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  • NEW YORK, May 13- Royal Dutch Shell Plc will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc, Marvin Odum, director of Shell's Americas exploration and production business, said in an interview Wednesday. Still, the London- based major will consider smaller deals in North...

  • Iraqi refinery may be destroyed in battle to save it Wednesday, 13 May 2015 | 4:50 AM ET

    BAGHDAD, May 13- Islamic State militants have dug trenches around natural gas and hydrogen tanks at Iraq's largest refinery, raising the stakes in a battle where the price of victory may be the refinery itself. The Baiji refinery remains contested despite more than 300 coalition air strikes in the vicinity since the Islamist insurgents overran the area last...

  • OSLO, May 12- Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 vessels by up to 11 as global oil and gas firms continue to cut spending after a plunge in crude oil prices dampened activity levels. Subsea 7, which focuses on the North Sea but has a global operation, expects to cuts it workforce by around 2,500 by early...

  • LONDON, May 12- Oil drillers Falkland Oil and Gas and Rockhopper resumed normal drilling work on Monday at the Isobel Deep well in the Falkland Islands following the repair of a blow-out preventer control system, the companies said. "The Isobel Deep well is expected to take approximately 15 days to complete," said Falkland Oil and Gas in a statement.

  • SINGAPORE, May 11- China's appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, analysts and traders say. China's crude oil imports hit a record 7.37 million barrels per day in April, making it the world's biggest...

  • SINGAPORE, May 11- China's appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, traders and analysts say. China's crude oil imports hit a record 7.37 million barrels per day in April, making it the world's biggest...

  • *China cuts interest rates for 3rd time in 6 months. *Permian Basin rig count up for first time in 2015- Baker Hughes. SINGAPORE, May 11- Crude futures were little changed on Monday as moves by China to bolster its flagging economy failed to instil confidence that oil demand in the world's largest energy consumer would improve quickly to absorb a global supply glut...

  • Energy companies increased by one each the number of oil rigs in the Permian basin of West Texas and eastern New Mexico- the biggest and fastest growing U.S. shale oil field- and in the Barnett in Texas. That was the first increase in the Permian since December and the first in the Barnett since March, oil services company Baker Hughes Inc said on Friday.

  • BRUSSELS, May 8- German industrial group Siemens is set to secure unconditional EU approval for its $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand, two people familiar with the matter said on Friday. The acquisition, Siemens' largest ever, will boost the trains-to-turbines group's presence in the United States and the shale exploration boom...

  • NEW YORK, May 8- Brent crude eased while U.S. crude rose in choppy trading, supported by job additions in the United States and the formation of the first named storm in the Atlantic ahead of the official start of the hurricane season. Supportive, especially to U.S. crude, was news that nonfarm payrolls increased 223,000 in the United States in April, even though March...

  • *China's April crude imports up; may be stockpiling. "Though the data showed U.S. crude inventories fell last week, the products inventories were up, so it looks like the crude is just being turned into products," said Dominick Chirichella, senior partner at the Energy Management Institute in New York. Brent June crude was down 81 cents at $64.73 a barrel at 11:02 a.m....

  • LONDON, May 8- Brent crude oil edged higher on Friday as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.90 per barrel at 1402 GMT, up 36 cents, yet on track for a near 1 percent weekly decline. "The report should prove supportive of crude oil prices and produce strong gasoline demand, as employees drive to the...

  • LONDON, May 8- Crude oil prices edged higher on Friday, set for their first weekly decline in more than a month as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.83 per barrel at 1145 GMT, up 29 cents after hitting a session high of $66.01, on track for a 1 percent weekly decline. "The small drop in U.S. production in...

  • *OPEC will not cut output alone- Gulf delegate. SINGAPORE, May 7- Oil prices eased on Thursday after hitting 2015 highs in the previous session, as an OPEC delegate indicated the group would stick to a strategy of pursuing market share rather than cutting output and traders took profits after a multi-week rally. Brent crude was trading 13 cents lower at $67.64 per...

  • May 6- Driller Rowan Cos Plc reported higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs. Rowan's net income more than doubled to $123.7 million, or 99 cents per share, in the quarter ended March 31. Analysts on an average had expected earnings of 70 cents per share and revenue of $533.1 million,...

  • MEXICO CITY, May 5- Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Oilfield services firm Typhoon Offshore, owned by Mexican conglomerate Grupo Salinas and operator of the platform, said in a statement that the platform...

  • RPT-U.S., Canada ready oil train safety measures Friday, 1 May 2015 | 7:00 AM ET

    WASHINGTON, May 1- Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Transportation Secretary Anthony Foxx are expected to demand that railroad companies equip cars...

  • OTTAWA, April 30- The Canadian economy stalled in February as a pickup in the retail sector was offset by a decline in manufacturing and a steep drop in support activities for the mining and energy sector, data from Statistics Canada showed on Thursday. Economists are watching to see how the economy is coping with the drop in the price of oil, a major export for...

  • POLL-Oil prices to stay weak for at least a year Thursday, 30 Apr 2015 | 6:00 AM ET

    *Brent crude oil seen averaging $60/ barrel, WTI $54.40 in 2015. April 30- Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. The price crash has forced some exploration companies to stop drilling for oil and...

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole...