SINGAPORE, Nov 30- Brent crude slipped towards $110 per barrel on Friday as critical U.S. budget talks to avert a looming fiscal disaster appeared to have stalled, denting the outlook for oil demand from the world's biggest consumer.
*BP says hopes to reach deal with EPA to resolve suspension. BP and its affiliates are barred from new federal contracts until they demonstrate they can meet federal business standards, the EPA said.
*Restart expected to expand Gulf Coast products inventory. HOUSTON, Nov 28- Motiva Enterprise plans to restart the new crude unit at its flagship Port Arthur, Texas, refinery next week after piping damage shut the centerpiece of a $10 billion expansion shortly after its launch nearly six months ago, people familiar with refinery operations said on Wednesday.
*BP says hopes to reach deal with EPA to resolve suspension. BP and its affiliates are barred from new federal contracts until they demonstrate they can meet federal business standards, the EPA said. The EPA action could complicate BP's plans to grow its production in the Gulf of Mexico, and came just hours before a government auction of offshore Gulf tracts.
HOUSTON, Nov 28- Chevron Corp submitted the highest bid on Wednesday in an auction for drilling rights in the western Gulf of Mexico, while BP Plc decided not to participate even before the U.S. government temporarily banned it from new federal contracts.
HOUSTON, Nov 28- Chevron Corp submitted the highest bid on Wednesday in an auction for drilling rights in the western Gulf of Mexico, while BP Plc sat out of the race after the U.S. government temporarily banned it from new federal contracts.
*Restart expected to begin next week-sources. HOUSTON, Nov 28- Motiva Enterprises plans to begin restarting a crude distillation unit at its 600,000 bpd Port Arthur, Texas, refinery next week after it was shut in June to repair massive corrosion from a chemical leak, sources familiar with the refinery said on Wednesday.
*BP says hopes to reach deal with EPA to resolve suspension. BP and its affiliates are barred from new federal contracts until they demonstrate they can meet federal business standards, the EPA said. An EPA official said government-wide suspensions generally don't exceed 18 months, but can continue longer if there are ongoing legal cases.
HOUSTON, Nov 28- Chevron Corp submitted the highest bid on Wednesday in an auction for drilling rights in the western Gulf of Mexico, while BP Plc sat out of the race after the U.S. government temporarily banned it from new federal contracts.
*Suspension "standard practice" following criminal case- EPA. *BP pleaded guilty over 2010 Gulf of Mexico oil spill. O n Nov. 16, BP agreed to plead guilty to criminal misconduct in the Gulf of Mexico disaster, the worst offshore oil spill in U.S. history, and to pay record penalties of $4.5 billion.
*Entergy "strongly disagrees" with FERC's findings. HOUSTON, Nov 27- A unit of Entergy Corp violated more than a dozen standards in the operation of its four-state electric transmission system, said a preliminary report by the Federal Energy Regulatory Commission's enforcement staff.
HOUSTON, Nov 27- A preliminary report by the Federal Energy Regulatory Commission's enforcement staff said that a unit of Entergy Corp violated more than a dozen standards in the operation of its four-state electric transmission system.
Shares of Marathon rose nearly 3 percent in afternoon New York Stock Exchange trading. The company reported better-than-expected oil and gas production in the Eagle Ford formation in south Texas and the Bakken shale in North Dakota, according to analysts at Houston based energy investment bank Simmons& Co..
HOUSTON, Nov 6- EOG Resources Inc plans to spend less on ``money-losing'' natural gas drilling next year, which will result in lower capital expenditures, the company's chief executive said Tuesday. EOG is drilling for pricier crude oil in basins including the Eagle Ford in south Texas and the Bakken in North Dakota while slowing natural gas drilling.
HOUSTON, Nov 6- EOG Resources Inc plans to spend less on ``money-losing'' natural gas drilling next year, which will result in lower capital expenditures, the company's chief executive said Tuesday.
NEW YORK, Nov 5- On the 19th floor of Consolidated Edison's Manhattan headquarters, the veteran lineman briefing a roomful of 100 out-of-town utility workers had a lot of advice, from the practical to the profane. It was familiar patter for Glenn Nicholas and his co-workers from New Orleans, who had been to New York before to train with Con Edison.
NEW YORK, Nov 5- On the 19th floor of Consolidated Edison's Manhattan headquarters, the veteran lineman briefing a roomful of 100 out-of-town utility workers had a lot of advice, from the practical to the profane. It was familiar patter for Glenn Nicholas and his co-workers from New Orleans, who had been to New York before to train with Con Edison.
Nov 2- Chesapeake Energy Corp's target to pare debt to $9.5 billion or less by the end of the year may be pushed into 2013, along with some deal closings, the company's chief financial officer told analysts on Friday.
Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to a shortage of the fuels and other crude-oil based products they make.
DENVER-- Bill Barrett Corp. said Thursday that it plans to sell some of its natural gas properties to Vanguard Natural Resources LLC for $335 million, part of the oil and gas company's strategy to sell off "lower-growth" assets it doesn't consider central to its business. It posted a loss of $52.6 million, or $1.11 per share, for the quarter.