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17 May 2013 12:00

Nigeria declares force majeure on LNG exports after leak

ABUJA, May 17 (Reuters) - Nigeria LNG has declared force majeure on liquefied natural gas exports from its 22 million tonnes-a-year terminal after a leak at a Royal Dutch Shell facility, the Nigerian company said on Friday. Shell declared force majeure on gas supplies to the export termina

17 May 2013 06:03

FACTBOX-Foreign firms in China's shale gas sector

(Adds Italy Eni's joint study with CNPC) BEIJING, May 17 (Reuters) - Italian oil firm Eni has entered a joint study with China's CNPC to explore a shale gas block in the southwestern province of Sichuan, officials said on Friday, becoming one of the latest foreign firms to enter China's sh

16 May 2013 20:45

UPDATE 1-Platts in lockdown as investigators continue oil probe

* Investigators at Platts in London for third day * Raid the price of being relevant, Platts boss told staff * Platts vetting procedure for price contributions in focus * Platts still operating business as usual By Peg Mackey LONDON, May 16 (Reuters) - European anti-

16 May 2013 20:26

Motiva says power restored at Convent, LA, refinery

May 16 (Reuters) - Motiva Enterprises said power was quickly restored at its 233,500 barrel-per-day Convent, Louisiana, refinery on Thursday morning after it experienced a temporary power outage. The company did not specify which units were affected by the power outage or whether the refine

16 May 2013 18:53

UPDATE 4-Hess seats 3 activist-backed directors, ends proxy fight

* Elliott supports Hess' five board nominees * Elliott had earlier proposed a slate of five directors * Three more incumbent Hess directors stepping down * Board elects Mark Williams as chairman By Michael Erman and Erwin Seba NEW YORK/HOUSTON, May 16 (Reuters) - Hes

16 May 2013 15:30

Platts in lockdown as investigators continue oil probe

* Investigators at Platts in London for third day * Raid the price of being relevant, Platts boss told staff * Platts vetting procedure for price contributions in focus * Platts still operating business as usual By Peg Mackey LONDON, May 16 (Reuters) - European anti-

16 May 2013 14:50

Shell declares force majeure on gas for Nigeria LNG

LONDON, May 16 (Reuters) - Royal Dutch/Shell Plc declared force majeure on gas supplies to the Nigeria Liquefied Natural Gas (LNG) liquefaction plant on Thursday, blaming a leak along the Eastern Gas Gathering System near Awoba in Rivers State. The move comes barely a month after force maj

16 May 2013 14:46

Shell declares force majeure on gas supply to Nigeria LNG - NLNG

ABUJA, May 16 (Reuters) - Royal Dutch Shell's local unit has declared force majeure on gas supplies to the Nigerian Liquefied Natural Gas export terminal following a leak, Nigeria's state-LNG firm said on Thursday. "The shutdown will be in place until the source of the leak is identified an

16 May 2013 10:28

UPDATE 1-Chief executives and the itch to quit

By Andrew Callus LONDON, May 16 (Reuters) - On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". A handful of recent shock departures by 50-something chief executives at European blue chip companies - none of

16 May 2013 07:04

Chief executives and the itch to quit

By Andrew Callus LONDON, May 16 (Reuters) - On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". A handful of recent shock departures by 50-something chief executives at European blue chip companies - none of

15 May 2013 21:37

UPDATE 2-EU oil price probe puts Platts in spotlight

* Probe follows more scrutiny of benchmarks post-Libor * Platts unique in using trading "window" to assess prices * Agency has long defended its oil assessment process By Peg Mackey and Alex Lawler LONDON, May 15 (Reuters) - A European investigation into alleged price rigg

15 May 2013 18:03

UPDATE 1-Brazil's tarnished oil industry polishes image with rights sale

* BG Group, OGX, Total, BP among winners at Brazil auction * Sale comes after years of sluggish oil growth, rising debt * Last auction held in 2008 after which oil interest waned * U.S., European companies rush in, but Asians wary By Jeb Blount RIO DE JANEIRO, May 15

15 May 2013 17:25

COLUMN-How to manipulate oil price assessments: Campbell

By Robert Campbell NEW YORK, May 14 (Reuters) - The vulnerability of physical crude price assessments to manipulation is an open secret within the oil industry. The surprise, perhaps, is that it took regulators so long to open a formal probe. Nevertheless, the revelation that the Euro

15 May 2013 16:54

UPDATE 3-Oil pricing probe widens, Britain pledges tough action

* Britain says would be deeply worrying if prices were driven up * Follows EC probe, searches of BP, Shell, Statoil offices * Eni says was also asked to provide information * Trading houses had no inspections, information requests so far By William James and Dmitry Zhdanni

15 May 2013 16:41

UPDATE 2-Saras, Rosneft eying Italy retail network of Shell

* Shell mulling sale of downstream assets in Italy * Italy's petrol network fragmented * Saras Q1 core earnings 48.2 mln euros vs 21.1 mln yr ago By Stephen Jewkes MILAN, May 15 (Reuters) - Italian refiner Saras and Russian partner Rosneft are eying the petrol station netw