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Oil and Gas Oil and Gas Refining

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  • SINGAPORE, Feb 16- Oil prices steadied on Monday as Japan's economy emerged from recession and as strong demand for refined products translated into healthy orders for crude. Japan's economy rebounded from recession in the final quarter of last year, supporting oil prices, even though the data was weaker than expected. Benchmark Brent crude futures were...

  • NYMEX-Oil extends gains, Brent hits 8-week high Sunday, 15 Feb 2015 | 7:07 PM ET

    TOKYO, Feb 16- U.S. crude futures rose for a third straight session, while Brent hit an eight-week high above $62 a barrel after another drop in the U.S. rig count signaled the pressure producers face from low oil prices. *NYMEX crude for March delivery was up 43 cents at $53.21 a barrel by 2353 GMT, after settling up $1.57 on Friday. *London Brent crude for April delivery...

  • TOLEDO, Ohio, Feb 15- U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts and some employees say raises concerns over safety and operations. At the 135,000 barrel-per-day refinery just outside of Toledo, Ohio, run by BP Plc and Husky Energy Inc, most of the...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • Feb 13- The United Steelworkers union and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. "We're still fulfilling the information request from the USW and looking forward to resuming negotiations next week," said Ray Fisher, spokesman for Shell Oil Co, the U.S. arm of...

  • RIO DE JANEIRO, Feb 13- Brazil's oil regulator, the ANP, ordered state-run oil company Petrobras to study ways to boost output on a floating natural gas and oil production ship a week before a deadly explosion on Wednesday, according to agency documents. Studying ways to reduce unused production capacity on the Cidade de Sao Mateus, a floating production, storage...

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...

  • LONDON, Feb 12- French oil major Total has announced plans to halve capacity at its Lindsey refinery on Britain's North Sea coast as part of an overhaul of downstream activities intended to address overcapacity in the European refining sector. Of the six refineries still operating in Britain, Lindsey was most at risk of closure or capacity reduction, as shown in...

  • PARIS/ LONDON, Feb 12- Total will cut capacity and jobs at its Lindsey refinery in Britain, the French oil major said on Thursday, as the group adapts to weak demand for fuel in Europe and rising competition from overseas. European refiners have been struggling with overcapacity as the region's petrol and diesel consumption has declined over the past decade, while...

  • "In our experience, it is difficult to imagine the missing surviving," said Jose Maria Rangel, head of Sindipetro-NF, Brazil's largest offshore oil union. The toll of dead and injured was confirmed by the union, Petroleo Brasileira SA, as the company is known, and Brazil oil industry regulator ANP. The FPSO, owned by Norway- listed ship leaser BW Offshore Ltd, also...

  • RIO DE JANEIRO, Feb 11- At least three oil workers were killed and 10 were injured in an explosion on Wednesday at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA. The ensuing fire was quickly contained and the platform has been stabilized, Brazil's oil regulator ANP said in a statement.

  • HOUSTON, Feb 11- A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning. A USW spokeswoman said the union was ready to continue talks with Shell Oil Co, the lead negotiator for U.S. refinery owners. "We're open for...

  • Feb 11- TransCanada Corp rejected the U.S. Environmental Protection Agency's inference that its Keystone XL pipeline would help increase the rate of oil sands production even at lower oil prices, and raise greenhouse gas emissions. "TransCanada disagrees with any suggestion that the Department of State has not fully and completely assessed the...

  • LAUNCESTON, Australia, Feb 11- One of the persistent themes in the letter pages of my local newspaper is why, if crude oil prices have halved in the past eight months, am I still paying so much for petrol to fill my car? There a few broad trends that can be identified, and they aren't unique to Australia, affecting many countries across Asia. In some cases, such as China and...

  • HOUSTON, Feb 10- The United Steelworkers union said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by the union. The USW said lead oil company negotiator Royal Dutch Shell Plc failed to bring experts and information as...

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • Are labor disputes holding the US economy hostage? Monday, 9 Feb 2015 | 10:52 AM ET
    Ships gather off the ports of Los Angeles and Long Beach, Calif., as a sailboat makes it way past them in this aerial photo taken Feb. 6, 2015.

    Labor standoffs at refineries and West Coast ports are not relenting. Is this a sign of a strengthened economy or will it hurt it instead?

  • BENGHAZI/ TRIPOLI, Libya, Feb 9- Libya was trying to end a strike at the port of Hariga so that it can reopen the country's last working onshore export terminal there and prevent the closure of its largest still functioning oilfield, officials said on Monday. On Saturday, Libya shut most operations at the eastern port, located near the border with Egypt, after...

  • HOUSTON, Feb 7- The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc's Whiting, Indiana, refinery and the company's joint-venture refinery with Husky Energy in Toledo, Ohio, shortly after 12 a.m. local time on Sunday would...