Energy

NZ Takeovers Panel gives BG leeway on Contact bid 6:17pm EDT

WELLINGTON, May 12 (Reuters) - The New Zealand Takeovers Panel said on Monday it would grant BG Group a one-month exemption on launching a bid for Contact Energy Ltd , should its bid for Contact's owner Origin Energy Ltd succeed. Full Article

Motiva Port Arthur ups power production-state 6:13pm EDT

HOUSTON, May 11 (Reuters) - Motiva Enterprises LLC boosted electricity production over the weekend from the in-house generation system at its 285,000-barrel-per-day Port Arthur, Texas, refinery to prevent a shutdown, according to a notice filed with state pollution regulators. Full Article

Venezuela to take majority stake in Guasare Coal 6:11pm EDT

CARACAS, May 11 (Reuters) - Venezuela will take a majority stake in coal miner Guasare Coal, President Hugo Chavez said on Sunday. Full Article

More Energy Articles

Delek reduces Tyler, Texas, FCC output - state 6:02pm EDT

HOUSTON, May 11 (Reuters) - Delek US Holding Inc's 58,000-barrel-per-day Tyler, Texas, refinery cut back the feedstock going to its 20,000-bpd gasoline-producing fluidic catalytic cracking unit on Sunday while repairs are made to a unit boiler, according to a notice filed with state regulators. Full Article

Exxon restarting Beaumont, TX, refinery FCC -state 5:54pm EDT

HOUSTON, May 11 (Reuters) - Exxon Mobil Corp was restarting a 118,000-barrel-per-day gasoline-producing fluidic catalytic cracking unit at its 349,000-bpd Beaumont, Texas, refinery over the weekend, according to a notice filed Saturday with state pollution regulators. Full Article

UPDATE 1-Valero restarting Los Angeles-area refinery units 5:47pm EDT

HOUSTON, May 11 (Reuters) - Valero Energy Corp was restarting units at its 135,000-barrel-per-day Los Angeles-area refinery in Wilmington, California, on Sunday after a brief electrical power outage, a company spokesman said. Full Article

Valero restarting Los Angeles-area refinery units 5:40pm EDT

UPDATE 1-FACTBOX-EnCana Corp splits into two 5:27pm EDT

May 11 (Reuters) - EnCana Corp , Canada's largest energy company, said on Sunday it plans to split into separate oil and natural gas firms with the aim of squeezing out more stock value amid soaring oil prices. Full Article

UPDATE 3-EnCana to split in two with oil at record highs 5:16pm EDT

(Adds executive, investor comments; In U.S. dollars unless noted) Full Article

EnCana details growth for oil sands, gas spinoff 4:38pm EDT

CALGARY, Alberta (Reuters) - EnCana Corp said on Sunday that it expects its independent natural gas business to grow at a 7 to 9 percent annual clip while its oil sands operations will have annual growth in a 4 to 6 percent range after the two are spun into new firms. Full Article

Market Update

Exchanges and Trading Summit

Execs defend humans in high-tech markets Friday, 9 May 2008 08:04pm EDT

NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article

NASDAQ OMX backs Paulson rules blueprint

New trading platforms challenge LSE