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  • *Tainted material to be removed in days- Imdex. *Imdex may have one other customer using tainted product. Origin said the supplier of some of its drilling fluids, Australian Mud Company, owned by Imdex Ltd, had found that its imported walnut-shell based product Nutplug contained asbestos.

  • World Bank panel rejects Venezuela's appeal over Conoco Wednesday, 12 Mar 2014 | 11:08 PM ET

    CARACAS, March 12- A World Bank panel has rejected Venezuela's request for a new hearing to contest a 2013 partial ruling that it failed to act in good faith regarding negotiations to compensate U.S. oil company ConocoPhillips for expropriations. It also limited the scope of ConocoPhillips' claims by excluding future tax credits.

  • MELBOURNE, March 13- Origin Energy, in charge of coal seam gas drilling for the Australia Pacific liquefied natural gas project, said on Thursday it had stopped work at 12 sites in Queensland state as asbestos had been found in drilling fluids it was using.

  • MELBOURNE, March 13- Origin Energy, in charge of coal seam gas drilling for the Australia Pacific liquefied natural gas project, said on Thursday it had stopped work at 12 sites in Queensland state as asbestos had been found in drilling fluids it was using.

  • ASTANA, March 7- Kazakhstan is suing foreign oil majors developing its huge Kashagan oilfield in the Caspian Sea, a tactic similar to those that secured the government large stakes in two of the three multinational energy projects on its territory.

  • LONDON, Feb 21- U.S. liquefied natural gas by the end of the decade is likely to challenge Russian gas for market share in Europe as the region becomes increasingly dependent on imports, ConocoPhillips' head of LNG trading said.

  • Scanning for profit: Drones invade the Arctic Thursday, 20 Feb 2014 | 9:00 AM ET

    Companies are preparing to launch unmanned aircraft in the Arctic this summer to aid in energy exploration, climatology research and shipping.

  • MOSCOW, Feb 19- Lukoil, Russia's No.2 oil producer, posted worse-than-expected net profit in 2013, hit by write-offs at some major projects it once touted as the breakthrough finds to boost earnings.

  • Buffett's Berkshire trims some stock stakes Friday, 14 Feb 2014 | 6:09 PM ET
    Warren Buffett

    The company eliminated its holdings of Dish Network and GlaxoSmithKline, and trimmed its holdings in several other names.

  • Feb 13- Cenovus Energy Inc said on Thursday it will take longer than expected to bring its Foster Creek oil sands project in Alberta to its full production rate as the company delayed optimization work until after an expansion is completed.

  • Feb 13- Canadian oil and gas producer Cenovus Energy Inc's fourth-quarter operating profit fell short of analysts' estimates as production at its Foster Creek oil sands project in northern Alberta dropped 11 percent.

  • ABUJA, Feb 12- Commodity trading houses Glencore and Mercuria are among the shortlisted consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that three oil majors are selling, sources close to the process say. Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades.

  • Big Oil sings the blues as US gushes oil, gas Friday, 31 Jan 2014 | 11:32 AM ET

    The world's largest consumer of energy is producing oil and gas hand over fist. Judging by some of Big Oil's earnings results, you couldn't tell.

  • HOUSTON, Jan 30- Oil producer ConocoPhillips outshone larger competitors on Thursday with a quarterly profit that beat expectations as it moved to overcome the problems of high costs and lack of fresh reserves that have nagged at Exxon Mobil Corp and Royal Dutch Shell.

  • UPDATE 2-Conoco profit beats estimates, asset sales help Thursday, 30 Jan 2014 | 10:38 AM ET

    Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, said on Thursday its fourth-quarter profit rose more than expected, helped by the sale of its Algerian business and production of more North American crude oil.

  • Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, on Thursday said its fourth-quarter profit rose with help from the sale of its Algerian business and lower taxes. Profit in the quarter was $2.5 billion, or $2.00 per share, compared with $1.4 billion, or $1.16 per share, a year earlier.

  • ConocoPhillips quarterly profit higher on asset sales Thursday, 30 Jan 2014 | 7:19 AM ET

    Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, on Thursday said its fourth-quarter profit rose, helped by the sale of its Algerian business and other assets. Profit in the quarter was $2.5 billion, or $2.00 per share, compared with $1.4 billion, or $1.16 per share, a year earlier.

  • *Capital spending to fall to $37 bln from $46 bln. LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell assets, cut spending and freeze a controversial Arctic drilling programme to improve returns after a major profit warning.

  • UPDATE 2-Shell to cut spending and step up disposals Thursday, 30 Jan 2014 | 4:05 AM ET

    LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell off assets, cut spending and freeze a controversial Arctic drilling programme in a new focus on returns following a major profit warning.

  • Traders anxious ahead of pivotal week on Wall St. Sunday, 26 Jan 2014 | 3:01 PM ET
    Traders on the floor of the New York Stock Exchange.

    Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.

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