Reuters: Energy

Mexico, Braskem sign supply pact for ethlyene plant

Sat, 07 Nov 2009 01:09:11 GMT

MEXICO CITY, Nov 6 (Reuters) - Mexico's state oil company Pemex said it signed a letter of intent with a consortium led by Brazil's Braskem SA to supply raw materials for a proposed petrochemicals plant the consortium may build in Mexico.

Valero reports Corpus Christi SRU upset fixed

Fri, 06 Nov 2009 23:20:33 GMT

HOUSTON, Nov 6 (Reuters) - Valero Energy Corp said it has fixed an upset in a sulfur recovery unit (SRU) on Friday at its 315,000 barrel per day refinery in Corpus Christi, Texas, according to state pollution regulators. (Reporting by Kristen Hays)

UPDATE 2-U.S. energy companies monitor storms in Gulf

Fri, 06 Nov 2009 22:32:07 GMT

HOUSTON, Nov 6 (Reuters) - U.S. oil producers and refiners said operations were normal in and around the Gulf of Mexico on Friday as they monitored weather systems that could threaten offshore platforms and coastal facilities in the next several days.

UPDATE 1-Shell to pay $19.5 mln for California violations

Fri, 06 Nov 2009 21:17:14 GMT

* California AG investigated 1,000 Shell gasoline stations

UPDATE 1-Valero to shut N.J. refinery for 3-weeks' work

Fri, 06 Nov 2009 20:20:27 GMT

NEW YORK, Nov 6 (Reuters) - Top U.S. refiner Valero Energy Corp said its 160,000 barrel-per-day Paulsboro, New Jersey, refinery will be shut for three weeks of maintenance during a longer unplanned FCC unit outage.

UPDATE 1-Cost of new Mexican oil refinery rises to $9.65 bln

Fri, 06 Nov 2009 19:20:50 GMT

MEXICO CITY, Nov 6 (Reuters) - Mexico's state oil company Pemex said on Friday its new oil refinery would cost approximately $700 million more than previously estimated.

Mexico puts cost of new refinery at $9.65 billion

Fri, 06 Nov 2009 18:59:14 GMT

MEXICO CITY, Nov 6 (Reuters) - Mexico's planned new oil refinery at Tula will cost 129 billion pesos ($9.65 billion) state oil company Pemex [PEMX.UL] said on Friday.

Europe Gasoline-Cracks fall after U.S. jobs data

Fri, 06 Nov 2009 18:44:04 GMT

LONDON, Nov 6 (Reuters) - European gasoline crack spreads fell to two-week lows after a larger-than-expected jump in U.S. unemployment in October, slamming the arbitrage to the key export market shut.

U.S. natural gas rig count climbs 6 to 734 for week

Fri, 06 Nov 2009 18:38:40 GMT

NEW YORK, Nov 6 (Reuters) - The number of rigs drilling for natural gas in the United States climbed by six this week to 734, according to a report on Friday by oil services firm Baker Hughes in Houston.

UPDATE 1-Compton Petroleum Q3 profit falls 78 pct

Fri, 06 Nov 2009 18:37:41 GMT

* Q3 average production down 24 pct (Adds, details, analysts' comments, updates stock movement)

Petrobras says Peru natgas well needs more study

Fri, 06 Nov 2009 17:55:54 GMT

LIMA, Nov 6 (Reuters) - Brazil's Petrobras said on Friday it is still studying drilling results from lot 58 in Peru's Amazon and has yet to estimate natural gas deposits there -- a day after Peruvian President Alan Garcia said the company struck a large find.

UPDATE 2-Halliburton wins Saudi Aramco South Ghawar pact

Fri, 06 Nov 2009 17:36:53 GMT

* First 'turnkey' contract awarded in new Saudi strategy

UPDATE 2-Suncor aims to sell up to C$4 bln in assets in 2010

Fri, 06 Nov 2009 17:28:04 GMT

* Shares up 1 Canadian cent at C$35.38 (Recasts with executive comments; In US dollars unless noted)

UPDATE 2-Brigham Exploration posts surprise Q3 loss; shares fall

Fri, 06 Nov 2009 16:56:23 GMT

* Shares fall as much as 8 pct (Recasts; adds conference call details, share movement)

U.S. energy companies monitor storms in Gulf

Fri, 06 Nov 2009 16:00:19 GMT

HOUSTON, Nov 6 (Reuters) - U.S. oil producers and refiners said operations were normal in and around the Gulf of Mexico early Friday as they monitored weather systems that could threaten offshore platforms and coastal facilities in the next several days.

UPDATE 2-Melrose gets approval to develop Bulgarian gas field

Fri, 06 Nov 2009 15:31:29 GMT

* Says trying to ramp up gas projects in Bulgaria, Romania

Compton Petroleum Q3 profit falls 78 pct

Fri, 06 Nov 2009 15:10:26 GMT

Nov 6 (Reuters) - Canada's Compton Petroleum Corp posted a 78 percent drop in quarterly profit, hurt by lower commodity prices and production volumes.

BRIEF-Suncor expects to beat post-takeover cost target

Fri, 06 Nov 2009 15:04:04 GMT

Nov 6 (Reuters) - Suncor Energy Inc Chief Executive Rick George on third-quarter conference call:

Hovensa says St. Croix FCCU restarting

Fri, 06 Nov 2009 14:30:56 GMT

TORONTO, Nov 6 (Reuters) - Hovensa LLC said on Friday that repairs on the 150,000 barrel-per-day gasoline-making fluid catalytic cracking unit at its 500,000 bpd refinery in St. Croix, the Virgin Islands, have been completed and restart of the unit has begun.

UPDATE 1-Gran Tierra Energy posts Q3 loss

Fri, 06 Nov 2009 14:30:36 GMT

Nov 6 (Reuters) - Canadian oil exploration and production company Gran Tierra Energy Inc posted a surge in its funds flow from operations for the third quarter, but reported a net loss due to foreign exchange losses.

UPDATE 1-Canada's Celtic Exploration posts Q3 loss

Fri, 06 Nov 2009 14:29:23 GMT

Nov 6 (Reuters) - Canada's Celtic Exploration Ltd reported a quarterly loss on Friday, as the oil and gas explorer's funds from operations fell and certain expenses went up.

UPDATE 1-Bronco Drilling posts wider-than-expected Q3 loss

Fri, 06 Nov 2009 14:23:04 GMT

* Q3 adj shr loss $0.37 vs est loss $0.33 * Revenue plunges 78 pct * Q3 hurt by lower utilization levels

RPT-Shell reports flaring at Scotford upgrader

Fri, 06 Nov 2009 14:00:22 GMT

TORONTO, Nov 6 (Reuters) - Royal Dutch Shell said on Friday morning it expected intermittent flaring at the upgrader at its Scotford facility in Alberta, Canada, according to a notice on a community information line.

Congo-Rep. oil output seen at 310,000 bpd by end '09

Fri, 06 Nov 2009 13:53:15 GMT

BRAZZAVILLE, Nov 6 (Reuters) - Congo-Republic's oil production will reach 310,000 barrels per day by the end of 2009, up from current levels around 250,000 bpd, the local head of Total , a major investor in the country, said.

UPDATE 1-Shell has temporary upset at Deer Park site

Fri, 06 Nov 2009 13:44:21 GMT

TORONTO, Nov 6 (Reuters) - A temporary process upset in a unit at Shell's Deer Park, Texas, site early Friday morning caused flaring, according to a message on a community information telephone line.