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  • LONDON/ DUBAI, June 12- Shelf Drilling plans to raise at least $500 million in an initial public offering on the London Stock Exchange, joining other Gulf-based oil services firms seeking a listing on the bourse.

  • If the court rules in favor of Halliburton and against a group of shareholders, then the oilfield services company won't be the only business to gain.

  • June 9- Morgan Stanley is selling its controlling stake in oil storage and transport company TransMontaigne Inc to NGL Energy Partners LP for $200 million, essentially ending its long run as the biggest physical oil trader on Wall Street.

  • HOUSTON, June 5- A faulty blowout preventer and weaknesses in how companies analyze potential hazards in offshore oil and gas operations contributed to BP Plc's deadly Gulf of Mexico oil spill more than four years ago, the U.S. Chemical Safety Board said on Thursday. The BP investigation was its first involving an offshore accident.

  • HOUSTON, June 5- A faulty blowout preventer and weaknesses in how companies analyze potential hazards in offshore oil and gas operations contributed to BP Plc's deadly Gulf of Mexico oil spill more than four years ago, the U.S. Chemical Safety Board said on Thursday. The BP investigation was its first involving an offshore accident.

  • *Industry needs long-term contracts- Aker CEO Eriksen. OSLO, June 5- Oil producers must award longer service contracts if they want to cut costs- and should look to Brazil's Petrobras as an example- but they are struggling to change, said the CEO of Norway's Aker, a major shareholder in several energy firms.

  • WASHINGTON, June 4- The Keystone XL oil pipeline would be vulnerable to attacks threatening water supplies for millions of homeowners and farmers, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer.

  • RIO DE JANEIRO, June 3- Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution of the largest bankruptcy in Latin America's history, lawyers said on Tuesday.

  • RIO DE JANEIRO, June 3- A majority of creditors of Brazil's Oleo e Gas Participacoes SA approved the terms of restructuring plan for the bankrupt oil and gas exploration and production company, its lawyers said Tuesday.

  • BRUSSELS, June 2- Russia and Ukraine agreed on Monday to examine a payment plan to settle Kiev's multi-billion gas debts and fix a price for supplies until June 2015, offering the promise of averting an energy crisis over the crucial winter period.

  • MOSCOW, June 2- Russia's Gazprom gave Ukraine on Monday an extension into next week to resolve a gas price dispute at the heart of the two countries' confrontation, a day before Moscow was due to switch off the gas unless Kiev paid in advance.

  • Iran's oil exports turn higher in May -sources Thursday, 29 May 2014 | 1:41 PM ET

    *More oil may be heading to China and Turkey. LONDON, May 29- Iran's crude oil exports increased in May after a decline in April, according to sources who track tanker movements, moving above the level allowed by November's interim deal on curbing Tehran's nuclear programme.

  • Lifting oil export ban would spark U.S. economy - IHS Thursday, 29 May 2014 | 12:11 AM ET

    Only Congress can fully reverse the restraint on exporting crude. Congress put the ban in place after price shocks from the 1973 Arab oil embargo led to the notion that the United States was running out of oil.

  • LONDON, May 28- Brent oil rose on Wednesday, holding above $110 a barrel on renewed optimism about steady demand growth in the United States, the world's top oil consumer, coupled with further disruptions to Libyan supplies. Brent crude gained 23 cents to $110.25 by 0814 GMT after ending 30 cents lower as some profits were booked following a long holiday weekend.

  • *Libya oil guards protest at Hariga port, disrupt operations. SINGAPORE, May 28- Brent futures rose on Wednesday, holding above $110 a barrel on renewed optimism over steady demand growth in the world's top oil consumer the United States following healthy economic data, with supply disruption concerns providing additional support.

  • *Libya oil guards protest at Hariga port, disrupt operations. SINGAPORE, May 28- Brent futures rose on Wednesday, holding above $110 a barrel on renewed optimism over steady demand growth in the world's top oil consumer the United States following healthy economic data, with supply disruption concerns providing additional support.

  • NEW YORK, May 25- Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:.

  • BUENOS AIRES, May 22- Argentina has won the "geological lottery" with its 1,000- foot-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. "The shale play in Argentina is unique because of the rock.

  • *First 1 million barrel cargo being loaded at Ceyhan, Turkey. ANKARA/ ISTANBUL, May 22- Iraqi Kurdistan started loading oil from its new pipeline for shipment from a Turkish port on Thursday, defying the Baghdad government, which claims sole authority over Iraqi crude and declares any independently sold oil as' smuggled'.

  • *Move likely to infuriate Baghdad. ANKARA/ ISTANBUL, May 22- Iraqi Kurdistan started loading oil from its new pipeline for shipment from a Turkish port on Thursday despite a dispute with Baghdad, which claims sole authority over Iraqi oil and declares any independently sold oil as' smuggled'.