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  • SINGAPORE, March 10- Producers have been locking in recent gains across the crude futures price structure, selling forward contracts and potentially undermining further recovery because they do not trust a jump in front-month oil since January. Front-month benchmark Brent crude futures have surged more than 40 percent from 12- year lows hit early this year...

  • BRUSSELS, March 8- European Union antitrust enforcers have resumed their investigation into U.S. oilfield services provider Halliburton Co's proposed takeover of Baker Hughes and will decide by July 11 whether to approve the $35 billion deal. The European Commission, which halted the investigation on Feb. 18, said it had received further information from...

  • WILMINGTON, Del, March 8- The $500 billion midstream sector is bracing on Tuesday for a ruling from a U.S. bankruptcy judge that could determine if energy producers can use Chapter 11 to shed contracts with pipeline operators for transporting oil and natural gas. Bankruptcy Judge Shelley Chapman in Manhattan will read her ruling at 2:30 pm ET on a request by...

  • SINGAPORE, March 8- Chevron has started up its massive Gorgon LNG project in Australia and will soon be shipping more of the super-chilled fuel into an oversupplied market, eroding producer revenues but also likely hastening the advent of a liquid Asian spot market. "Homeless LNG accounts for more than a quarter of expected supply through 2025," said Jason Feer...

  • *Market shifts attention to China's 2016 economic plans. SINGAPORE, March 7- Oil prices rose on Monday, extending a rally that has lifted crude benchmarks by more than a third from this year's lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery. Front-month Brent crude futures were trading at $39.10 per...

  • SINGAPORE, March 7- Oil prices jumped on Monday, extending a rally that has lifted crude by over a third from this year's lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery. West Texas Intermediate futures were trading at $36.55 a barrel, up 63 cents from the last close and 40 percent above February lows.

  • SINGAPORE, March 7- Oil prices opened strongly on Monday after rallying in the previous session, as tightening supplies supported the market and sentiment around a market recovery strengthened. Front-month Brent crude futures were trading at $39.08 per barrel at 0019 GMT, up 36 cents from their last settlement. West Texas Intermediate futures were trading at...

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • *Calgary bars filled with bankers eyeing up deals. CALGARY, Alberta, March 2- Executives at some of Canada's biggest pension funds say they are looking more closely at the oil and gas sector, attracted by low valuations, but will take a scrupulous approach to deals given the uncertain oil price outlook. So we see excellent opportunities for long-term investors, "...

  • MILAN, March 2- Italian oil contractor Saipem faces new challenges after raising 3.5 billion euro to stay afloat, as rising competition in its lucrative pipe-laying business threatens margins and orders. Oil services firms have been among the hardest hit by a two-thirds drop in oil prices since July 2014 as oil producers slashed spending by more than $100...

  • *South Korea to increase Iran oil imports as sanctions lifted. *Iran in talks to lease oil storage in South Korea. Iran is exporting 100,000 barrels of oil a day to South Korea, one of its main crude customers, and hopes to double that figure by the end of 2016, Oil Minister Bijan Zanganeh was quoted as saying on Monday.

  • March 1- In the 16 months since Oklahoma oilman Harold Hamm dismissed OPEC as a "toothless tiger" because of growing U.S. energy independence, shares in his Oklahoma City- based Continental Resources Inc, a major shale oil driller, have fallen about 60 percent. Whether or not the Organization of the Petroleum Exporting Countries has been defanged, it has been unable...

  • *Oil dips as China manufacturing sector contracts again. *OPEC production dips to 32.37 million bpd. SINGAPORE, March 1- Crude prices dipped on Tuesday as another slump in China's manufacturing sector outweighed overnight reports of falling U.S. and OPEC production and strong oil demand.

  • Feb 26- U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus more on completing their drilled but uncompleted wells instead of drilling new ones. U.S. crude futures were trading over $33 a barrel, putting them on track for their largest weekly gain in seven years, after...

  • MILAN, Feb 26- Italian oil producer Eni said it will cut investments by 20 percent this year and fast-track lower-cost projects after impairments due to weak oil prices resulted in a heavy fourth-quarter loss. On a standalone basis, the state-controlled company which is Europe's fourth-largest oil major by market capitalisation, said its adjusted net loss...

  • Feb 26- The United States turned into a net natural gas exporter for a day after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil on Wednesday. Exports however surpassed 6 bcfd on Wednesday, with about 3.3 bcfd going to Mexico and some 3 bcfd going to Brazil on the Asia Vision LNG tanker from Sabine...

  • MILAN, Feb 26- Italian oil major Eni said it will cut investments by 20 percent this year after impairments due to lower oil prices resulted in a heavy fourth-quarter net loss. Eni posted a net loss in the quarter of 8.46 billion euros which it said was down writedowns of 4.4 billion euros on upstream assets as well as charges on its stake in oil service company...

  • Canada's export agency said on Thursday that the funding would focus on small- and medium-sized enterprises, where it can be most effective helping sustain employment and strengthening the economy. Mairead Lavery, senior vice president, business development, at the EDC said the prolonged downturn in the price of oil had had a profound impact on Canada's...

  • Feb 25- Oilfield services provider Halliburton Co, pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. The company had about 65,000 employees worldwide at the end of 2015, compared with more than 80,000 at Dec. 31, 2014, according to a...