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OSLO, Jan 16 (Reuters) - A Norwegian gas worker is among those kidnapped by Islamist militants in Algeria, regional newspaper Bergens Tidende said on Wednesday, quoting the man's wife. "I received a phone call from my husband this morning and he said he was kidnapped," the woman, who was not identif
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Islamist militants on Wednesday kidnapped foreigners in a 'terrorist' attack at a BP gas field in Algeria, the UK Foreign Office confirmed. The British Embassy is working with local authorities to handle the raid on the In Amenas facility, an office spokeswoman told Digital Look and Sharecast. S
Read moreTOKYO, Jan 16 (Reuters) - A source at a Japanese engineering firm JGC Corp. confirmed that five Japanese nationals were kidnapped in Algeria on Wednesday, Japan's Jiji news agency said. JGC is involved in gas production work at Ain Amenas in southern Algeria.
Read moreLONDON, Jan 16 (Reuters) - Oil major BP said it had experienced a "security incident" at a gas field in Algeria, following reports that Islamist militants had seized five Japanese nationals and a French citizen from the facility on Wednesday. "We can confirm that there has been a security incident t
Read moreLONDON, Jan 16 (Reuters) - Oil major BP said on Wednesday it had experienced a "security incident" at a gas field in Algeria, following reports that Islamist militants had seized five Japanese nationals and a French citizen from the facility on Wednesday. "We can confirm that there has been a securi
Read moreHOUSTON, Jan 15 (Reuters) - January-delivery CARBOB differentials retreated in the Los Angeles spot market on Tuesday as refiner demand weakened, traders said. January CARBOB sold in L.A. at 8 cents a gallon over February RBOB gasoline on the New York Mercantile Exchange, down 4.5 cents a gallon fro
Read moreHOUSTON, Jan 15 (Reuters) - BP Plc's 240,000 barrel per day (bpd) Los Angeles-area refinery in Carson, Calif., restarted a jet fuel hydrotreater, which was shut down by small fire on Monday, sources familiar with refinery operations said on Tuesday. A hydrocracker was also shut due to the fire on Mo
Read more(Updates with new information on turnarounds) NEW YORK, Jan 15 (Reuters) - U.S. Midwest and Gulf Coast refiners are likely to undertake more maintenance this year after forgoing such work, or turnarounds, in 2012 to benefit from lucrative margins. Refiners like Valero, Marathon Petroleum an
Read more* Deep discounts seen persisting for months * $45-$50 break-even seen for conventional heavy oil * SAGD oil sands can produce at sub-$30 a barrel By Jeffrey Jones CALGARY, Alberta, Jan 15 (Reuters) - Canadian heavy oil prices, pressured by a combination of tight pipeline capacity and delays in a U.S
Read more* 40 firms awarded stakes, 23 of these have operatorships * Oil majors awarded operatorships: Shell, Total * Applicant BP left empty-handed By Gwladys Fouche SANDEFJORD, Norway, Jan 15 (Reuters) - Norway awarded 51 oil and gas production licenses in a mature area licensing round, the country's oil m
Read moreBy John Kemp LONDON, Jan 15 (Reuters) - For a decade, the oil industry has worried about rising resource nationalism in producing countries. Host governments have imposed tougher terms, demanded bigger exploration bonuses and extracted a higher share of revenues, in some cases expropriating foreign
Read more(Adds detail about maintenance underway at the refinery) HOUSTON, Jan 14 (Reuters) - A hydrocracking unit and a jet fuel hydrotreating unit were shut on Monday night after a small fire at BP Plc's 240,000 barrel per day (bpd) Los Angeles-area refinery in Carson, California, according to West Coast r
Read moreHOUSTON, Jan 14 (Reuters) - A hydrocracking unit and a jet fuel hydrotreating unit were shut on Monday night after a small fire at BP Plc's 240,000 barrel per day (bpd) Los Angeles-area refinery in Carson, California, according to West Coast refined products trade sources. A BP spokesman declined to
Read moreHOUSTON, Jan 14 (Reuters) - BP Plc's 400,780 barrel per day (bpd) Texas City, Texas, refinery completed the restart of gasoline-producing fluidic catalytic cracking unit No. 1 over the weekend, sources familiar with refinery operations said on Monday. A malfunction in the refinery's co-generation un
Read more- Bernanke could spark market volatility - Traders cautious ahead of US earnings season - Eurozone industrial production disappoints Dovish comments from a member of the Federal Reserve weren't enough to lift stocks on Monday, as markets remained cautious ahead of a speech by Ben Bernanke this even
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