Edition:
United States

Ron Bousso

6:37am EDT

As oil output grows, BP keeps refining stable, expands retail

LONDON BP has no plan to build new refineries despite growing oil production and will focus on modernizing existing plants while expanding its network of filling stations to generate $3 billion in additional cash.

Mar 27 2017

Exclusive: Shell and Anadarko mull clean break from Permian venture - executive

LONDON/HOUSTON Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

Mar 24 2017

Carlyle extends private equity oil rush with $587 million Shell deal

LONDON Carlyle Group has bought Royal Dutch Shell's onshore oil fields in Gabon for $587 million, continuing the growing trend of private equity investors looking to squeeze extra profit from oil majors' unloved assets.

Mar 23 2017

Shell reluctant to part with California refinery amid asset sale

NEW YORK Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say.

Mar 17 2017

Tullow hits shareholders with surprise cash call to cut debt

Africa-focused Tullow Oil took investors by surprise on Friday with plans for a $750 million (605.33 million pounds) rights issue to help it pay down heavy debts amassed during the oil price downturn.

Mar 17 2017

Exxon eyes sale of Italian service stations: sources

LONDON Exxon Mobil is seeking to sell half of its 2,500 petrol stations in Italy for up to 500 million euros ($537 million), several sources close to the process said.

Mar 16 2017

Calumet retains bank for potential sale of Wisconsin refinery

NEW YORK, March 16 Calumet Specialty Products Partners has retained advisors for a potential sale of its refinery in Superior, Wisconsin, according to two people familiar with the matter.

Mar 10 2017

Oil industry revives quest for deepwater reserves

HOUSTON Deepwater oil drilling can be expensive, time-consuming and a hard sell to investors. But the world's top energy firms are restarting their search for giant oilfields under the ocean after a two-year lull.

Mar 09 2017

Shell CEO urges switch to clean energy as plans hefty renewable spending

HOUSTON The oil and gas industry risks losing public support if progress is not made in the transition to cleaner energy, Royal Dutch Shell Plc Chief Executive Ben van Beurden said on Thursday.

Mar 09 2017

Exclusive - Saudis tell U.S. oil: OPEC won't extend cuts to offset shale - sources

HOUSTON Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two industry sources told Reuters on Thursday.

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