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  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • SHERBROOKE, Quebec, June 17- A Quebec judge reserved his decision on Wednesday on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and dozens of companies and individuals linked to the crash that killed 47 people. Patrice Benoit, the lawyer representing the defunct railway at the...

  • AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas, bringing heavy rains that flooded streets and snarled transportation in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6 inches over...

  • HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference.

  • Tropical Storm Bill charges across Texas Wednesday, 17 Jun 2015 | 1:01 AM ET

    HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday but no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm...

  • UPDATE 4-Tropical Storm Bill soaks Texas coast Tuesday, 16 Jun 2015 | 6:27 PM ET

    HOUSTON, June 16- Tropical Storm Bill hit the Texas coast with strong rains and high winds on Tuesday though no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm system,...

  • UPDATE 3-Tropical Storm Bill pelts Texas coast Tuesday, 16 Jun 2015 | 3:58 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Forecasters cautioned that tornadoes were possible across much of Texas. The watch area included Houston and central Texas, where floods over Memorial Day...

  • UPDATE 2-Tropical Storm Bill hits Texas coast Tuesday, 16 Jun 2015 | 1:49 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods over the Memorial Day weekend late last month swept over...

  • HOUSTON/ NEW YORK, June 15- Steep downward revisions to oil and gas reserves at the end of this year are likely to increase scrutiny of how energy companies tally future barrels- a process that has become more opaque with the rise of shale drilling. Reserve growth is used at companies, including ConocoPhillips as a component of the chief executive's compensation.

  • HOUSTON, June 11- Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. "With this change, we hope to provide greater value to them through more active participation in the market," Motiva Chief Executive Dan Romasko said in the...

  • June 11- Cenovus Energy Inc said it had resumed normal operations at its Foster Creek oil sands site in Alberta after a forest fire led to a precautionary shutdown on May 23. Canada's No. 2 independent oil producer had evacuated about 1,800 workers and shut down production at the site, which it operates as part of a joint venture with ConocoPhillips.

  • WASHINGTON, June 8- A Republican businessman said on Monday he is pouring millions of dollars into a foundation that sees opportunities where the majority of his fellow party members do not: easing climate change and speeding the country's transition to clean energy. Jay Faison of Charlotte, North Carolina, has given $165 million to Clearpath, his foundation...

  • CALGARY, Alberta, June 8- Canadian Natural Resources Ltd expects two oil sands projects in northern Alberta to return to normal rates of production this week, the company said on Monday, more than two weeks after output was first shut in by wildfires. Fellow Canadian oil company Cenovus Energy Inc also evacuated its 135,000 bpd Foster Creek project in northern...

  • VIENNA, June 8- To hear OPEC ministers in Vienna last week, one would think the cartel's battle for market share is a complete success and oil prices are now firmly anchored where they are. It will take time for markets to rebalance, "was the mantra from OPEC kingpin Saudi Arabia's oil minister Ali al-Naimi and his peers. However, the oil markets have probably become...

  • CALGARY, Alberta, June 4- Production at two of Canada's major oil sands operations remained suspended on Thursday as wildfires continue to rage in northern Alberta. Cenovus Energy Inc's 135,000 barrel per day Foster Creek oil sands project and Canadian Natural Resources Ltd's 80,000 bpd Primrose site have been shut for a week after staff were evacuated when a...

  • VIENNA, June 4- The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S. firm ConocoPhillips told a seminar organised by oil-producing group OPEC. OPEC chose instead to fight for market share, betting that a price drop would depress output in higher-cost producers such...

  • CALGARY, Alberta, June 2- The threat of wildfires to oil sands projects in northeastern Alberta eased on Tuesday as two companies forced to evacuate staff from the region began checking equipment abandoned for more than a week, though production has not yet resumed. Canadian Natural Resources Ltd said on Tuesday its staff are making safety checks at its...

  • HOUSTON, May 27- Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the...

  • CALGARY, Alberta, May 25- A wildfire raging in northeastern Alberta has shut down around 233,000 barrels per day of production at three oil sands projects and is expected to remain out of control for "some while yet," a provincial government spokesman said on Monday. Over the weekend, Cenovus Energy Inc and Canadian Natural Resources Ltd evacuated staff and halted...