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  • Feb 28- Citigroup Inc said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The announcement comes after Citigroup shares have fallen in recent weeks on concerns that slowing growth in emerging markets may reveal bad loans, as well as increase the risk of trading losses.

  • Feb 28- Citigroup Inc said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million.

  • PARIS, Feb 27- GDF Suez took a 15 billion euro writedown in 2013, mainly for gas storage and gas power plants whose value was hit by a price slump, but new dividend and profit guidance for the years ahead lifted its share price.

  • SINGAPORE/ MELBOURNE, Feb 26- Australia is turning into a playground for global oil traders, who are snapping up storage tanks and terminals as they bet on it to become Asia's top importer of oil products as demand rises and old, inefficient refineries close.

  • CORRECTED-Weatherford to hive off non-core businesses Tuesday, 25 Feb 2014 | 7:13 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.

  • Weatherford to hive off non-core businesses, cut jobs Tuesday, 25 Feb 2014 | 6:10 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.

  • *UK could lose out on 200 bln pounds without new rules. LONDON, Feb 24- Britain said it would create a new oil and gas regulator which will help UK explorers speed up their search for hard-to-access fossil fuel resources in a bid to counter plunging North Sea production rates.

  • LONDON, Feb 24- Britain urgently needs oil and gas companies to pay the bulk of costs for a new regulatory body to encourage industry collaboration and counter plunging North Sea production rates, it said on Monday after the first review of the sector in more than 20 years.

  • *Britain keen to show Scots it cares about industry. LONDON, Feb 24- The British government on Monday promised to make it easier and quicker to unlock hard-to-extract North Sea gas and oil as part of its efforts to persuade Scotland to remain part of the United Kingdom.

  • LONDON, Feb 24- Britain urgently needs its oil and gas companies to pay for a new regulatory body to encourage industry collaboration and counter plunging North Sea production rates, a government review, the first since the mid-1990s, said on Monday.

  • LONDON, Feb 24- Britain's oil and gas industry should pay for the creation of a new regulator which would help companies extract as much oil and gas as possible from North Sea fields, a government-commissioned report said on Monday.

  • Feb 24- Chesapeake Energy Corporation said it is pursuing strategic alternatives for its oilfield services division, including an outright sale or a potential spin off to Chesapeake shareholders.

  • MOSCOW, Feb 20- Eurasia Drilling Company, Russia's largest provider of onshore drilling services, will buy back global depository receipts worth up to $200 million in the six months starting from April 2, it said on Thursday. The company did not give a reason for the move. Since then, Eurasia's GDRs have lost a quarter of their value to trade at $28.30 on Thursday.

  • The autonomous region's prime minister and top energy official travelled to Baghdad earlier this week, intensifying efforts to settle the long-running dispute over exports of oil from Kurdistan via a new independent pipeline to Turkey.

  • BAGHDAD, Feb 19- Iraqi Kurdistan has agreed to export crude via the country's main oil marketing body, Deputy Prime Minister for energy Hussain al-Shahristani said on Wednesday, potentially removing a major sticking point in a row with the central government.

  • --Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Feb 17- China's record imports of crude oil in January have largely, and correctly, been dismissed by the market as being artificially boosted by restocking ahead of the Lunar New Year holidays.

  • HONG KONG, Feb 14- Hong Kong- listed oil trader and shipping firm Brightoil Petroleum Holdings has held talks with U.S. oil companies Anadarko Petroleum Corp and Newfield Exploration Co to buy their China operations, sources with knowledge of the matter told Reuters.

  • NYMEX-U.S. crude slips on weak economic data Thursday, 13 Feb 2014 | 7:38 PM ET

    *U.S. crude for March delivery fell 13 cents to $100.23 by 0030 GMT after closing at $100.35 on Thursday. *Libya's oil output dropped to 460,000 barrels per day on Thursday after protesters shut down pipelines from the El Wafa and El Sharara oilfields, the National Oil Corporation said on Thursday.

  • With DC stalled, states are making their own rules Friday, 7 Feb 2014 | 10:35 AM ET
    Anti-fracking activists demonstrate in New York City.

    Gridlock in Washington on fracking, the minimum wage, and immigration force states to make their own rules. Fiscal Times reports.

  • Feb 7- Antero Resources Midstream LLC filed with U.S. regulators to raise up to $500 million in an initial public offering of its common stock. Antero Resources Midstream, formed by Antero Resources Corp, owns, operates and develops midstream energy assets including pipelines, compressor stations and fresh water distribution systems.