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MELBOURNE, Feb 20 (Reuters) - Global giants ExxonMobil Corp and France's Total SA have reached broad agreement on plans to double gas exports from Papua New Guinea, their partner Oil Search Ltd said on Tuesday.
Feb 20 (Reuters) - Australia's Oil Search on Tuesday reported a near threefold rise in annual core profit, underpinned by robust sales and rising oil and gas prices, and outlined a major expansion in Papua New Guinea.
MELBOURNE, Feb 20 (Reuters) - ExxonMobil Corp, Total SA and their partners in gas projects in Papua New Guinea (PNG) have broadly agreed on how they want to expand the PNG LNG project using gas from new and existing fields, Oil Search Ltd said on Tuesday.
VANCOUVER, Feb 19 (Reuters) - British Columbia said on Monday that it will formally challenge a ban of its wine by Alberta under Canada's national free-trade pact, as a battle between the two provinces over a crude oil pipeline expansion project rages on.
By Bruno Federowski SAO PAULO, Feb 19 (Reuters) - Brazilian stocks rose on Monday on thin trading volumes following a heavy batch of corporate updates. The benchmark Bovespa stock index rose 0.3 percent, supported by shares of state-controlled oil company Petróleo Brasileiro SA on the heels of rising crude prices. Shares in electronics and appliance retailer Via Varejo SA rose 1.1 percent following solid fourth-quarter earnings figures. Fibria Celulose SA and Suzano Papel e
PYEONGCHANG, South Korea (Reuters) - Canada's Justin Kripps was closing on his first Olympic gold medal in the two-man bobsleigh final on Monday as German sleds in second and third place threatened to spoil his party with one run left.
BAKU, Feb 19 (Reuters) - U.S. oil major ExxonMobil has acquired 2.5 percent stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said on Monday.
CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.
MEXICO CITY, Feb 16 (Reuters) - The installations of Mexican national oil firm Pemex appear not to have sustained any damage after a 7.2 magnitude earthquake struck southern Mexico on Friday, the company's chief executive said.
HOUSTON (Reuters) - A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output.
SAN ANTONIO, Texas (Reuters) - Texas Senator John Cornyn’s plan to overhaul U.S. biofuels policy faces resistance from the oil and ethanol sectors, reducing chances of a reboot to the controversial regulations, sources familiar with the matter said.
BERLIN (Reuters) - In 2015, with Germany facing turmoil after flinging its doors open to a million refugees, Berlin repurposed a defunct airport to house them, creating an ad hoc village that is the...
MEXICO CITY (Reuters) - When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.
Feb 16 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher at 7,264.8 on Friday, according to financial bookmakers. * VIRGIN MONEY: Virgin Money formed a rare female chair and chief executive team among Britain's top 350 listed companies by hiring former HSBC HSBA.L executive Irene Dorner as chairwoman. * TULLOW OIL: British oil firm Tullow oil has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirem
VANCOUVER, Feb 15 (Reuters) - Canadian regulator National Energy Board (NEB) on Thursday issued rulings that allow Kinder Morgan Canada to do additional construction work on an oil pipeline expansion that is fiercely opposed by the province of British Columbia.
KUALA LUMPUR (Reuters) - An EU decision to curb palm oil imports was the last thing Malaysian Prime Minister Najib Razak needed ahead of a coming election, with rural voters already aggrieved over financial scandals at state-owned palm oil agency Felda.
MEXICO CITY (Reuters) - Mexico's foreign minister will travel to Jamaica, Grenada and Saint Lucia in March, a Mexican official said on Thursday, as part of efforts to erode Venezuela's oil-based influence in the Caribbean.
MEXICO CITY, Feb 15 (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.
WASHINGTON (Reuters) - Hunting by people and habitation destruction by oil palm, paper, logging and mining industries helped drive a startling drop of about 50 percent in the orangutan population on the island of Borneo from 1999 to 2015, scientists said on Thursday.
NEW YORK (Reuters) - Washington state is preparing to reject land leases and easements to stymie the Trump administration's plan to allow oil drilling off its shores, an official of the Pacific northwest state said on Thursday.
DAKAR (Reuters) - Democratic Republic of Congo's oil minister on Thursday defended the country's right to explore for oil anywhere on its territory after media reports that President Joseph Kabila approved drilling in Africa's largest tropical rainforest reserve.
SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.
ATHENS (Reuters) - The World Chess Federation (FIDE) says its Swiss bank accounts have been frozen because its president - with whom the FIDE secretariat is embroiled in a power struggle - is under U.S. sanctions for alleged dealings with the Syrian government.
BERLIN (Reuters) - With inflation paramount in investors' minds at a time of rising wages and oil prices, the line separating winners and losers in the global airline industry this year looks likely to be drawn on how well they manage costs, especially on the labor side.
LONDON/YENAGOA, Nigeria (Reuters) - The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria's Delta region.
LONDON (Reuters) - As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over.
GBAH, Liberia/KUALA LUMPUR (Reuters) - When Malaysia's biggest plantation company Sime Darby leased 220,000 hectares of lush forest in northwest Liberia in 2009, executives said they had found a much needed new frontier in global palm oil development.
(Reuters) - U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.
NEW YORK, Feb 13 (Reuters) - The share of investors holding longer-dated U.S. Treasuries equal to their benchmarks rose to its highest in about four months following last week's market turmoil, JPMorgan Chase & Co's latest client survey showed on Tuesday. Benchmark 10-year Treasury yields hit a four-year high of 2.902 percent on Monday on concerns about rising inflation and increased borrowing to fund more federal spending. The 10-year yield swung in a 24 basis point trading range la
CAIRO (Reuters) - U.S. Secretary of State Rex Tillerson on Monday urged department employees to intervene if they witness sexual harassment, two days after U.S. President Donald Trump expressed sympathy for those accused of harassment and not given due process.
GANGNEUNG, South Korea (Reuters) - Switzerland's Alina Muller almost single-handedly spoiled Korea's Olympic unity moment on Saturday, scoring four goals to power the Swiss to an 8-0 win over Korea's unified women's ice hockey team.
BERLIN (Reuters) - The business wing of Chancellor Angela Merkel's conservatives on Saturday vowed to block certain projects included in this week's coalition agreement with the Social Democrats (SPD), as tensions roiled both political blocs.
VANCOUVER, Feb 9 (Reuters) - Canada's oil-rich province of Alberta ramped up its fight with western neighbor British Columbia over a crude oil pipeline expansion on Friday, announcing a task force to prepare new retaliatory measures in the trade battle. * British Columbia last week provoked the ire from Alberta when it said it would restrict increased oil shipments through the province, a move seen as an attack on Kinder Morgan Canada's Trans Mountain pipeline expansion pro
NEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.
HOUSTON, Feb 9 (Reuters) - Texas oil and gas producers received 1,166 drilling permits last month, a 21 percent increase over year-ago levels, the state energy regulator said on Friday, after filings surged on the back of higher crude prices.
WASHINGTON (Reuters) - Oil drillers that use a method to store carbon dioxide emissions underground to boost crude production, a technique that coal miners and some environmentalists support, got a boost in the budget agreement President Donald Trump signed on Friday.
Pita Taufatofua, the Tongan athlete who became an instant Olympic icon when he emerged shiny and shirtless carrying his country's flag during the Olympic Opening Ceremonies in Rio two years ago, has done it again.
LONDON (Reuters) - Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.
TOKYO (Reuters) - Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.
TOKYO (Reuters) - U.S. oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.
TOKYO (Reuters) - Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil.
NEW YORK/LONDON/SINGAPORE (Reuters) - In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.
SACRAMENTO, Calif. (Reuters) - California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters.
KINGSTON (Reuters) - The United States is closer to deciding whether to impose sanctions on Venezuelan oil, U.S. Secretary of State Rex Tillerson said on Wednesday, at the end of a five-nation tour of Latin America where he discussed the move with regional leaders.
SAN FRANCISCO (Reuters) - Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp's for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.
SACRAMENTO, Calif. (Reuters) - California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters.
MEXICO CITY, Feb 7 (Reuters) - Mexico's state-run oil company Pemex revised its March term pricing formulas for crude oil shipped to customers in the Americas, Europe and the Far East, the company said on Wednesday. The following table lists the adjustments to price constants in the Americas, the U.S. West Coast, Europe and the Far East: DESTINATION FEB CONSTANT MAR CONSTANT ---------------- ---------------- --------------- AMERICAS
SINGAPORE (Reuters) - Oil prices rose on Wednesday amid a share market recovery and supported by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.
GUATEMALA CITY, Feb 6 (Reuters) - Multinational food and beverage company Nestle said on Tuesday that it would stop buying palm oil from a Guatemalan company that has been accused by the country's prosecutor of corruption.