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A collection of news and information related to Upstream Oil and Gas Activities published by this site and its partners.
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Sudan, South Sudan to take steps to lower oil tension
ReutersCAIRO (Reuters) - Sudan and South Sudan are prepared to take steps, brokered by the African Union, to try to avert an oil crisis between them amid accusations from both sides that the other is supporting insurgencies in their territories. Sudan...Tags: Wars and Interventions, Sudan, Malaysia, Rebellions, National Government
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Analysis: Why bankrupt W.R. Grace is thriving
ReutersCOLUMBIA, Md./NEW YORK (Reuters) - A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and its surging sales to the energy sector. One...Tags: Companies and Corporations, JPMorgan Chase & Co., Financially Distressed Companies, Shareholders, Trials
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ANALYSIS-Why bankrupt W.R. Grace is thriving
ReutersBy Ernest Scheyder and Nick Brown COLUMBIA, Md./NEW YORK, June 16 (Reuters) - A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and...Tags: Companies and Corporations, JPMorgan Chase & Co., Financially Distressed Companies, Shareholders, Trials
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Obama leaves climate change-fighting tool on shelf for now
Reuters* Time running out for legacy movement on climate * Any NEPA move at least a year away, officials say * Washington, Oregon governors want it applied to coal export terminals By Patrick Rucker and Valerie Volcovici WASHINGTON, June 16 (Reuters) -...Tags: Global Change, U.S. Chamber of Commerce, U.S. Department of State, U.S. Congress, Regional Authority
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CORRECTED-(OFFICIAL)-FEATURE-US shale is a boon to manufacturers but not their workers
Reuters(Corrects last paragraph: U.S. Steel says plant manager misspoke and meant to say "million," not "billion") By James B. Kelleher YOUNGSTOWN, Ohio, June 14 (Reuters) - This city has been down for so long, it's hard to believe what's risen up here in...Tags: Joint Ventures, Labor Markets, Companies and Corporations, Employment Opportunities, Timken Company
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U.S. shale is a boon to manufacturers but not their workers
ReutersYOUNGSTOWN, Ohio (Reuters) - This city has been down for so long, it's hard to believe what's risen up here in the heart of America's "Rust Belt." On an industrial site littered with scrap metal, a French-Japanese joint venture called Vallourec Star...Tags: Labor Markets, Companies and Corporations, Joint Ventures, Timken Company, Conservation
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Oslo to okay Arctic oil drilling near sea ice, despite risks
Reuters* Norway government seeking to offset production decline * Draft law to allow drilling in waters vulnerable to ice * Environmentalists see risks By Environment Correspondent Alister Doyle OSLO, June 14 (Reuters) - Norway is set to permit offshore...Tags: Norway, Environmental Issues, Conservation, Energy Resources, Parliament
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Consumer and factory data signal steady economy
ReutersWASHINGTON (Reuters) - Consumer sentiment edged off a six-year high in June while manufacturing output picked up a bit last month after two straight months of declines, suggesting the economy remains on a moderate growth path. While other data on...Tags: Budgets and Budgeting, Economy, PNC Financial Services Group Incorporated, Wells Fargo & Co., Economy, Business and Finance
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Yemen's main oil pipeline attacked, flow of crude halted
ReutersJune 14 (Reuters) - Tribesmen blew up Yemen's main oil export pipeline on Friday, halting the flow of crude just a day after it had been repaired following a similar attack last month, a local official said. The Arabian Peninsula state, which relies on...Tags: Yemen, Saudi Arabia
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Canada crude - Heavy grades steady as pipeline reopens
ReutersCALGARY, Alberta, June 14 (Reuters) - Canadian cash crude prices were broadly steady on Friday, holding within sight recent highs as Kinder Morgan Energy Partners LP restarted its 307,000 barrel per day Trans Mountain pipeline. Kinder Morgan shut the...Tags: Energy Partners Limited, Petroleum Industry, Kinder Morgan Incorporated
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CORRECTED-EU close to agreeing rules for insider trading in commodities
Reuters(Corrects paragraph 10 to an enquiry into Platts oil prices, not scandal) * Jail terms for insider trading one step closer * Oil probe supports MEPs who want tough abuse regime * Rules seen as damaging to traders' business model By Maytaal Angel and...Tags: Punishment, Energy Resources, Market and Exchange, Energy Saving, Litigation and Regulation
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Brazil's BTG Pactual to pay $1.53 bln for Petrobras Africa stake
ReutersRIO DE JANEIRO, June 14 (Reuters) - Brazil's Banco BTG Pactual SA agreed to pay $1.53 billion for a 50 percent stake in African oil and gas exploration and production assets of Brazilian state-run oil company Petroleo Brasileiro SA , the companies said in...Tags: Petroleo Brasileiro SA, Energy Resources, Petroleum Industry, Brazil
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