oil http://www.globalpost.com/taxonomy/term/23034/all en UPDATE 1-Runaway Alaska oil rig dragged two tugs for miles http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-1-runaway-alaska-oil-rig-dragged-two-tugs-miles <p>* Shell's Kulluk drillship "upright and stable"</p> <p>* Coast Guard plans more overflights of grounded rig</p> <p>* Kulluk needed as backup for Shell's other Arctic rig</p> <p>By Andrew Callus and Yereth Rosen</p> <p>LONDON/ANCHORAGE, Alaska, Jan 2 (Reuters) - The runaway oil rig that ran aground in Alaska on New Year's Eve dragged two vessels trying to control it more than 10 miles ( 16 kilometer s) to ward shore in just over an hour before the crews cut it loose to save themselves in "near hurricane" conditions.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-1-runaway-alaska-oil-rig-dragged-two-tugs-miles" target="_blank">read more</a></p> Alaska Contact Details Disaster Drillship Guard Natural Disaster oil Person Career Quotation Shell Technology Thomson Reuters Thu, 03 Jan 2013 13:23:32 +0000 5730968 at http://www.globalpost.com GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom <p>* World shares ease back from 18-month highs</p> <p>* Brent oil falls to $112 a barrel</p> <p>* Dollar index hits three-week high</p> <p>* Euro dips 0.3 pct to $1.3150</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom" target="_blank">read more</a></p> Business Economic disasters Economic history Economics Economy of the United States Government oil Person Career Quotation Recessions United States federal budget United States public debt USD World oil market chronology from Thomson Reuters Thu, 03 Jan 2013 16:00:19 +0000 5730983 at http://www.globalpost.com UPDATE 5-Transocean to pay $1.4 bln for role in BP oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill <p>* Transocean owned doomed rig in 2010 Macondo disaster * Payment less than company set aside, shares jump 6.4 pct * Settlement still to be reached with plaintiffs * Halliburton still to settle with DoJ; its shares up 1.7 pct By David Ingram WASHINGTON, Jan 3 (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of <a href="http://www.globalpost.com/internal/section-config/mexico">Mexico</a> in 2010. The settlement unveiled on Thursday by the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill" target="_blank">read more</a></p> BP BP Plc Business Business Relation Companies listed on the New York Stock Exchange Deepwater Horizon Deepwater Horizon oil spill Disaster DoJ Economy of the United States Environment Gulf of Mexico Gulf of Mexico Gulf of Mexico Halliburton Halliburton Macondo Macondo Prospect Man Made Disaster oil Person Career Petroleum Quotation Transocean Transocean Ltd USD Thomson Reuters Fri, 04 Jan 2013 04:15:13 +0000 5731092 at http://www.globalpost.com GLOBAL MARKETS-Shares, oil dip, but growth prospects limit falls http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* World stocks ease 0.15 pct as new year rally fades</p> <p>* Bank stocks outperform on milder liquidity rules</p> <p>* Dollar pulls back from 2-1/2-year high versus yen</p> <p>* Brent crude dips below $111 a barrel</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 7 (Reuters) - World stocks and oil prices eased<br /> on Monday ending a new year rally as some investors chose to<br /> book profits, but signs of a brightening global economic growth<br /> outlook limited the falls.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls" target="_blank">read more</a></p> Business Central banks Company Location Deflation Economics Economy of the European Union Entertainment Euro Gold as an investment Inflation Investment Labor Late-2000s recession in Europe Law Macroeconomics oil Person Career Person Location Quantitative easing Quotation STOXX Thomson Reuters Mon, 07 Jan 2013 14:09:40 +0000 Thomson Reuters 5731344 at http://www.globalpost.com Egypt struggles to buy oil as currency crisis deepens http://www.globalpost.com/dispatch/news/thomson-reuters/130108/egypt-struggles-buy-oil-currency-crisis-deepens <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* State firm EGPC buys only half oil volumes it sought for Q1</p> <p>* Traders cite lack of cash, letters of credit</p> <p>* Egyptian pound loses value</p> <p>By Julia Payne</p> <p>LONDON, Jan 8 (Reuters) - Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy vital crude for its refineries.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/egypt-struggles-buy-oil-currency-crisis-deepens" target="_blank">read more</a></p> Business Commodities market Matter oil Soft matter Thomson Reuters Tue, 08 Jan 2013 18:00:24 +0000 Thomson Reuters 5731734 at http://www.globalpost.com Libya to secure oil ports after disruptions -oil min http://www.globalpost.com/dispatch/news/thomson-reuters/130109/libya-secure-oil-ports-after-disruptions-oil-min <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TRIPOLI, Jan 9 (Reuters) - Libya's oil ministry has reached agreement with the country's army chief and defence and interior ministries to secure exporting terminals, Oil Minister Abdelbari Al-Arusi said, after several protests have caused shipping disruptions.</p> <p>"We have agreed with the defence minister, chief of staff and interior minister to secure the oil ports and the army has sent a force to the port (of Zueitina)," Arusi told Reuters on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/libya-secure-oil-ports-after-disruptions-oil-min" target="_blank">read more</a></p> Military dictatorship oil Political geography Thomson Reuters Wed, 09 Jan 2013 18:00:50 +0000 Thomson Reuters 5732254 at http://www.globalpost.com UPDATE 4-Saudi Arabia cuts oil output as demand eases http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-4-saudi-arabia-cuts-oil-output-demand-eases <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds detail paragraph 4 and analyst quote, paragraph 8)</p> <p>By Amena Bakr</p> <p>DUBAI, Jan 10 (Reuters) - Saudi Arabia has cut oil production substantially, moving to fend off a growing overhang in world oil supply and defend prices well above $100 a barrel.</p> <p>In the last two months of 2012, OPEC's lead producer responded to slower demand by lowering supply by around 700,000 barrels per day (bpd), with output in December falling to around 9 million bpd, an industry source familiar with Saudi policy said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-4-saudi-arabia-cuts-oil-output-demand-eases" target="_blank">read more</a></p> Asia Economic history of Saudi Arabia Entertainment oil Petroleum politics Thomson Reuters Thu, 10 Jan 2013 17:00:24 +0000 Thomson Reuters 5732724 at http://www.globalpost.com Yemen resumes oil flow in main export pipeline -officials http://www.globalpost.com/dispatch/news/thomson-reuters/130112/yemen-resumes-oil-flow-main-export-pipeline-officials <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds quotes, details)</p> <p>SANAA, Jan 12 (Reuters) - Yemen resumed pumping crude through its main oil export pipeline on Saturday, two days after armed tribesmen blew it up in the latest attack on the country's energy infrastructure, government officials and oil industry sources said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130112/yemen-resumes-oil-flow-main-export-pipeline-officials" target="_blank">read more</a></p> Caspian Sea oil Oil pipelines Technology Transneft Thomson Reuters Sat, 12 Jan 2013 14:00:25 +0000 Thomson Reuters 5733564 at http://www.globalpost.com Nigeria to charge 23 with oil theft http://www.globalpost.com/dispatch/news/thomson-reuters/130114/nigeria-charge-23-oil-theft <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Thieves steal estimated 180,000 barrels a day</p> <p>* Two ships found with suspected stolen crude, fuel aboard</p> <p>YENAGOA, Jan 14 (Reuters) - Nigerian authorities are to charge 11 Nigerians, 10 Indians, and 2 Ghanaians with oil theft, after naval patrols intercepted two ships carrying oil and refined fuel in the creeks of the Niger Delta, they said on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/nigeria-charge-23-oil-theft" target="_blank">read more</a></p> Barrel Crack spread Ngozi Okonjo-Iweala oil War Thomson Reuters Mon, 14 Jan 2013 20:15:24 +0000 Thomson Reuters 5734362 at http://www.globalpost.com Nigeria's oil thieves say government leaves them no choice http://www.globalpost.com/dispatch/news/thomson-reuters/130115/nigerias-oil-thieves-say-government-leaves-them-no-choice <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bunkering on the rise in Nigeria's oil delta</p> <p>* Decades of oil production has failed to bring jobs</p> <p>By Akintunde Akinleye</p> <p>RIVER NUN, Nigeria, Jan 15 (Reuters) - The wooden fishing boat navigating Nigeria's mangrove swamps is powered by a generator balanced above its volatile cargo.</p> <p>Shimmering crude oil fills its hull, almost indistinguishable from the polluted water in the creek.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/nigerias-oil-thieves-say-government-leaves-them-no-choice" target="_blank">read more</a></p> Labor Matter oil Oils Social Issues Soft matter War Thomson Reuters Tue, 15 Jan 2013 10:15:32 +0000 Thomson Reuters 5734616 at http://www.globalpost.com UPDATE 1-Nigeria's oil thieves say government leaves them no choice http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-1-nigerias-oil-thieves-say-government-leaves-them-no-cho <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bunkering on the rise in Nigeria's oil delta</p> <p>* Decades of oil production has failed to bring jobs</p> <p>By Akintunde Akinleye</p> <p>RIVER NUN, Nigeria, Jan 15 (Reuters) - The wooden fishing boat navigating Nigeria's mangrove swamps is powered by a generator balanced above its volatile cargo.</p> <p>Shimmering crude oil fills its hull, almost indistinguishable from the polluted water in the creek.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-1-nigerias-oil-thieves-say-government-leaves-them-no-cho" target="_blank">read more</a></p> Labor Matter oil Oils Social Issues Soft matter War Thomson Reuters Tue, 15 Jan 2013 11:00:31 +0000 Thomson Reuters 5734631 at http://www.globalpost.com UPDATE 2-Iraqi Kurds defend oil policy, reject BP Kirkuk deal http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-iraqi-kurds-defend-oil-policy-reject-bp-kirkuk-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* KRG calls plan with BP for Kirkuk illegal</p> <p>* Baghdad and Kurdistan locked in long oil dispute</p> <p>* Kurdish region has begun to truck oil to Turkey</p> <p>By Patrick Markey</p> <p>BAGHDAD, Jan 18 (Reuters) - Iraq's Kurdistan has defended its oil policy as constitutional, and rejected a deal between Baghdad and BP for an oilfield in the disputed city of Kirkuk as an "illegal" step in the autonomous region's feud with the central government.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-iraqi-kurds-defend-oil-policy-reject-bp-kirkuk-deal" target="_blank">read more</a></p> Asia Fertile Crescent Kurdistan Regional Government Middle East oil Technology Thomson Reuters Fri, 18 Jan 2013 08:30:10 +0000 Thomson Reuters 5735997 at http://www.globalpost.com Algeria crisis triggers Libya, Egypt oil security review http://www.globalpost.com/dispatch/news/thomson-reuters/130118/algeria-crisis-triggers-libya-egypt-oil-security-review <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Libya says boost oilfield protection in south</p> <p>* Italy's ENI biggest operator across the border</p> <p>* Some firms in Egypt say reviewing security</p> <p>* Staff evacuation, tighter security to raise costs,</p> <p>By Marie-Louise Gumuchian and Ron Bousso</p> <p>TRIPOLI/LONDON, Jan 18 (Reuters) - Libya rushed to beef up security at its oil fields and energy firms were considering similar measures in Egypt as Islamist militants threatened to attack new installations in north Africa.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/algeria-crisis-triggers-libya-egypt-oil-security-review" target="_blank">read more</a></p> Africa Business Labor Law Military dictatorship oil Political geography Social Issues War Thomson Reuters Fri, 18 Jan 2013 18:30:30 +0000 Thomson Reuters 5736298 at http://www.globalpost.com COLUMN-Peak oil and other fallacies: John Kemp http://www.globalpost.com/dispatch/news/thomson-reuters/130121/column-peak-oil-and-other-fallacies-john-kemp <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(John Kemp is a Reuters market analyst. The views expressed are his own)</p> <p>By John Kemp</p> <p>LONDON, Jan 21 (Reuters) - "The limit of production in this country (the United States) is being reached, and although new fields undoubtedly await discovery, the yearly (oil) output must inevitably decline, because the maintenance of output each year necessitates the drilling of an increasing number of wells.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/column-peak-oil-and-other-fallacies-john-kemp" target="_blank">read more</a></p> Environmental economics oil Petroleum Soft matter Technology Thomson Reuters Mon, 21 Jan 2013 13:30:28 +0000 Thomson Reuters 5737210 at http://www.globalpost.com REFILE-Security fears overshadow new Algerian oil law after siege http://www.globalpost.com/dispatch/news/thomson-reuters/130121/security-fears-overshadow-new-algerian-oil-law-after-siege <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Gas plant siege stirs fear of rising costs</p> <p>* Parliament votes in long-awaited oil, gas law</p> <p>* Costs seen rising across North African oil sector</p> <p>By Emma Farge</p> <p>GENEVA, Jan 21 (Reuters) - Investment in Algeria's oil and gas sector may fall as concerns about the costs of security after a bloody siege at a desert gas plant eclipse the impact of a hydrocarbon law designed to win over foreign firms, executives and analysts said on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/security-fears-overshadow-new-algerian-oil-law-after-siege" target="_blank">read more</a></p> Business International relations Labor Law Member states of OPEC oil Political geography War Thomson Reuters Mon, 21 Jan 2013 18:15:35 +0000 Thomson Reuters 5737379 at http://www.globalpost.com