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
Feb 5- Marathon Oil Corp said on Wednesday its quarterly profit fell and the U.S. oil and gas company saw a 23 percent decline in the price for its Canadian crude. The Houston company had a fourth-quarter profit of $375 million, or 54 cents per share, compared with $569 million, or 80 cents per share in the prior quarter.
Feb 5- Marathon Oil Corp said on Wednesday its quarterly profit fell and the U.S. oil and gas company saw a 23 percent decline in the price for its Canadian crude. The Houston company had a fourth-quarter profit of $375 million, or 54 cents per share, compared with $569 million, or 80 cents per share in the same period a year earlier.
Feb 5- Swiss trader Mercuria has become the front-runner to buy the physical commodities unit of JPMorgan Chase& Co, one of the most powerful oil and metals desks on Wall Street, two sources told Reuters.
HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, its first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.
HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, the first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.
WASHINGTON, Jan 31- Leaders of U.S. cities and states criticized bank regulators' proposal to block banks from counting municipal debt toward buffers of easy-to-sell assets they will have to hold in case of a credit crunch.
*Fourth-quarter profit $1.56/ shr vs est. Jan 31- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected adjusted quarterly profit, boosted by strength in its business that helps prepare oil and gas wells for production.
LOS ANGELES, Jan 31- Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits for more truckers to embrace the switch to the cheap and cleaner-burning fuel.
Jan 30- A U.S. safety agency blamed Tesoro Corp. for an explosion at a refinery in Washington state that killed seven workers in 2010, saying in a draft report released on Thursday that the company had failed to identify the damage hydrogen was causing to steel components.
*China slowdown caps Brent gains. NEW YORK, Jan 30- U.S. crude oil rose about $1 on Thursday after government data showed solid economic growth in the fourth quarter of last year and as cold weather was expected to boost oil demand. Brent crude traded slightly higher, boosted by concerns over supply interruptions from Libya and expected declines in OPEC production.
*Regional economic pillars Ghana, Ivory Coast facing gas shortages. ABIDJAN, Jan 30- Ivory Coast and Ghana are planning talks with liquefied natural gas exporters Nigeria and Equatorial Guinea to create a regional gas company to address a looming power crunch, Ivory Coast's energy minister said.
Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, said on Thursday its fourth-quarter profit rose more than expected, helped by the sale of its Algerian business and production of more North American crude oil.
Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, on Thursday said its fourth-quarter profit rose with help from the sale of its Algerian business and lower taxes. Profit in the quarter was $2.5 billion, or $2.00 per share, compared with $1.4 billion, or $1.16 per share, a year earlier.
TORONTO, Jan 29- Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes.
HOUSTON, Jan 29- Marathon Petroleum Corp, Valero Energy Corp and Phillips 66, the three largest U.S. independent refiners, reported quarterly results on Wednesday that topped Wall Street estimates as cheaper crude prices on the Gulf Coast helped profits.
Jan 27- Southwest Airlines Co said on Monday it will start flights to Aruba, the Bahamas and Jamaica in July, its first flights outside the continental United States under the Southwest brand.
Jan 24- Natural gas was the biggest gainer among commodities last year but the hedge fund that has historically led gains in the space had its first losing year, and many others were down double-digits after being on the wrong side of the market.
China's economic woes and political problems in Turkey, Argentina and Ukraine drove U.S. stock markets down, with the S&P 500 on track to post its worst drop in more over two months. Oil products rose sharply on bitter cold in the United States that sapped stockpiles of crude and distillates there and drew heating oil imports from Europe, Russia and Asia.
NEW YORK, Jan 24- Millions of Americans are feeling the pinch of a propane shortage this week as brutal cold exposes the supply vulnerabilities of a fuel that heats homes, schools and businesses across wide swathes of the United States.
NEW YORK, Jan 24- A propane shortage is affecting millions of Americans this week as brutal cold exposes the vulnerabilities of a network responsible for heating homes, schools and businesses across wide swathes of the United States.