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  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to take share from U.S. producers.

  • NEW YORK, Oct 14- Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million project- supported by long-term contracts with existing customers- will also include the construction of a new ship dock and other improvements at the Galena Park terminal that will...

  • MEXICO CITY/ NEW YORK, Oct 14- Citigroup Inc said on Tuesday it had uncovered a $15 million fraud at its troubled Mexican unit Banamex related to a security services company the bank operated. Citi said the company was also found to have been offering its services to third parties. Current board members include Banamex President Manuel Medina-Mora as well as top...

  • Oct 9- Global news organization Reuters has asked an Oklahoma court to open courtroom proceedings to the public and unseal trial transcripts of the two-month-long divorce trial of billionaire oilman Harold Hamm and his wife, Sue Ann Hamm. Haralson cited concerns that private business information that might be discussed in the divorce case would harm Hamm's...

  • NEW YORK, Oct 9- World oil prices are set to fall further, extending a months-long rout as Saudi Arabia is unlikely to make deep enough production cuts to erase a growing surplus of supply, according to Gary Ross, chief executive of PIRA Energy Group. Although there are faint signs of improving fundamentals in some physical crude oil markets, any uptick in prices...

  • *Lukoil said difficulties raising financing. IMILORSKOYE FIELD, Russia, Oct 8- Russia's No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather U.S. sanctions over Ukraine. Lukoil, Russia's largest non-state oil company and controlled by Alekperov and...

  • TIOGA, N.D., Oct 1- North Dakota's oil producers will struggle to comply with aggressive rules taking effect on Wednesday designed to curb the wasteful burning of natural gas, hindered by lengthy federal reviews of crucial pipelines. Too few pipelines and a lack of plant capacity to prepare gas for transport means North Dakota flares enough natural gas in one...

  • WASHINGTON, Sept 29- U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.S.

  • *Hungary stops shipping gas to Ukraine, cites higher imports. BUDAPEST, Sept 26- Hungary has secured increased gas imports from Russia's Gazprom, Prime Minister Viktor Orban said on Friday, a day after Hungary's pipeline operator FGSZ stopped shipping gas to Ukraine.

  • Sept 25- Dallas pipeline operator Energy Transfer Partners LP said it would sell convenience stores owned by its subsidiary Sunoco Logistics Partners LP to Susser Petroleum Partners LP in a deal valued at about $768 million.

  • BRUSSELS, Sept 25- European Energy Commissioner Guenther Oettinger said he aimed to propose an interim solution to the gas price row between Russia and Ukraine at talks he is brokering in Berlin on Friday. Russia cut off gas supplies to Ukraine in June because of a row over Ukraine's unpaid gas bill.

  • PARIS, Sept 23- French oil major Total has agreed to sell its 25 percent stake in Cardinal Gas Services, a gas transport company operating in Ohio's Utica shale gas basin, to a group of Korean companies for up to $450 million.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • MILAN/ LUANDA, Sept 22- Angola's liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project's cost to at least $12 billion.

  • *Siemens shares down 0.6 percent, Sulzer down 4.2 percent. FRANKFURT, Sept 22- Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market.

  • ZURICH, Sept 22- Swiss pump maker Sulzer said it had ended talks over a merger with Dresser-Rand Group Inc after Germany's Siemens offered to buy the U.S. oilfield equipment maker for $7.6 billion. "Sulzer has terminated the talks with Dresser-Rand," Sulzer spokesman Verena Goelkel said in an emailed statement on Monday.

  • FRANKFURT, Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens to buy Dresser-Rand for $7.6 bln Sunday, 21 Sep 2014 | 8:22 PM ET

    Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens near deal to buy Dresser-Rand: Sources Sunday, 21 Sep 2014 | 4:18 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash