Oil and Gas Oil and Gas Refining

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  • PARIS, May 23- Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement. Workers at a port terminal in Le Havre, northern France, which handles large volumes of imported petroleum products, also voted overwhelmingly to...

  • PARIS, May 23- Oil sector workers of French hardline CGT and FO unions voted on Monday to start a strike at Exxon Mobil's 240,000 barrel-per-day Port Jerome refinery in northern France on Tuesday morning, a statement said. The workers will join the rolling nationwide protest that began in March, aimed at forcing the government to withdraw contested labour...

  • CARACAS, May 19- Venezuela's state oil company PDVSA said its oil output was stable in the first quarter of the year, knocking down reports of declining production due to a cash crunch and shortages, though the company didn't provide figures. Production increases in the extra-heavy crude Orinoco Belt have offset declines in mature fields in the west of the OPEC...

  • HOUSTON/ BUENOS AIRES, May 18- A 1- million-barrel cargo of Nigeria's Bonga medium crude oil is expected to be discharged in Argentina this week, the second crude import by firms operating in the South American country this year to secure oil supplies for their refineries, according to industry sources and Reuters data on Wednesday. But because of quality issues-...

  • *Sweet Pembina crude at $0.75/ bbl premium to WTI. NEW YORK, May 18- In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week, while another blend of Canadian sweet crude oil rallied as concerns grow about supply. Hot and dry weather and strong winds were expected to push the...

  • NEW YORK, May 18- U.S. crude oil stockpiles rose unexpectedly last week even as gasoline and distillate inventories fell more than expected, data from the Energy Information Administration showed on Wednesday. Crude inventories rose 1.3 million barrels in the week to May 13, compared with analysts' expectations for a decrease of 2.8 million barrels and a 1.1...

  • LAUNCESTON, Australia, May 18- China appears to be stockpiling crude oil at a faster pace than the market had expected, taking advantage of low prices but perhaps also pulling forward its demand for imported crude. While China doesn't disclose the amount of crude flowing into strategic storage, an estimate can be made simply by subtracting refinery runs from the...

  • LONDON, May 17- Mexico's oil consumption has started growing again in 2016 after declining for three years between 2013 and 2015.. Mexico is the twelfth-largest oil consumer in the world and second-largest in Latin America after Brazil. U.S. refineries provide more than half of Mexico's gasoline imports, and Mexico accounts for about half of all U.S. gasoline...

  • HOUSTON, May 16- A coking unit at LyondellBasell Industries' Houston refinery is expected to restart between late May and mid-June for the first time since being damaged in an April 8 fire, Gulf Coast market sources said on Monday. "It won't be back by Memorial Day," one of the sources said about the coker referring to the national holiday on May 30.

  • HOUSTON, May 16- A coking unit at LyondellBasell Industries' refinery in Houston is expected to restart between late May and mid-June for the first time since being damaged in an April 8 fire, Gulf Coast market sources said on Monday.

  • ABUJA, May 16- Nigeria's oil production has fallen by almost 40 percent to 1.4 million barrels a day due to militant attacks on facilities in the Delta region, its oil minister said on Monday. Emmanuel Ibe Kachikwu's comments come amid a resurgence of militancy in the southern region which produces most of the crude oil that Nigeria relies on for around 70 percent...

  • NEW YORK/ LONDON, May 16- Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Libyan oil sources told Reuters. The NOC in Tripoli, which is keen to work with a new U.N.-backed unity government to revive Libya's oil production, said...

  • BANGKOK, May 16- U.S. oil firm Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said on Monday. Thailand relies on gas to fuel around 60 percent of its power generation capacity. Chevron aimed to make savings of $500 million in Thailand this year, he...

  • *U.S., China output also down sharply. LONDON, May 16- Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit. Brent crude futures were trading at $48.83 per barrel at 1118 GMT, up...

  • *Major oil exporters Nigeria, Venezuela in crisis. *U.S., China output also down sharply. SINGAPORE/ LONDON, May 16- Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

  • ORANJESTAD, May 13- The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000- barrel-per-day refinery in Aruba, the government of the Caribbean island said on Friday. The agreement involves a 25- year lease that would allow Citgo to operate the refinery after...

  • MEXICO CITY, May 13- Mexico's state-owned oil company Pemex is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants, even selling majority stakes, the firm's financial chief said on Friday. Chief Financial Officer Juan Pablo Newman said in an interview Pemex is seeking private sector expertise to make its six...

  • INTERVIEW- MEXICO'S NATIONAL OIL COMPANY PEMEX OPEN TO HOLDING ONLY MINORITY STAKES IN ITS REFINERIES, SEEKING PARTNERS TO OPERATE AND INVEST IN THEM- CFO.

  • *Delta swamps home to much of Nigeria's oil wealth. YENAGOA/ ABUJA, Nigeria, May 13- They call themselves the Niger Delta Avengers. Little is known about the new radical group that has claimed a series of pipeline bombings in Nigeria's oil-producing region this year and evaded gunboats and soldiers trawling swamps and villages.

  • SINGAPORE, May 13- Asia's refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, ruining margins and dragging down share prices across the region. Singapore's benchmark gasoline margins- long the bright spot for Asia's oil processors amid rock-bottom...