As regulators crack down on natural gas flaring in North Dakota, energy companies are scrambling to meet the rules.» Read More
STAVANGER, Norway, Aug 27- The rate of oil discoveries continues to disappoint after a record low last year and firms could even cut their exploration budgets to save on costs, a risk to long-term supplies and prices, industry executives said.
*Russia and China balk at deepwater oil exploration. HAVANA, Aug 11- Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.
KIEV, Aug 11- Ukraine said European companies would have to agree on a major revision of gas contracts with Russia if Kiev slaps sanctions on Moscow and Gazprom, a measure that may lead to disruption in gas transit to Europe.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
CALGARY, Alberta, July 25- Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska, a World Wildlife Fund study showed on Friday. The remote Beaufort Sea is a section of the Arctic Ocean that spans the Canada- U.S. border.
MOSCOW, July 18- Top Russian oil producer Rosneft said it would continue to work on existing projects and agreements and honour its obligations despite U.S. sanctions slapped on the company over Moscow's role in the Ukraine crisis.
-BP obtained a 19.75 percent stake in the Kremlin-controlled company as part of a deal that saw the British firm sell Rosneft its stake in the Anglo-Russian oil producer TNK-BP for $55 billion last year. BP's head Robert Dudley, a U.S. citizen, sits on Rosneft's board.
NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.
*Sweden peppered with buying opportunities- fund managers. Sweden is also peppered with overlooked restructuring plays such as Husqvarna, a maker of lawnmowers and chainsaws, or lock-maker Assa Abloy, which offers exposure to the United States and Europe at an attractive valuation, according to some fund managers.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
LONDON, July 10- Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.
KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 26- The gap between perception and myth in liquefied natural gas is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.
The CFO of Statoil has defended the company's plans to slash spending, a day after Norway's central bank warned of a drop in oil investment.
*Telenor stake for sale worth $7.1 billion. OSLO, June 19- Norway's government will ask parliament for the right to cut its stakes in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on Thursday.
MOSCOW, June 17- Norway's Statoil could increase gas supplies to the European Union but would not be able to replace Russian gas, CEO Helge Lund said on Tuesday, a day after Moscow cut off supplies to Ukraine over a price dispute.
Helge Lund, CEO of Statoil, says despite the tensions between Ukraine and Russia and concern over energy supply, European gas looks credible in the long-term.
*CCI hires Singapore- based trader for naphtha- mkt sources. *Firm currently trades fuel oil, petchem from Singapore. SINGAPORE, June 17- U.S. company Castleton Commodities International LLC is expanding its oil product trading in Asia to include naphtha, market sources said.
*Iraq crisis, chance of early UK rate hike hit sentiment. LONDON, June 13- Major European stock indexes ended lower on Friday, with British equities slipping on the possibility of an early rate hike and travel stocks hurt by concern the Iraq conflict will raise oil prices.