in the most detailed disclosure yet about how much its 140,000 employees take home each year. In a move that could force rival banks to follow suit, Barclays is preparing to report how mu
Read moreHOUSTON, Feb 26 (Reuters) - Gasoline weakened in the Los Angeles spot market on lower demand on Tuesday, traders said. March-delivery CARBOB gasoline slid 4 cents a gallon to a 7-cent-a-gallon premium over April NYEX RBOB. In the San Francisco Bay market, March CARBOB strengthened 2 c
Read moreBy Kristen Hays NEW ORLEANS, Feb 26 (Reuters) - After hearing claims that BP Plc put profits above safety in the first day of court testimony over the 2010 Gulf of Mexico disaster, a senior executive for the oil company insisted the blame should be shared. Lamar McKay, BP's global hea
Read moreLONDON, Feb 26 (Reuters) - Britain's Buzzard oilfield in the North Sea is pumping below capacity at around 150,000 barrels per day (bpd) following a problem with a separator at the Kinneil oil terminal on the Scottish coast, trade sources said on Tuesday. The BP Kinneil oil stabilisation an
Read moreBy Kristen Hays NEW ORLEANS, Feb 26 (Reuters) - BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster. "There is ampl
Read moreBy Foo Yun Chee BRUSSELS, Feb 26 (Reuters) - Russian oil producer Rosneft is expected to win unconditional European Union regulatory approval for its TNK-BP takeover bid, a source familiar with the matter said on Tuesday, taking it closer to completing the $55 billion deal. State-own
Read moreBy Linda Hutchinson-Jafar PORT OF SPAIN, Trinidad, Feb 26 (Reuters) - Trinidad and Tobago is turning to markets in Latin America and the Caribbean for sale of its natural gas as its exports to the United States, once its major customer, quickly decline in the face of the North American shal
Read moreBRUSSELS, Feb 26 (Reuters) - EU antitrust regulators will clear Russian oil producer Rosneft's plan to acquire control of TNK-BP without any conditions, as they have not found any competition concerns, a source familiar with the matter said on Tuesday. State-owned Rosneft is buying TNK-BP f
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