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Oct 14 (Reuters) - Indian state-run explorer Oil and Natural Gas Corp said its overseas arm has agreed to buy an additional 12 percent stake in a Brazilian oil block from Brazil's Petrobras for $529 million. Petrobras had earlier agreed to sell its 35 percent stake in the block to China's S
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Engineering firm Kentz Corporation has won a contract to deliver services for Qatar's Pearl gas-to-liquids (GTL) plant, run by Qatar Petroleum and Shell. Pearl GTL, run by the Qatar Shell GTL partnership, is the largest GTL plant in the world and is expected to process around 3bn barrels of oil equ
Read more* $100 a barrel is sustainable - minister * Sees no sign of OPEC changing quota in December * UAE Sept output at 2.7 to 2.8 mln bpd * Angola official content with oil prices By Meeyoung Cho DAEGU, South Korea, Oct 13 (Reuters) - OPEC's crude oil production is at a su
Read more* Proposal suggests importing Nigerian Bonny Light crude oil * Move would seek to boost refining, trade balance BUENOS AIRES, Oct 12 (Reuters) - Argentina is studying authorizing crude imports from Nigeria to help counter a long decline in oil and natural gas output that has hurt its
Read moreBy Cezary Podkul and Fabiola Gomes NEW YORK/SAO PAULO, Oct 11 (Reuters) - U.S. imports of Brazilian sugar cane ethanol could be cut by more than half if a draft proposal to reduce next year's U.S. biofuel blending mandate is enacted. While the U.S. corn-based ethanol industry has issu
Read moreBy Cezary Podkul and Fabiola Gomes NEW YORK/SAO PAULO, Oct 11 (Reuters) - U.S. imports of Brazilian sugar cane ethanol could be cut by more than half if a draft proposal to reduce next year's U.S. biofuel blending mandate is enacted. While the U.S. corn-based ethanol industry has issu
Read moreBy Dmitry Zhdannikov and Gleb Gorodyankin LONDON/MOSCOW, Oct 11 (Reuters) - Rivals to trading house Vitol led by Glencore are challenging its decade-long leadership in crude exports from Kazakhstan to Europe as new Caspian Sea Kazakh production comes onstream. The second-largest oil p
Read more* Environmental protesters being held on piracy charges * First foreigners to appeal against detention fail * Finnish minister resigns over separate Greenpeace protest By Gabriela Baczynska MOSCOW, Oct 11 (Reuters) - Two Britons held in Russia for a Greenpeace protest were
Read more* Environmental protesters being held on piracy charges * First foreigners to appeal against detention fail * Finish minister resigns over separate Greenpeace protest By Gabriela Baczynska MOSCOW, Oct 11 (Reuters) - Two Britons held in Russia for a Greenpeace protest were
Read more* Fresh accident points to technical complexity of ambitious project * Kashagan consortium must launch "commercial output" this month ALMATY, Oct 11 (Reuters) - Kazakhstan's giant offshore Kashagan oilfield halted output after a gas leak was detected on Oct. 9, a consortium developing
Read moreALMATY, Oct 11 (Reuters) - Kazakhstan's giant offshore Kashagan oilfield halted output after a gas leak was detected on Oct. 9, a consortium developing it said on Friday. Repair work is ongoing, it said, without giving a date for the resumption of production. Output at the field, one
Read moreLONDON, Oct 11 (Reuters) - Royal Dutch Shell said on Friday it had declared a force majeure on Nigerian Bonny Light crude oil , just a week after it was lifted, again highlighting the West African country's seemingly intractable problem of oil theft. "The Shell Petroleum Development Company
Read moreLONDON, Oct 11 (Reuters) - Royal Dutch Shell said on Friday that it had declared a force majeure on Nigerian Bonny Light crude oil . "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has again raised alarm on the increasing trend of crude oil theft which has caused repeated clo
Read moreMarkets have been quite unsettled of late due to the uncertainty regarding the budget stand-off on Capitol Hill. The most recent market reports indicate that House Republicans may bring a bill to raise the federal government's debt limit for six weeks to the floor in an apparent bid to avoid furth
Read moreLAGOS, Oct 10 (Reuters) - Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said on Thursday, the latest move by an oil major to divest assets from the area. Shell is one of severa
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