BP plans to separate its onshore U.S. assets into a new wholly owned business to improve the competitiveness of its shale gas portfolio there.» Read More
NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota and Federal Reserve Board Governor Jeremy Stein participates in panel to discuss report on interactions between monetary policy and financial stability before the University of Chicago Booth School of Business 2014 Monetary Policy Forum- 1515 GMT.
WASHINGTON, Feb 27- Orders for long-lasting U.S. manufactured goods excluding transportation and a gauge of business spending unexpectedly rose in January, offering hopeful signs for factory activity which has slowed in recent months.
NEW YORK-- Is the anti-obesity message finally getting through? "We're not done yet, but this does show that parents really need to be the commanders of their own ship and manage the food environment for their kids at home," said Keith Ayoob, a registered dietitian and associate professor of pediatrics at Albert Einstein College of Medicine in the Bronx.
NEW YORK/ HOUSTON, Feb 26- Encana Corp and Chesapeake Energy Corp are negotiating civil settlements with the state of Michigan to try to end its criminal investigation into whether the energy companies colluded to keep oil and gas lease prices artificially low in the state.
Feb 25- Rapid growth in moving oil by train in the United States, coupled with a spate of fiery crashes and derailments, has prompted U.S. regulators and railroads to consider new safety measures this year.
LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.
NEW YORK, Feb 21- U.S. natural gas futures edged higher on Friday and rose nearly 18 percent for the week as a severely depleted storage level and projections for yet another bout of freezing weather kept cash prices above $6 per million British thermal units.
Feb 21- Noble Energy Inc has hired investment bank Lazard Ltd to help arrange the sale of its majority stake in a small oilfield that it owns with Sinopec off northeastern China, a person familiar with the situation said.
SYDNEY/ NEW YORK, Feb 21- Vitol SA is buying Royal Dutch Shell's Australian downstream businesses for about A $2.9 billion in its biggest acquisition, as the oil trader looks to grab a share of the country's lucrative oil product market.
NEW YORK, Feb 19- U.S. natural gas futures sprinted past $6 on Wednesday to their highest price in more than five years, ending up nearly 11 percent on forecasts that more late winter cold weather across the United States will increase heating demand and deplete increasingly thin supplies.
Natural gas futures for March delivery settled up 59.8 cents at $6.149 per million British thermal units, after jumping as much as 72.4 cents, or 13 percent, to $6.275 per mmBtu, the highest since December 2008. "This test of $6.00 stinks of speculative involvement," Aaron Calder, senior market analyst with Gelber& Associates in Houston, said in a client note.
NEW YORK, Feb 19- U.S. natural gas futures jumped nearly 13 percent on Wednesday to the highest in more than five years, boosted by forecasts for frigid cold weather across the United States that will further increase gas-fired heating demand and deplete supplies.
*Russia, Iraq oil sales rise more than projected China import growth. *Latin America, Africa volumes to China dropping this year.
Prices will rise even further in 2015 and 2016 as demand for electric generation rises with the shutdown of coal power plants and as exports to Mexico, Europe and Asia increase.
*To move headquarters to Houston from Los Angeles. Feb 14- Occidental Petroleum Corp said it would spin off its oil and gas assets in California into a separately traded company and move its headquarters from Los Angeles to Houston, where it will be closer to its largest U.S. operations.
HONG KONG, Feb 14- Hong Kong- listed oil trader and shipping firm Brightoil Petroleum Holdings has held talks with U.S. oil companies Anadarko Petroleum Corp and Newfield Exploration Co to buy their China operations, sources with knowledge of the matter told Reuters.
NEW YORK, Feb 13- A benchmark index for global commodities hit 10-1/ 2 month highs on Thursday, propelled as natural gas rallied on crippling cold weather, wheat surged on tight supplies and gold jumped on new jitters about the U.S. economy.
HOUSTON, Feb 12- As the debate over the future of Texas's $35 billion electricity market enters a third year with no end in sight, one independent power producer decided not to wait for an outcome, filing for bankruptcy on Wednesday, citing depressed market conditions.
*Coming up: API weekly U.S. inventory report at 4:30 p.m. EST. NEW YORK, Feb 11- Brent oil rose on Tuesday backed by strong gasoline and heating oil prices that were boosted by persistent cold weather in the U.S. and expectations of another large draw in distillates.
Feb 6- Diamond Offshore Drilling Inc reported a better-than-expected profit as the rates it earned for its ultra-deepwater rigs shot up in the fourth quarter. Diamond Offshore also received delivery of a deepwater rig, Chief Executive Larry Dickerson said in a statement.