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* London the venue for annual oil industry gatherings * Storage plays, price swings offer big profits By Dmitry Zhdannikov LONDON, Feb 8 (Reuters) - The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celeb
Read moreHOUSTON, Feb 7 (Reuters) - The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc's Whiting, Indiana, refinery and the company's joint-venture ref
Read moreOSLO, Feb 7 (Reuters) - Norway's Nyhamna natural gas processing plant, which supplies Britain through a pipeline under the North Sea, suffered an unexpected outage on Saturday due to power loss, its operator told the Nordic Power bourse. The plant, which supplies about a fifth of Norway's o
Read moreBy Wilda Asmarini JAKARTA, Feb 6 (Reuters) - Indonesia plans to set a floor and ceiling on fuel prices in a bid to reduce volatility and generate savings, an energy official said, just over a month after Southeast Asia's largest economy axed fuel subsidies. Last month President Joko W
Read moreBy Kristen Hays HOUSTON, Feb 6 (Reuters) - The perpetually full Colonial Pipeline has spawned another market for traders and brokers: line space on the crucial artery. The 5,500-mile (8,851 km) pipeline system moves more than 3 million barrels per day of gasoline and distillates from
Read more* Norwegian gas exports total 353 mcm/day * Flows to Britain edge up to 121 mcm/day OSLO, Feb 6 (Reuters) - Norway's pipeline natural gas exports to Europe rose to the highest level since February 2012 on Friday, which was expected to be the coldest day this winter in northwestern Europe
Read more* Oil company debt repaid in-kind with exploration deals * Three major oil and gas deals worth $9.2 bln in works * LNG to align Egyptian fuel prices with global trends By Oleg Vukmanovic and Shadi Bushra MILAN/CAIRO, Feb 6 (Reuters) - Energy-hungry Egypt's willingness to
Read more(Updates with Shell statement, USW message) By Erwin Seba HOUSTON, Feb 5 (Reuters) - Union leaders rejected a sixth contract offer Royal Dutch Shell Plc made to U.S. refinery workers, and a pause in negotiations was called Thursday on the fifth day of a strike, though talks are set to
Read moreHOUSTON, Feb 5 (Reuters) - The United Steelworkers union confirmed late on Thursday that it has told local unions to reject a sixth contract offer made by Shell Oil Company to U.S. refinery workers. Sources had said earlier on Thursday the national union would recommend locals vote against
Read moreWASHINGTON, Feb 5 (Reuters) - BP Plc said on Thursday it will tell shareholders to back a resolution brought by investor activists calling on the oil major to improve transparency on its climate change risk exposure, following a similar move by Royal Dutch Shell Plc last week. "We consider
Read moreNEW YORK, Feb 5 (Reuters) - The United Steelworkers union plans to reject the latest contract offer from companies to refinery workers, according to sources familiar with the talks. The international union sent the proposal to locals last night, with the recommendation that they reject it.
Read more* Oil groups produced much more than they found last year * Oil and gas output fell in 2014, echoes trend over past decade * Graphic on oil majors' output: http://link.reuters.com/huh93w * Companies now making investment cuts to counter low oil prices By Tom Bergin and Ron
Read more* Norwegian gas exports total 347 mcm/day * Flows to Britain surge by 30 mcm/day OSLO, Feb 5 (Reuters) - Norway's pipeline natural gas exports to Europe were near full production capacity on Thursday morning after several outages ended, data from gas system operator Gassco showed. Fl
Read more(Adds text message from USW, paragraph 4) By Erwin Seba HOUSTON, Feb 4 (Reuters) - The United Steelworkers union (USW) said a new contract offer was made by lead oil company negotiator Royal Dutch Shell Plc on Wednesday night as a strike by U.S. refinery workers ended its fourth day.<
Read moreCALGARY, Alberta, Feb 4 (Reuters) - The U.S. Department of Energy said on Wednesday it would spend up to $500,000 to test monitoring technologies at a Royal Dutch Shell Plc oil sands carbon-capture and storage facility under construction in northern Alberta. The department said it will fiel
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