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Tanzania makes big onshore natural gas discovery - local newspapers

DAR ES SALAAM, Feb 25 (Reuters) - Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore rese

UPDATE 2-Brazil Senate passes bill to relax Petrobras hold on rich oil region

(Recasts; Adds minister comments and context) By Maria Carolina Marcello and Jeb Blount BRASILIA/RIO DE JANEIRO, Feb 24 (Reuters) - Brazil's Senate on Wednesday passed a bill that reduces Petrobras control over some of the country's most promising offshore oil resources, in an attempt

Brazil's Senate passes bill to relax Petrobras hold on subsalt

BRASILIA, Feb 24 (Reuters) - Brazil's Senate on Wednesday approved a bill that ends a requirement that state-run oil company Petroleo Brasileiro SA operate all new developments in an offshore region known as the Subsalt Polygon and provide at least 30 percent of investment. The bill passed

CERAWEEK-Oil refineries' booming profits set to slow this year

* New refining capacity to pressure margins * Global demand growth set to slow in 2016 By Ron Bousso and Kristen Hays HOUSTON, Feb 24 (Reuters) - Oil refiners are set to enjoy another year of robust profits as feedstock prices remain low, but new plants and slower global growth

LONDON MARKET CLOSE: Brexit Fears Hit Pound, Commodity Stocks Decline

UPDATE 1-Shell to shutter key unit after U.S. boss steps down

* Marvin Odum steps down after 34 years with Shell * Shell to close unconventional resources division (Adds background on scrapped projects) By Ron Bousso Feb 24 (Reuters) - Marvin Odum is stepping down as head of Royal Dutch Shell's U.S. operations by mutual agreement, said t

Royal Dutch Shell's US Country Chair Exits Amid North America Changes

Shell's U.S. boss to step down

Feb 24 (Reuters) - The head of Royal Dutch Shell's U.S. operations will leave by mutual agreement at the end of March after 34 years, the Anglo-Dutch company said on Wednesday. Marvin Odum, who is also Shell's U.S. unconventional resources director, plans to pursue other opportunities, a c

Shell closes U.S. shale resources unit and says U.S. head to leave

LONDON, Feb 24 (Reuters) - Oil major Royal Dutch Shell is closing a business dedicated to so-called unconventional resources, a term used by the industry to describe shale reserves, and said on Wednesday the unit's director and U.S. head Marvin Odum would leave. Shell on Feb. 4 reported it

Motiva Port Arthur refinery restarts second-largest CDU -sources

HOUSTON, Feb 24 (Reuters) - Motiva Enterprises completed the restart of the second largest crude distillation unit at its 603,000-barrel-per-day (bpd) Port Arthur, Texas, refinery overnight, sources familiar with plant operations said on Wednesday. It was the second attempt to restart the

LONDON MARKET MIDDAY: Commodity Stocks Weigh As Brexit Fears Hit Pound

WINNERS & LOSERS SUMMARY: Housebuilding Sector Remains Buoyant

LONDON MARKET OPEN: Oil Stocks Drag On London While Housebuilders Rise

REFILE-Maintenance work on one of Nigeria's NLNG trains to last until April - NLNG

(Makes clear statement was on Tuesday, not Monday) LAGOS, Feb 23 (Reuters) - Scheduled maintenance work is being conducted at one of Nigeria Liquefied Natural Gas Company's (NLNG) six trains and will last until the first week of April, the company said on Tuesday. "It started on Janua

UPDATE 2-British business bosses say exit from EU would hit economy and jobs

* Bosses of 36 of FTSE 100 bosses caution over 'Brexit' * BT, Marks & Spencer, BP says exit would cost jobs * Tesco, Sainsbury's CEOs refrain from weighing in * For full multimedia coverage please click: cpurl://apps.cp./cms/?pageId=brexit (Adds further comments, IOD data)