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LONDON, Oct 25 (Reuters) - Shell on Friday said its St. Fergus gas receiving terminal in Scotland will undergo a capacity reduction of 12 million cubic metres/day for 43-days from Aug. 15, 2014, according to a market note. It added that the terminal's capacity will also be cut by 25 mcm/day
Read moreBy Fumbuka Ng'wanakilala DAR ES SALAAM, Oct 25 (Reuters) - Tanzania, a hotspot for natural gas exploration, invited bids for eight blocks and said on Friday it would take a stake of up to 75 percent in each of the new production-sharing contracts. "The production-sharing formula will
Read moreSAO PAULO, Oct 24 (Reuters) - Brazil's biggest oil discovery, the offshore Libra area, will not enter production until 2020 and peak output will come at least four years later, the head of state-run oil company Petrobras said on Thursday. Chief Executive Maria das Graças Foster said in a t
Read moreSAO PAULO, Oct 24 (Reuters) - Brazilian sugar and ethanol producer Cosan SA Indústria e Comercio plans to help competitor Copersucar export sugar through a neighboring terminal while Copersucar rebuilds from a fire that damaged its operations at Santos port. Cosan is developing a plan to t
Read more* Anadarko to drill 2 deepwater wells in New Zealand * U.S. energy firm eyes follow-up to Mozambique success * Other firms buy up permits * 4 TCF gas discovery would spark int'l interest-analyst By Naomi Tajitsu WELLINGTON, Oct 25 (Reuters) - New Zealand is hoping th
Read more* ECJ Advocate General argues against Spanish fuel tax * "Health cent" on fuel meant to finance healthcare spending * Spain may be liable for 13 billion euros in compensation MADRID, Oct 24 (Reuters) - An adviser to the European Union's top court has recommended it should rule t
Read more(Corrects first paragraph to show the court is EU's highest court, not second-highest) MADRID, Oct 24 (Reuters) - A Spanish tax on fuel sales, the revenues of which were earmarked to health matters, breaches European Union law, an adviser to the EU's highest court said on Thursday. "S
Read more* Production in 2014 set to rise by at least 500,000 bpd * Big gains from southern Majnoon, Garraf, Halfaya * Output this year to average around 3 million bpd By Peg Mackey BAGHDAD, Oct 23 (Reuters) - Iraq, OPEC's second biggest oil producer, expects a robust return to gro
Read more* Gas from Kirinskoye to be used for future LNG plant * Russia forges closer energy ties with Asia * Putin presides from afar as output starts at new field By Alexei Anishchuk NOVO-OGARYOVO, Russia, Oct 23 (Reuters) - Gazprom's Kirinskoye gas field off the Pacific island
Read moreBy Maggie Fick CAIRO, Oct 23 (Reuters) - Egypt is not interested in importing gas via pipeline from Israel and instead is focusing on a plan to import liquefied natural gas, a top Egyptian state executive said on Wednesday. Israel's energy and water minister said this week that it cou
Read moreMANILA, Oct 23 (Reuters) - The Philippines will insist that any gas produced from an offshore field a unit of Philex Petroleum Corp hopes to develop with China's CNOOC Ltd be used domestically, a senior energy official said on Wednesday. London-listed Forum Energy Plc, a unit of Philex, is
Read moreKUALA LUMPUR, Oct 23 (Reuters) - Shares in SapuraKencana Bhd jumped more than 5 percent on Wednesday after the Malaysian oilfield service provider agreed to pay $898 million to buy Newfield Exploration Co's Malaysian oil and gas assets. By 0107 GMT, SapuraKencana shares were up 5.4 percent
Read moreBy Douwe Miedema WASHINGTON, Oct 21 (Reuters) - A Houston-based unit of Royal Dutch Shell Plc applied to become a registered derivatives dealer, the second global oil company to accept tough new U.S. trading rules. More than 80 banks across the world that dominate the lucrative commod
Read moreRIO DE JANEIRO, Oct 21 (Reuters) - Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. Petrobras, as the Brazilian company is known, took 40 percen
Read more* On offer is offshore field holding 8 bln-12 bln barrels * Auction is first under new production-sharing model * World's premier oil companies decide to stay away By Jeb Blount RIO DE JANEIRO, Oct 21 (Reuters) - Brazil geared up on Monday to sell production rights to its
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