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throughput capacity by 325,000 2012 b/d, to 610,000-b/d, slowed. Completion now seen 1Q 2012, from 2010. Valero Corpus 340.0 West Plant 50,000-b/d FCCU at Christi, TX reduced rat
Read moreDOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. All units at the Motiv
Read moreThe following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's) July 22, 2010--Standard & Poor's Ratings Services said in a recent report that the business ramifications from the Gulf of Mexico oil spill are likely to be far reaching for U.S. oil and gas operators. The report,
Read more(Adds detail, executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea, sending its shares sharply higher. Faroe said an
Read moreDALAT, Vietnam (Dow Jones)--Vietnam has agreed to let Oil & Natural Gas Corp. (500312.BY) to buy BP PLC's (BP) stake in a gas block in the country, India's oil minister Murli Deora said Thursday. Deora was speaking to Dow Jones Newswires after a 5-minute private meeting with Vietnam's Minister o
Read more(Adds comments from India's oil minister, ONGC Chairman, PetroVietnam official) By Rakesh Sharma Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--India Thursday began talks with Vietnam over the possibility of Oil & Natural Gas Corp. (500312.BY) acquiring BP PLC's (BP) stake in a gas bloc
Read more(Adds quotes, details.) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--The Iraqi oil ministry has asked BP PLC (BP) and its partner China National Petroleum Corp., or CNPC, to change the signature bonus for the Rumaila oil field to unrecoverable but at a reduced sum from
Read moreBy Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--The Iraqi oil ministry has asked BP PLC (BP) and its partner China National Petroleum Corp., or CNPC, to change the signature bonus for Rumaila oil field to unrecoverable but at a reduced sum from the proposed recoverable soft loan,
Read moreDOW JONES NEWSWIRES Scotland's first minister Alex Salmond has written to U.S. senator John Kerry, chairman of the U.S. Senate Committee on Foreign Relations, after senators called for an inquiry into the release of the Lockerbie bomber, the BBC reports on its website late Wednesday. Salmon
Read moreLONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea. Faroe said an initial analysis of the Maria prospect indicates between 75 million and 155 million barrels of oil equivalent could be recovered.
Read more(Adds comments from ONGC chairman and analyst, background) By Rakesh Sharma Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--Oil & Natural Gas Corp. (500312.BY) has expressed its interest to Vietnam Oil and Gas Group, or PetroVietnam, to buy BP PLC's (BP) stake in a gas block in Vietnam, th
Read moreTOKYO (Dow Jones)--The president of the U.S. arm of Mitsui & Co.'s (8031.TO) oil development unit wrote in a report to the U.S. Senate that BP PLC. (BP) has full responsibility for the oil spill in the Gulf of Mexico, including compensation for all damages, Kyodo News reported Thursday. Naoki Is
Read moreSantander is gearing up to list its UK operations on the London Stock Exchange as soon as this autumn in a deal that could raise an estimated £3bn (€3.5bn) to fund growth by the acquisitive Spanish bank. The group, which is on the verge of buying a portfolio of 318 UK branches from RBS, needs the mo
Read moreNEW DELHI (Dow Jones)--Oil & Natural Gas Corp. (500312.BY) has expressed its interest to Vietnam Oil and Gas Group, or PetroVietnam, to buy BP PLC's (BP) stake in a gas block in Vietnam, the chairman of India's state-run oil and gas explorer said Thursday. "Yesterday we have indicated our willin
Read moreTAIPEI (Dow Jones)--Taiwan's Formosa Plastics Group would be interested in buying assets that BP PLC (BP) is selling to help pay for the costs of its massive oil spill, a senior official at the group's flagship Formosa Plastics Corp. (1301.TW) unit said Thursday. "There's an interest, but it dep
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