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  • CONCORD, N.H.— New Hampshire is a big step closer to getting a $236 million judgment after the U.S. Supreme Court said this week it wouldn't hear Exxon Mobil's appeal regarding its use of a gasoline additive that contaminated groundwater in the state. New Hampshire sued Exxon and other oil companies in 2003 for damages to remediate MTBE contamination, saying...

  • Houston- based Dakota Access LLC wants to build the pipeline— designed to carry a half-million barrels of oil a day— from northwest North Dakota to a storage facility in south-central Illinois. On Friday, Iowa State Archaeologist John Doershuk said his office had received information indicating a possible Native American site in northwest Iowa that, if...

  • *Merged entity to be domiciled in London. The new group, to be domiciled in London, would have combined revenue of $20 billion and the merger is expected to deliver annual pretax savings of at least $400 million by 2019, as well as boost earnings per share significantly, the companies said in a statement. Shares in Technip, which builds oil rigs and refineries and...

  • PARIS, May 19- France's Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion. The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on Thursday.

  • leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer. In April, several California agencies prepared a report on potential power shortages related to last year's gas leak at the Aliso Canyon storage facility in the Los Angeles area. That report found significant risks to electricity...

  • May 18- The operator of the California power grid. said on Wednesday that natural gas shortages related to a. leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer.

  • SYDNEY, May 16- Monaco- based oil services company Unaoil denied on Monday a media report linking it to corrupt practices involving big oil companies said it has been the victim of an extortion attempt by unidentified criminals. The Australian newspaper group Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...

  • NEW YORK/ LONDON, May 16- Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Libyan oil sources told Reuters. The NOC in Tripoli, which is keen to work with a new U.N.-backed unity government to revive Libya's oil production, said...

  • SYDNEY, May 16- Monaco- based oil services company Unaoil denied on Monday a media report linking it to corrupt practices involving big oil companies said it has been the victim of an extortion attempt by unidentified criminals. The Australian newspaper group Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...

  • Marathon Oil jumped 4 percent and Devon Energy also rose 4 percent. Apple led tech stocks higher with a 4 percent gain after Warren Buffett's Berkshire Hathaway disclosed it had taken a stake in the company. Marathon Oil jumped 6 percent in midday trading Monday and offshore driller Transocean rose 5 percent.

  • *Nigeria oil production halved to 1.65 mln bpd. *OPEC output rises in April to highest since at least 2008. NEW YORK, May 13- Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.

  • Houston oilfield services company Baker Hughes Inc. said Friday 328 rigs sought oil and 86 explored for natural gas. Among major oil- and gas-producing states, Texas declined by seven rigs, Louisiana was down three and North Dakota, Oklahoma and Wyoming each fell by one. Alaska, Arkansas, Colorado, Kansas, Ohio, Pennsylvania, Utah and West Virginia were all...

  • *Iraq asked oil firms to make drastic spending cuts. *Some companies said to consider halting Iraq operations. BAGHDAD, May 13- International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday.

  • LONDON/ SINGAPORE, May 12- Five oil product traders have resigned from Noble Group, Asia's biggest commodity trader by revenue, some of whom are moving to rival trader Glencore, sources with knowledge of the issue said. Three of Noble's London- based gasoline traders are joining Glencore, according to the sources. Noble had also subleased storage tanks in the key...

  • NEW YORK/ HOUSTON May 11- U.S. Midwest refiners are rushing to secure alternatives for crude supply as they worry about prolonged outages after a raging wildfire in Canada shut nearly half of production capacity from the vast oil sands. They pointed to record crude stocks at the U.S. hub of Cushing, Oklahoma, swelling domestic supplies as well as growing imports...

  • *Oscar Spieler to replace Gary Smith as CEO. May 10- Golar LNG Ltd said former Chief Executive Oscar Spieler would return to the top job as the natural gas shipping company pushes deeper into the Brazilian power generation market to cope with weakness in freight rates. Spieler, who led the company between July 2009 and June 2011, will replace Gary Smith, who is...

  • May 10- Golar LNG Ltd said Oscar Spieler would replace Gary Smith as chief executive as the natural gas shipping company pushes deeper into the Brazilian power generation market in a bid to diversify operations amid weak freight rates. Weak demand for LNG from key markets such as South Korea and Japan, coupled with growing supply of tankers, has hurt rates for...

  • May 10- Golar LNG Ltd said Oscar Spieler would replace Gary Smith as chief executive, as the natural gas shipping company realigns operations, including building up its presence in the Brazilian power generation market. The company said on Tuesday it was in talks with a private equity firm for investments in Golar Power, its unit that holds an interest in a 1.5...

  • SINGAPORE, May 10- Oil prices fell early on Tuesday as Canadian wildfires that have knocked out over 1 million barrels worth of daily crude capacity moved away from production facilities, while brimming inventories and a strong U.S. dollar weighed on markets. U.S. crude futures were trading at $43.09 per barrel at 0040 GMT, down 35 cents from their last settlement.

  • LONDON, May 9- A growing overhang of gasoline and diesel fuelled a sharp sell-off in oil futures on Monday that reversed a recent rally over the wildfires in the heart of Canada's oil sands region, traders and analysts said. While crude oil supplies have significantly tightened in recent weeks due to outages linked to unrest in Libya, militant attacks in Nigeria,...