Australia has several characteristics conducive for commercializing its shale-rich regions.» Read More
HOUSTON, Jan 22- Lifting the U.S. ban on crude exports would give refiners more flexibility to run a variety of grades and help narrow the gaping U.S. trade deficit, a Phillips 66 official said on Wednesday as did former Secretary of State James Baker.
"I would be surprised if you saw Iran shooting quickly to the top of the list of attractive markets, although it may be attractive for certain manufactured goods companies in the short to medium term," said a Western business consultant who works with many of the world's biggest companies.
The "Fast Money" traders share their final trades of the day.
Jan 16- Alaska has signed an agreement with major oil and gas firms to build an 800- mile pipeline to bring natural gas from the state's North Slope to a proposed export plant and on to Asia.
Jan 16- Alaska has signed an agreement with major oil and gas firms to bring stranded gas reserves to market by building a pipeline to connect with a proposed liquefied natural gas terminal.
ALMATY, Jan 15- A consortium developing Kazakhstan's giant Kashagan oilfield, which was shut down in October due to pipeline leaks, said it expects by next month to have the results of steel tests and inspections needed to establish a date for output to resume.
LONDON, Jan 13- U.S. oil firm Chevron Corp will go ahead with the development of the Alder gas field off the coast of Britain, helping to boost investment in the region and adding to its future production outlook.
Jan 6- CHC Group Ltd, the world's largest commercial helicopter services provider, said it expects to raise up to $529 million in an initial public offering.
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.
DOHA, Dec 23- Qatar wants to help Iran to develop its share of the world's biggest gas field so both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum say.
Amid the first thaw in relations between Iran and the United States in decades, powerful oil companies are opting for an unusual tactic: silence.
WASHINGTON, Dec 22- As debate rises in Washington over the first thaw in relations between Iran and the United States in decades, powerful oil companies are opting for an unusual tactic: silence.
HOUSTON, Dec 19- On a wall inside an old hunting lodge in west Texas that Apache Corp uses as a field office, a board lists the winners of $10,000 prizes given to workers with big ideas to cut costs- the new way to get ahead in North America's shale oil industry.
LONDON, Dec 18- Oil company BP Plc announced a major oil discovery at its Gila prospect in the deepwater U.S. "The Gila discovery is a further sign that momentum is returning to BP's drilling operations and well execution in the Gulf of Mexico," said Richard Morrison, Regional President of BP's Gulf of Mexico business.
"Coal is abundant and geopolitically secure, and coal-fired plants are easily integrated into existing power systems," Van der Hoeven admitted. Coal power plants are simple and cheap to build, and produce a predictable and reliable flow of electricity on demand.
*Document-heavy bills of lading slow and cumbersome. LONDON, Dec 10- When importing a single cargo by sea requires an average of 36 original documents and 240 copies from 27 parties, the only wonder is that it has taken so long for trade houses and miners to embrace electronic shipping documents.
DUBAI, Dec 9- Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Dec 6- ConocoPhillips, the largest independent oil and gas company, said on Friday that it expected to spend $16.7 billion next year, with more than half earmarked for shale projects in North America.
Dec 6- ConocoPhillips, the largest independent oil and gas company, said on Friday that it expected to spend $16.7 billion next year, with more than half earmarked for projects in North America.
*Storm kills two in Britain, one in Denmark. BERLIN/ LONDON Dec 5- Hurricane-force Storm Xaver blasted towards mainland Europe on Thursday after cutting transport and power in northern Britain and killing three people in what meteorologists warned could be the worst storm to hit the continent in years.