Oil and Gas Storage


  • LONDON, March 13- Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale sector.

  • *Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.

  • *Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tries to export oil from a rebel-controlled port east of Tripoli, in a major escalation of a standoff over the country's petroleum wealth.

  • LUSBY, Md., March 2- Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • *Baghdad hires law firm after Kurds open new pipeline to Turkey. LONDON, Jan 30- The Iraqi government has hired a law firm to target any buyer of what it considers illegally exported Kurdish crude oil, a Baghdad official said, toughening its tactics in a struggle to halt the northern region's drive for economic independence.

  • NEW YORK/ WASHINGTON, Jan 14- The U.S. In a 19- page document that included two dozen questions, the Fed offered a host of reasons for imposing new restrictions in the interests of protecting the safety and soundness of the banking system, invoking incidents among which were BP's Deepwater Horizon disaster and last summer's oil-train tragedy in Quebec.

  • NYMEX-U.S. oil steadies, set for 8 pct annual rise Monday, 30 Dec 2013 | 7:55 PM ET

    SINGAPORE Dec 31- U.S. crude oil futures edged higher on Tuesday, steadying after a fall in the previous session, as data showed that U.S. total fuel demand hit a 26- month high in October while a key Libyan oil export port remained shut. *U.S. crude futures for February delivery gained 7 cents to edge up to $99.36 a barrel by 0034 GMT, against $99.29 on Monday.

  • CALGARY, Alberta, Dec 24- Imperial Oil Ltd has upped its cost estimate for the Mackenzie Gas Project in Canada's far north by about 40 percent because of rising prices for materials and labor, meaning the entire project would cost more than C $20 billion if it goes ahead.

  • Washington, tear down this (oil export) wall: API Monday, 23 Dec 2013 | 1:20 PM ET
    Work at a fracking site.

    The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.

  • Russia to cut Ukraine gas price by one-third Tuesday, 17 Dec 2013 | 10:37 AM ET
    Gas control valves on pipework bringing gas from Russia in Kiev, Ukraine.

    To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.

  • NEW YORK, Dec 15- As a historic oil and gas boom transforms the U.S. energy sector, Wall Street is losing the battle to remain the partner of choice for energy producers and major consumers seeking to protect themselves against volatile prices.

  • BEIJING, Dec 6- A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.

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