The CEO of Royal Dutch Shell, the U.K.'s largest listed company has become the latest chief executive to wade in on the Scottish independence debate.» Read More
WASHINGTON, Feb 27- The Obama administration on Thursday laid out a framework for assessing the amount of crude off the Atlantic coast, another step toward possibly allowing oil production in an area that has been out of reach for decades.
Feb 26- A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it created to compensate commercial fishermen for financial losses after the British company's 2010 offshore oil spill, according to court records.
Feb 26- A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it has created to compensate commercial fishermen for financial losses claimed after the British company's 2010 offshore oil spill, according to court records.
Its clients include Barclays Plc, BP, DuPont, GE and Boeing Co, according to its website. Patton Boggs, with about 400 lawyers, is known for its lobbying on Capitol Hill and, most recently, its representation of New Jersey Governor Chris Christie amid the George Washington Bridge scandal.
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.
*BP expects slight decline in oil output at ACG in 2014. BAKU, Feb 26- A consortium led by British oil major BP plans to invest about $2 billion in its Azeri-Chirag-Guneshli project in Azerbaijan this year where it expects a slight fall in output due to planned maintenance, the company's regional head said.
Eni CEO had threatened to leave Iraq if contracts not signed. *Excessive red tape frustrating investors in Iraq.
LONDON, Feb 25- "Nodding donkeys" floating at sea, water injection, and "outside-in" subsea oil taps that can withstand the pressure found in the chamber of a firing gun are some of the technologies vying to keep the oil pumping in Britain's North Sea.
*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.
*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.
SYDNEY/ NEW YORK, Feb 21- Vitol SA is buying Royal Dutch Shell's Australian downstream businesses for about A $2.9 billion in its biggest acquisition, as the oil trader looks to grab a share of the country's lucrative oil product market.
SYDNEY, Feb 21- Anglo Dutch oil company Royal Dutch Shell said on Friday it has agreed to sell its Australian downstream businesses to oil trader Vitol SA for about A $2.9 billion.
LONDON, Feb 20- The oil industry hopes Norway will bring plenty of new oil onstream to help fix the Brent benchmark as other solutions- such as adding Russian or Nigerian crude to the North Sea mix- pose too many risks, executives and traders said.
Companies are preparing to launch unmanned aircraft in the Arctic this summer to aid in energy exploration, climatology research and shipping.
*Russia, Iraq oil sales rise more than projected China import growth. *Latin America, Africa volumes to China dropping this year.
*Brazil, Gulf of Mexico exploration seen unaffected. Notable exploration failures in high-profile places such as Africa's west coast, from Angola all the way up to Sierra Leone, have pushed down valuations for exploration-focused firms and are now forcing oil majors to change tack.
NEW YORK, Feb 14- Brent oil futures rose in late session trading on Friday, boosted by demand for heating oil ahead of more winter cold and snow in the U.S. Northeast as well as supply disruptions in producers Libya and Angola.
Crude eased on Friday as downbeat U.S. economic data outweighed supply disruptions in Libya and Angola.