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100 Articles About upstream

environmentNews reuters.com

World Bank says will cease financing upstream oil and gas after 2019

PARIS (Reuters) - The World Bank said on Tuesday it will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances.

companyNews reuters.com

UPDATE 2-Dover to spin off upstream energy businesses after Loeb push

* Dover to record $60 mln-$65 mln in restructuring costs (Adds background, details about the spin off, shares)

companyNews reuters.com

UPDATE 1-Dover to spin off upstream energy businesses

Dec 7 (Reuters) - U.S. industrial equipment maker Dover Crop said on Thursday it plans to spin off its upstream energy businesses into a standalone, publicly traded company, following a strategic review announced in September.

businessNews reuters.com

Aramco plans to spend $300 billion over 10 years in upstream oil and gas: CEO

ABU DHABI (Reuters) - Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.

companyNews reuters.com

BRIEF-Ophir awarded upstream construction contract

* OPHIR EQUATORIAL GUINEA (BLOCK R) LTD, HAS AWARDED UPSTREAM CONSTRUCTION CONTRACT FOR FORTUNA FLNG PROJECT TO SUBSEA INTEGRATION ALLIANCE

companyNews reuters.com

Kazakhstan's Tengizchevroil H1 oil output rises to 14.6 mln tonnes

ALMATY, Aug 14 (Reuters) - Kazakh upstream venture Tengizchevroil produced 14.6 million tonnes (116 million barrels) of oil in the first half, it said on Monday, up from 14.4 million tonnes (114.8 million barrels) a year earlier.

companyNews reuters.com

UPDATE 1-Suncor Energy reports second-quarter profit, ups capital budget

CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday due to stronger crude oil prices and increased production from some upstream assets and refining operations.

companyNews reuters.com

Suncor Energy reports second-quarter profit

CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday as a result of stronger crude oil prices and increased production from its upstream assets and refining operations.

companyNews reuters.com

UPDATE 1-Qatar Petroleum says business as usual despite diplomatic rift

RIYADH, June 10 (Reuters) - Qatar Petroleum(QP) said on Saturday that it was conducting "business as usual" throughout its upstream, midstream and downstream operations, despite rising diplomatic tensions with its Gulf neighbours.

companyNews reuters.com

Qatar Petroleum says business as usual despite diplomatic rift

RIYADH, June 10 (Reuters) - Qatar Petroleum(QP) said in a statement on Saturday that it was conducting "business as usual" throughout all upstream, midstream and downstream operations, despite rising diplomatic tensions with its Gulf neighbours.

companyNews reuters.com

Kazakhstan's Tengizchevroil Q1 oil output slightly down to 7.3 mln tonnes

ALMATY, May 16 (Reuters) - Kazakh upstream venture Tengizchevroil produced 7.3 million tonnes (58 million barrels) of oil in the first quarter, it said on Tuesday, down from 7.4 million tonnes a year earlier.

companyNews reuters.com

Tokyo Gas buys 30 pct stake in Castleton's Texas gas unit

TOKYO, May 8 (Reuters) - Japan's biggest city gas supplier Tokyo Gas Co said on Monday it has acquired a 30 percent stake in a subsidiary of Castleton Commodities International LLC, its first equity investment in a U.S. upstream company.

companyNews reuters.com

BRIEF-Chevron Q1 earnings per share $1.41

* Chevron corp - international upstream operations earned $1.4 billion in q1 2017, compared with a loss of $609 million a year earlier.

companyNews reuters.com

UPDATE 1-Brazil court suspends license for Belo Sun gold project

RIO DE JANEIRO, April 12 (Reuters) - A Brazilian court suspended the license for Toronto-based Belo Sun Mining Corp to set up a gold mine just upstream from the massive Belo Monte hydroelectric dam on a tributary of the Amazon River, federal prosecutors said on Wednesday.

companyNews reuters.com

Petronas pitches $1 bln offshore gas project stake to oil firms-sources

SINGAPORE, April 10 (Reuters) - Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp, Thailand's PTT Exploration and Production and Japanese firms, sources familiar with the matter said.

companyNews reuters.com

BRIEF-Shell misses fourth-quarter estimates after $500 mln of impairments

* Shell continued to divest non-strategic upstream positions during Q4 2016

companyNews reuters.com

BRIEF-Imperial names J.R. Whelan SVP, Upstream

* B.P. Cahir appointed executive advisor to Chairman, Exxon Mobil Corporation

rbssEnergyNews reuters.com

RPT-China's Iran oil imports to hit record on new production - sources

BEIJING Jan 5 (Reuters) - China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.

rbssEnergyNews reuters.com

China's Iran oil imports to hit record on new production - sources

BEIJING Jan 5 (Reuters) - China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.

rbssEnergyNews reuters.com

Indonesia plans shake-up of upstream oil and gas contracts

JAKARTA, Dec 19 (Reuters) - Indonesia plans to change future production sharing contracts in its upstream oil and gas sector so that contractors shoulder the cost of exploration and production, rather than be reimbursed by the government.

rbssEnergyNews reuters.com

UPDATE 1-World Bank units add $517 mln to Ghana oil, gas project financing

ACCRA, Dec 15 (Reuters) - The World Bank Group said on Thursday it two of its units would provide another $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project developed by Italy's ENI SpA and upstream trader Vitol Ghana.

rbssEnergyNews reuters.com

World Bank Group to provide $517 mln for Ghana oil and gas project

ACCRA, Dec 15 (Reuters) - The World Bank Group said on Thursday it would provide $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project being developed by Italy's ENI and upstream trader Vitol Ghana.

basicMaterialsSector reuters.com

UPDATE 8-Oil prices fall as dollar hits 14-year high

* Upstream investment set for third year of lower investment (Updates detail, prices; paragraphs 1-4)

bondsNews reuters.com

BRIEF-Centennial Resource Development to acquire 100% interests from Silverback Exploration

* Centennial Resource Development - to acquire 100% of leasehold interests and related upstream assets in reeves county from Silverback Exploration, LLC

companyNews reuters.com

Shell to hand operatorship of Nyhamna plant to Gassco in 2017

STAVANGER, Norway, Nov 16 (Reuters) - Royal Dutch Shell Norway upstream vice president Rich Denny told Reuters on Wednesday:

companyNews reuters.com

Petrobras CEO says expects more divestitures in oil industry

NEW YORK, Nov 15 (Reuters) - Global upstream investment is likely to fall next year and industry divestitures could reach $35 billion, the head of Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday.

marketsNews reuters.com

Ophir says does not need partners for upstream floating LNG project in Equatorial Guinea

CAPE TOWN, Nov 1 (Reuters) - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have...

companyNews reuters.com

BRIEF-ExxonMobil to perform assessment of major long-lived assets in light of upstream weakness

* In light of continued weakness in upstream industry, company will perform assessment of major long-lived assets, similar to exercise undertaken in 2015

companyNews reuters.com

UPDATE 1-Suncor reports Q3 profit on higher production, refinery throughput

CALGARY, Alberta, Oct 26 (Reuters) - Suncor Energy Inc , Canada's largest oil and gas company, reported a better-than-expected third-quarter profit on Wednesday thanks to strong upstream production, lower operating costs and record crude throughput at its refineries.

companyNews reuters.com

Suncor reports Q3 profit on higher production, refinery throughput

CALGARY, Alberta, Oct 26 (Reuters) - Suncor Energy Inc , Canada's largest oil and gas company, on Wednesday reported a better-than-expected third-quarter profit thanks to strong upstream production and record crude throughput at its refineries.

financialsSector reuters.com

CORRECTED-Macquarie closes its London oil and gas investment desk

LONDON, Oct 21 (Reuters) - Australia's top investment bank Macquarie Group has closed its London-based upstream oil and gas advisory after a sharp drop in global deal making in recent years, banking sources said on Friday.

bondsNews reuters.com

BRIEF-AOG Upstream BV acquires ownership of 23 mln Oryx Petroleum shares

* AOG Upstream BV, an affiliate of AOG, acquired ownership and control of 23 million common shares of Oryx Petroleum

companyNews reuters.com

Indonesia eyes 22 pct rise in crude output from Exxon's Cepu block in 2017

JAKARTA, Sept 19 (Reuters) - Crude oil output from Exxon Mobil's Cepu block in Indonesia is targeted to reach 200,000 barrels per day (bpd) in 2017, the head of Indonesia's upstream oil and gas regulator said on Monday, up from a target of 163,910 bpd for this year.

companyNews reuters.com

Ophir says two bidders in the fray for Fortuna contract

Sept 15 (Reuters) - Oil and natural gas producer Ophir Energy Plc said on Thursday two consortia were bidding for an engineering contract over the upstream portion of its Fortuna Floating Liquefied Natural Gas platform (FLNG) in Equatorial Guinea.

rbssEnergyNews reuters.com

Global upstream oil and gas spending to fall 24 pct in 2016 - IEA

LONDON, Sept 14 (Reuters) - Global upstream oil and gas investments are expected to plummet 24 percent this year, with little signs of improvement for 2017, the International Energy Agency (IEA) said on Wednesday.

financialsSector reuters.com

BRIEF-Det norske oljeselskap nominates BP executives to board

* Nomination committee nominated Bernard Looney, chief executive upstream in BP and Kate Thomson, group head of tax in BP as new members of Det norske's board of directors

businessNews reuters.com

China July consumer inflation cools on slower food prices

BEIJING (Reuters) - China's consumer price inflation accelerated at its weakest pace in six months as food prices rose at a slower pace, although the long decline in upstream prices continued to moderate.

marketsNews reuters.com

UPDATE 1-China July consumer inflation cools on slower food prices

BEIJING, Aug 9 (Reuters) - China's consumer price inflation accelerated at its weakest pace in six months as food prices rose at a slower pace, although the long decline in upstream prices continued...

rbssEnergyNews reuters.com

UPDATE 2-Maurel et Prom chief sells out to Indonesia's Pertamina

* Fits with Pertamina plan to expand upstream business (Adds Pertamina comment)

companyNews reuters.com

BRIEF-BP Q2 underlying RC profit of $720 million

* Upstream replacement cost (rc) loss for q2 was $109 million compared with a profit of $228 million a year ago

governmentFilingsNews reuters.com

UPDATE 2-Brazil state could ban dam design used at Samarco mine

RIO DE JANEIRO, July 20 (Reuters) - A Brazilian state law to ban upstream tailings dams, the design used at a dam that collapsed at the Samarco iron ore mine in November, could be approved this year,...

environmentNews reuters.com

Brazil state could ban dam design used at Samarco mine

RIO DE JANEIRO (Reuters) - A Brazilian state law to ban upstream tailings dams, the design used at a dam that collapsed at the Samarco iron ore mine in November, could be approved this year, an environmental official for the state of Minas Gerais told Reuters on Wednesday.

marketsNews reuters.com

UPDATE 1-Brazil state could ban dam design used at Samarco mine

RIO DE JANEIRO, July 20 (Reuters) - A Brazilian state law to ban upstream tailings dams, the design used at a dam that collapsed at the Samarco iron ore mine in November, could be approved this year,...

companyNews reuters.com

Brazil state law to ban dam used at Samarco mine could pass this year

RIO DE JANEIRO, July 20 (Reuters) - A Brazilian state law to ban upstream tailings dams, the design used for the dam that collapsed at the Samarco mine last November, could be passed this year, an environmental official for the state of Minas Gerais told Reuters on Wednesday.

basicMaterialsSector reuters.com

REFILE-UPDATE 2-Alcoa spins off smelting business; aero, auto unit now 'Arconic'

CHICAGO, June 29 (Reuters) - Metals company Alcoa Inc said on Wednesday that its planned split will consist of a spinoff of its traditional upstream smelting business, and that up to 19.9 percent of the new company will be owned by its value-added business that serves the aerospace and automotive industries.

marketsNews reuters.com

UPDATE 1-In Alcoa split, traditional upstream business to be spun off

CHICAGO, June 28 (Reuters) - Metals company Alcoa Inc said on Wednesday that its planned split will consist of a spinoff of its traditional upstream smelting business, and that up to 19.9 percent of...

bondsNews reuters.com

BRIEF-Alcoa Upstream Corp provides details in connection with spinoff plan

* Alcoa Upstream Corp files form 10 registration statement with U.S. SEC in connection with co's spinoff plan - Sec filing

innovationNews reuters.com

Alcoa unveils details of spinoff of upstream business: filing

CHICAGO (Reuters) - Metals company Alcoa Inc said in a regulatory filing on Wednesday that it will spin off its traditional upstream smelting business as part of a planned split that is due to take...

marketsNews reuters.com

Alcoa unveils details of spinoff of upstream business - filing

CHICAGO, June 28 (Reuters) - Metals company Alcoa Inc said in a regulatory filing on Wednesday that it will spin off its traditional upstream smelting business as part of a planned split that is due...

mergersNews reuters.com

BRIEF-Alcoa Upstream Corp files Form 10 registration statement with U.S. SEC

* Files Form 10 registration statement with U.S. SEC in connection with co's spinoff plan - SEC filing

industrialsSector reuters.com

REFILE-UPDATE 2-France's Total wins stake in Qatar's Al-Shaheen oilfield

DOHA, June 27 (Reuters) - Total has won a 30 percent stake in a new 25-year contract to operate Qatar's largest offshore oilfield, officials said on Monday, in the second major upstream development deal for the French oil firm in the Gulf region in as many years.

rbssEnergyNews reuters.com

UPDATE 2-France's Total wins stake in Qatar's Al-Shaheen oilfield

DOHA, June 27 (Reuters) - Total has won a 30 percent stake in a new 25-year contract to operate Qatar's largest offshore oilfield, officials said on Monday, in the second major upstream development deal for the French oil firm in the Gulf region in as many years.

innovationNews reuters.com

Exclusive: Suncor targets acquisitions in North Sea, Eastern Canada - sources

TORONTO/CALGARY (Reuters) - Suncor Energy Inc plans to make acquisitions in the North Sea and Eastern Canada to bolster its offshore upstream oil business as assets become available due to the slump...

companyNews reuters.com

UPDATE 1-Indonesia rejects Exxon proposal to boost Cepu block output

JAKARTA, June 14 (Reuters) - Indonesia has rejected a proposal to increase crude output from the Cepu block operated by U.S. oil and gas giant Exxon Mobil to up to 200,000 barrels per day, the country's upstream oil and gas regulator (SKKMigas) told parliament on Tuesday.

companyNews reuters.com

Indonesia rejects Exxon proposal to boost Cepu block output

JAKARTA, June 14 (Reuters) - Indonesia has rejected a proposal to increase crude output from the Cepu block operated by U.S. oil and gas giant Exxon Mobil to up to 200,000 barrels per day, the country's upstream oil and gas regulator (SKKMigas) told parliament on Tuesday.

bankruptcyNews reuters.com

BRIEF-Noranda to sell upstream business through bankruptcy court

NEW YORK, June 13 (Reuters) - Bankrupt U.S. aluminum company Noranda Aluminum Holding Corp filed a request to sell its upstream business in a court-supervised process on Monday, the company announced.

businessNews reuters.com

TransCanada to conduct work on Keystone pipeline in July, Aug: notice

(Reuters) - TransCanada Corp will conduct two separate 24-hour outages on its Keystone crude oil pipeline in July upstream of Steele City, Nebraska, according to a customer notice reviewed by Reuters on Thursday.

rbssEnergyNews reuters.com

Japan's upstream oil and gas investment to tumble in 2016/17

TOKYO, May 17 (Reuters) - Investment by big Japanese firms in upstream oil and gas developments is set to fall by around 40 percent to about 1.2 trillion yen ($11 billion) in 2016/17 due to current low prices, a government Energy White Paper showed on Tuesday.

companyNews reuters.com

Indonesian govt approved $1.5 bln of oil and gas projects from Jan-Apr

JAKARTA, May 8 (Reuters) - Indonesia's upstream oil and gas regulator, SKK Migas, approved development plans for 18 oil and gas projects from January to April, with a total investment of $1.496 billion, it said in a statement on Sunday.

rbssEnergyNews reuters.com

Ophir ends talks with Schlumberger over Fortuna project deal

April 29 (Reuters) - Oil and gas explorer Ophir Energy Plc said it had ended talks with Schlumberger NV over the U.S. company's upstream participation in Ophir's Fortuna project in Equatorial Guinea, sending its shares down sharply.

rbssEnergyNews reuters.com

UPDATE 2-Kazakh Kazmunaygaz denies it plans to issue debt to buy out subsidiary

ALMATY, April 21 (Reuters) - Kazakh national oil company Kazmunaygaz said on Thursday it had no plans to issue debt to finance the buyout of minority shareholders of its upstream subsidiary KMG EP , contradicting an earlier statement by one of its executives.

companyNews reuters.com

BRIEF-Moody's confirms A2 rating of BP P.L.C positive outlook

* Moody's expects bp to generate negative free cash flow in 2016,2017, based on weak upstream pricing, flattish production outlook of 2.1 million boe/day

rbssEnergyNews reuters.com

Japan's Inpex halves full-year net profit estimate on oil rout

TOKYO, April 5 (Reuters) - Japanese oil firm Inpex Corp halved its full-year net profit estimate on Tuesday, as it was hit by impairment losses on upstream assets amid the sharp fall in crude oil prices.

companyNews reuters.com

BRIEF-Petromanas says sold Albanian assets to Shell Upstream Albania for $45 mln

* Petromanas anticipates that an aggregate of up to US$43 million will be available for distribution to shareholders

innovationNews reuters.com

Exclusive: Total eyes Engie's 5 billion euro upstream activities - sources

LONDON (Reuters) - French oil company Total has held talks to buy all or part of domestic rival Engie's exploration and production (E&P) activities, worth about 5 billion euros ($5.6 billion),...

rbssEnergyNews reuters.com

PetroChina profit dives 70 pct in 2015 on low oil prices

BEIJING, March 23 (Reuters) - PetroChina , China's biggest oil and gas producer, reported a 70 percent slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.

companyNews reuters.com

Saudi Aramco to keep investing in downstream sectors -CEO

BEIJING, March 21 (Reuters) - Saudi Aramco Chief Executive Amin Nasser said his company will continue to invest in upstream and downstream sectors, expecting an upwards adjustment in oil prices to begin by the end of 2016.

businessNews reuters.com

Debt deadlines loom for SandRidge, Venoco and Energy XXI

NEW YORK (Reuters) - The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc [DNVRPV.UL] and Energy XXI Ltd reach the end of grace periods following millions in missed interest payments.

companyNews reuters.com

BRIEF-Weir Group's FY pretax profit falls 46.2 pct

* WE are planning for a further reduction in constant currency group operating profits, driven primarily by lower activity levels in upstream oil and gas markets

companyNews reuters.com

BRIEF-Devon expects bids for its upstream assets in the first half of the year-CEO

* Ceo says the access pipeline transaction could occur in Q1, discussions are in latter stages

businessNews reuters.com

Nobel Upstream says buys Shell's stake in Maclure North Sea field

LONDON (Reuters) - Nobel Upstream, a privately held British oil explorer, said on Wednesday it had agreed to buy Shell's 7.59 percent stake in the Maclure North Sea oilfield for an undisclosed sum.

companyNews reuters.com

BRIEF-BP to cut jobs at upstream and downstream segments

* Lower underlying result was predominantly driven by impact of steeply lower oil and gas prices on BP's upstream segment

rbssEnergyNews reuters.com

UPDATE 1-BP promotes veteran upstream boss as No.2 to CEO Dudley

* BP says McKay to help run company amid oil price storm (Adds details, background)

financialsSector reuters.com

Enel CEO says received non-binding bids for upstream gas assets

MADRID, Jan 26 (Reuters) - Italy's biggest utility Enel has received non-binding bids for upstream gas assets in Italy and Algeria that it put up for sale and it expects to wrap up the sale process within a couple of months, its chief executive said on Tuesday.

companyNews reuters.com

BRIEF-Ophir welcomes Schlumberger into Fortuna FLNG project

* Heads of Terms signed for an upstream partner in Fortuna FLNG project, Equatorial Guinea

companyNews reuters.com

Alcoa responds to Moody's warning on credit downgrade

Jan 22 (Reuters) - Alcoa Inc, responding to a Moody's warning of a possible downgrade to its debt rating, said it remained focused on strengthening its upstream and value-add businesses to help them succeed as standalone companies.

businessNews reuters.com

IBM buys Upstream to build on cloud offerings

(Reuters) - International Business Machines Corp said on Thursday it bought Ustream Inc, an online video streaming service provider, to boost its cloud offerings for businesses.

companyNews reuters.com

RPT-IBM buys Upstream to build on cloud offerings

Jan 21 (Reuters) - International Business Machines Corp said on Thursday it bought Ustream Inc, an online video streaming service provider, to boost its cloud offerings for businesses.

companyNews reuters.com

Saudi spare oil capacity complicates any Aramco listing - sources

LONDON, Jan 19 (Reuters) - Saudi Arabia's policy of keeping a vast amount of oil production capacity unused is a possible complication in any listing of the upstream part of state oil firm Aramco, industry sources said.

companyNews reuters.com

Indonesian govt revenue from oil and gas seen down 16 pct y/y in 2016

JAKARTA, Jan 5 (Reuters) - Indonesian government revenue from the upstream oil and gas sector is expected to decline 16 percent to $10.77 billion in 2016 from $12.86 billion in 2015, the country's oil and gas regulator (SKKMigas) said on Tuesday.

marketsNews reuters.com

REFILE-Indonesia Pertamina shows interests in buying shares in Natuna oil and gas block - regulator spokesmman

CIREBON, Indonesia, Dec 19 (Reuters) - Indonesia's upstream oil and gas regulator said state energy firm Pertamina is interested in buying the stakes in the South Natuna Sea Block B that...

companyNews reuters.com

Indonesia Pertamina in buying shares in Natuna oil and gas block - regulator spokesmman

CIREBON, Indonesia, Dec 19 (Reuters) - Indonesia's upstream oil and gas regulator said state energy firm Pertamina is interested in buying the stakes in the South Natuna Sea Block B that ConocoPhillips and Chevron plans to sell, its spokesman said on Saturday.

marketsNews reuters.com

Indonesian companies see 2016 oil and gas lifting below govt's target

CIREBON, Indonesia, Dec 19 (Reuters) - Oil and gas companies in Indonesia set a lifting target for 2016 below both the government's estimate and their 2015 production, the country's upstream oil and...

rbssEnergyNews reuters.com

UPDATE 1-Saudi Aramco names three new senior vice-presidents

KHOBAR, Saudi Arabia, Dec 16 (Reuters) - Saudi Aramco has named three senior vice-presidents including Mohammed al-Qahtani as head of upstream operations, the state-owned firm said on Wednesday.

rbssEnergyNews reuters.com

Saudi Aramco names three new senior vice presidents

KHOBAR, Saudi Arabia, Dec 16 (Reuters) - Saudi Aramco has named three senior vice presidents including Mohammed al-Qahtani as head of upstream operations, the state-owned firm said on Wednesday.

rbssEnergyNews reuters.com

UPDATE 1-Centrica says to spend less than planned after upstream cost cuts

LONDON, Dec 10 (Reuters) - Centrica, Britain's largest energy utility, expects to spend less than the 1.05 billion pounds ($1.6 billion) it had previously envisaged, mainly due to a cut in upstream investments, the company said on Thursday.

rbssEnergyNews reuters.com

Thailand's PTT posts huge Q3 loss, hit by weak oil prices

BANGKOK, Nov 12 (Reuters) - PTT Pcl, Thailand's largest energy company, on Thursday reported another record net loss in third quarter, mainly due to losses at its upstream and exploration subsidiary and a weak gas business.

companyNews reuters.com

UPDATE 1-Brazil dam burst muddies outlook for pulp industry

SAO PAULO, Nov 10 (Reuters) - Brazil's leading wood pulp producers are on alert after dams at an iron ore mine upstream of their operations collapsed over the weekend, sending thousands of tonnes of mud down rivers that supply local communities and industry with water.

hotStocksNews reuters.com

UPDATE 2-Amec Foster Wheeler slashes dividend, shares tumble

Nov 5 (Reuters) - British oil and gas services company Amec Foster Wheeler Plc slashed its dividend, forecast lower second-half margins and raised its cost-saving target as upstream customers reduced...

technologySector reuters.com

UPDATE 1-MOVES-Saudi Aramco names Qahtani acting SVP for upstream ops

KHOBAR, Saudi Arabia, Oct 11 (Reuters) - Saudi Aramco has appointed Mohammed al-Qahtani as acting senior vice-president for upstream operations until the end of December, the state-owned firm said on Sunday.

governmentFilingsNews reuters.com

CORRECTED-Alaska sees TransCanada's LNG project stake worth $70-$100 mln

TOKYO, Sept 17 (Reuters) - Alaska could pay $70 million to $100 million for TransCanada's 25 percent stake in the midstream and upstream sectors of the proposed Alaska liquefied natural gas (LNG)...

companyNews reuters.com

Alaska sees TransCanada's LNG project stake worth $70-$100 mln

TOKYO, Sept 17 (Reuters) - Alaska could pay $70 million to $100 million for TransCanada's 25 percent stake in the upstream sector of the proposed Alaska liquefied natural gas (LNG) project, Governor Bill Walker said on Thursday.

rbssEnergyNews reuters.com

UPDATE 1-Saudi Aramco says Amin Nasser appointed as CEO

* No details on who will replace Nasser as senior VP of upstream (Adds detail from Aramco statement)

companyNews reuters.com

Peru's Congress boosts state energy firm in populist turn

LIMA, Sept 3 (Reuters) - Lawmakers in Peru reversed course on state-owned Petroperu's role in upstream businesses and voted on Thursday to remove a legal barrier that kept it from taking control of the country's biggest oil block.

rbssEnergyNews reuters.com

UPDATE 1-PetroChina profit dives 63 percent in first half

BEIJING, Aug 27 (Reuters) - PetroChina , China's biggest oil and gas producer, reported a 63 percent drop in first-half profits, with earnings upstream and in the marketing segment hit by lower prices, while earnings from natural gas jumped.

rbssEnergyNews reuters.com

PetroChina profit dives 63 pct in first half

BEIJING, Aug 27 (Reuters) - PetroChina , China's biggest oil and gas producer, reported a 63 percent drop in its first-half profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.

rbssEnergyNews reuters.com

UPDATE 1-Profits at two Chinese oil majors slump on low crude price

BEIJING, Aug 26 (Reuters) - Two of China's major oil companies said on Wednesday that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.

rbssEnergyNews reuters.com

Top Asian refiner Sinopec's net profits slip 22 pct in H1

BEIJING, Aug 26 (Reuters) - China's Sinopec Corp , Asia's largest refiner, posted a 22 percent fall in first-half profit on a sharp decline in international crude prices that hit upstream earnings.

financialsSector reuters.com

Poland's PGNiG unit secures $400 mln loan for debt refinancing

WARSAW, Aug 13 (Reuters) - An upstream unit of Poland's gas company PGNiG signed a loan agreement with banks worth $400 million, which will mostly serve to pay back a bulk of the unit's current debt, PGNiG said on Thursday.

rbssEnergyNews reuters.com

Centrica to sell some upstream, wind assets to shift focus on supply, services

LONDON, July 30 (Reuters) - Britain's largest utility Centrica will sell up to 1 billion pounds worth of upstream and wind assets by 2017 and reduce net headcount by around 4,000 staff in a strategy shift that will see it put more emphasis on energy supply and services.