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(Corrects cash flow decrease to $23 billion from $21 billion in headline, first and fourth paragraphs after Wood Mackenzie revised figures) CALGARY, Alberta, Feb 24 (Reuters) - Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a r
Read moreHOUSTON, Feb 24 (Reuters) - United Steelworkers union (USW) International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. A total of 6,550 USW members are on strike at 15 plants, including 12 refineries accounting for one-fifth of
Read moreLONDON, Feb 24 (Reuters) - Investment in British North Sea projects is expected to fall below 8 billion pounds ($12.35 billion) in 2016 from 14.8 billion last year, and could shrink further due to a rise in costs and fall in prices, industry lobby group Oil & Gas UK said in an annual survey on Tu
Read more-- Source link: (http://bit.ly/17t2nTN) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreBy Kristen Hays HOUSTON, Feb 23 (Reuters) - Royal Dutch Shell's proposed crude-by-rail project in Washington state has been put on hold pending environmental review, just days after a pair of oil train derailments caused huge fires in Canada and West Virginia. A Skagit County Office
Read moreHOUSTON, Feb 23 (Reuters) - Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United S
Read more(Adds Motiva comment) HOUSTON, Feb 23 (Reuters) - Motiva Enterprises was preparing on Monday to restart the 60,000-barrel per day (bpd) hydrocracking unit (HCU) at its 600,250 bpd Port Arthur, Texas, refinery, said sources familiar with plant operations. The HCU, which converts gas o
Read moreHOUSTON, Feb 23 (Reuters) - Motiva Enterprises was preparing on Monday to restart the 60,000-barrel per day (bpd) hydrocracking unit (HCU) at its 600,250 bpd Port Arthur, Texas, refinery, said sources familiar with plant operations. The HCU, which converts gas oil into motor fuels, especia
Read more(Adds details and comment on Shell decision, industry background) By Scott Haggett and Nia Williams CALGARY, Alberta, Feb 23 (Reuters) - Royal Dutch Shell Plc is shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers str
Read moreCALGARY, Alberta, Feb 23 (Reuters) - Royal Dutch Shell Plc said it was shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices. The company said on Monday that it was withdrawing its regulatory a
Read more(Adds possible restart of talks, details from Shell letter) By Erwin Seba HOUSTON, Feb 22 (Reuters) - The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket
Read moreBy Erwin Seba HOUSTON, Feb 22 (Reuters) - The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST (0600 GMT) on Sunday, according to union officials.
Read more(Adds Shell letter, background, detail) By Erwin Seba HOUSTON, Feb 21 (Reuters) - The U.S. refinery strike widened on its 20th day, with workers at the nation's largest refinery walking off jobs and joining picket lines on Saturday as the United Steelworkers union (USW) pushes for a n
Read more(Adds Motiva no comment, flaring, lube oil production.) HOUSTON, Feb 21 (Reuters) - The 195,000 barrel per day (bpd) crude distillation unit at Motiva Enterprises' 600,250 bpd Port Arthur, Texas, refinery was running at a minimal production level following a restart on Friday night, said s
Read moreHOUSTON, Feb 21 (Reuters) - The 195,000 barrel per day (bpd) crude distillation unit at Motiva Enterprises' 600,250 bpd Port Arthur, Texas, refinery was running at a minimal production level following a restart on Friday night, said sources familiar with plant operations. The unit was shut
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