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Commodities trader sues BP, others for alleged price fixing
ReutersMay 23 (Reuters) - A commodities trader has sued BP Plc , Royal Dutch Shell Plc and Statoil in the United States, accusing them of colluding to fix prices in North Sea Brent crude oil. Prime International Trading Ltd, in a proposed class-action lawsuit...Tags: Litigation, Petroleum Industry, Royal Dutch Shell Plc, Crime, Law and Justice, Justice System
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RPT-Sell cheap fuel and profit - Delta Air Lines' refining 101
Reuters* Delta's Trainer refinery could take 50,000 bpd of Bakken crude by end year * Delta eyes chances to ship jet fuel to Midwest markets By Matthew Robinson NEW YORK, May 23 (Reuters) - Making money in the refining business is generally a pretty...Tags: Petroleum Industry, Richard Anderson, Hurricane Sandy (2012), Delta Air Lines, Boeing Co.
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REFILE-RPT-Sell cheap fuel and profit - Delta Air Lines' refining 101
Reuters* Delta's Trainer refinery could take 50,000 bpd of Bakken crude by end year * Delta eyes chances to ship jet fuel to Midwest markets By Matthew Robinson NEW YORK, May 23 (Reuters) - Making money in the refining business is generally a pretty...Tags: Petroleum Industry, Richard Anderson, Delta Air Lines, Hurricane Sandy (2012), Boeing Co.
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U.S. academics back BP in oil spill payouts battle
Reuters* Claims, payout rate may point to charge against profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 23 (Reuters) - A group of U.S. accountancy professors is backing BP's fight to...Tags: Environmental Issues, Elections, U.S. Securities and Exchange Commission, George W. Bush, Oil Spills
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UK, France to join resource transparency initiative -sources
ReutersGENEVA/LONDON, May 22 (Reuters) - The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on...Tags: United Kingdom, American Petroleum, Metal and Mineral, Petroleum Industry, G8
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Manipulation probe draws attention to oil firms' trading desks
Reuters* Disclosure levels at oil majors lags those of secretive traders * Risk appetite bigger at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's...Tags: Economy, Business and Finance, Petroleum Industry, Glencore International AG, International Organizations, Market and Exchange
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Talisman's faulty Yme platform to go in 2014
Reuters* New development plan for Yme field seen in 2014-2015 * No new cost estimate yet for the project - Talisman Energy * Yme costs $2.4 bln so far, nearly triple original costs By Gwladys Fouche OSLO, May 22 (Reuters) - Talisman Energy expects to...Tags: Petroleum Industry, Talisman Energy Incorporated
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CORRECTED-Talisman's faulty Yme platform to go in 2014
Reuters(Corrects 8th para to show that a new development plan would be submitted under certain conditions, Yme costs in 9th para) * New development plan for Yme field seen in 2014-2015 * No new cost estimate yet for the project - Talisman Energy By Gwladys...Tags: Germany, Petroleum Industry, Talisman Energy Incorporated
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BP to invest $2.85 billion in Iraq's largest oilfield
ReutersBASRA, Iraq (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday. Boosting output from Rumaila,...Tags: China, Petroleum Industry, Science and Technology, Iraq, Upstream Oil and Gas Activities
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Rosneft names new managers after former TNK-BP executives quit
ReutersMOSCOW (Reuters) - Rosneft , the state-owned Russian crude producer which earlier this year bought TNK-BP, announced several senior management appointments on Monday after former TNK-BP executives decided to leave positions they had been offered. The...Tags: Vladimir Putin
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Biggest traders helping EU oil probe, not in it: sources
ReutersLONDON (Reuters) - European investigators have asked top trading houses Glencore , Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday. Last week,...Tags: Petroleum Industry, Royal Dutch Shell Plc
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U.S. Senators urge swaps watchdog to rein in oil majors
ReutersBy Douwe Miedema WASHINGTON, May 20 (Reuters) - Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market. As of this...Tags: Lobbying, Petroleum Industry, Bank of America Corp., Dianne Feinstein, Royal Dutch Shell Plc
May 23, 2013
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May 20, 2013
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May 20, 2013
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