European stocks closed lower on Monday following weak industrial production data for Germany, which stoked fears of a slowdown in Europe's largest economy.» Read More
July 2- Energy utility UGI Corp said it reached an agreement in principle to buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. UGI distributed about 600 million retail gallons of LPG throughout Europe in fiscal 2013, including more than 250 million retail gallons of LPG by its unit Antargaz in France.
July 2- Energy utility UGI Corp said on Wednesday it would buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. Total's French LPG business distributed over 265 million retail gallons in 2013, serving residential, commercial, industrial and autogas customers. Other terms of the deal were not disclosed.
BRASILIA, June 24- Brazil plans to sign over additional production rights to four fields that hold an estimated 10 billion to 14 billion barrels of oil directly to Petrobras, the National Energy Policy Council said on Tuesday, extending the state-run company's existing rights in the fields off the southeast coast.
SOFIA, June 18- Bulgaria must push ahead with the Russian-backed South Stream gas pipeline project only if it complies with all European Union laws, opposition leader Boiko Borisov, the front-runner to be the next prime minister, told Reuters on Wednesday. The proposed pipeline to bring Russian gas under the Black Sea to Europe will make landfall in Bulgaria.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said. Spending by major oil companies is expected to remain flat this year, Barclays said in a report on Wednesday.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said.
The "Fast Money" traders share their final trades of the day.
*Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose modestly on Tuesday supported by instability in Libya, pulling U.S. oil for July delivery higher in spite of expectations for an increase in domestic stockpiles.
*Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose on Tuesday supported by instability in Libya, while U.S. oil for June delivery slipped lower as expectations for an increase in domestic stockpiles added buying pressure on the contract's last day of trading.
SYDNEY, May 5- Australian gas firm WestSide Corp Ltd on Monday rejected as undervalued a takeover offer from China's diversified energy company Landbridge Group Co Ltd that valued the company at A $177.6 million.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
April 21- Here are some key dates in Enbridge Inc's bid to build a 525,000- barrel-per-day pipeline from the Alberta oil sands hub of Edmonton to Kitimat, British Columbia, on Canada's Pacific Coast. March 6, 2002- Enbridge says it is sketching out plans for a pipeline from northeastern Alberta to Canada's West Coast.
European shares closed lower on Tuesday, as Ukraine worries and fears about slowing demand in China weighed on stocks.
Australia has several characteristics conducive for commercializing its shale-rich regions.
Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.
RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.
The unfolding crisis in Ukraine, which is locked in dispute with gas giant Gazprom, is of “utmost importance” to the world’s natural gas market, says the head of the International Gas Union.
European stock markets closed mixed on Thursday.
*Russia's gas supply relation to Europe would not easily break down. GOYANG, South Korea, March 24- Tension between Russia and the West may spur the U.S. to speed up approvals for more projects to export gas, said the head of a UK- based unit of France's Total group, as Europe looks for other sources of fuel supply.
March 10- SunPower Corp will launch the first tranche of its bonds backed by solar assets in the second half of the year, Chief Executive Thomas Werner told Reuters. SunPower's plan to launch notes backed by leases associated with its solar projects comes after SolarCity Corp became the first company to offer solar securities last year.