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| Operator of crippled Japan nuclear plant says tank leaked contaminated water Monday, Aug 19, 2013 09:13 PM PDT  TOKYO (Reuters) - The operator of Japan's crippled Fukushima nuclear plant said on Tuesday it believes about 300 tons of highly contaminated water has leaked from a storage tank designed to hold overflows from the site. Japan's Nuclear Regulation Authority has classified the leak as a level 1 incident, the second lowest, on an international scale for radiological releases, a spokesman told Reuters on Wednesday. ... Full Story | Top |
| Oil-by-rail pioneer U.S. Development Group cashing up, not out Monday, Aug 19, 2013 09:07 PM PDT By Jonathan Leff NEW YORK (Reuters) - After a major $500 million deal late last year, Texas-based oil-by-rail pioneer Dan Borgen might be forgiven for packing it in. The sale of five crude oil terminals to Plains All American Pipeline was a landmark for U.S. Development Group, the Pasadena, Texas-company Borgen helped found two decades ago, initially to invest in the rail industry. It came just months before a dramatic collapse in the spread between U.S. inland crude and global benchmarks this year, a shift that has slowed the burgeoning trend of shipping oil by rail. ... Full Story | Top |
| Mexico left-leaning party proposes limited energy reform Monday, Aug 19, 2013 06:59 PM PDT  By David Alire Garcia MEXICO CITY (Reuters) - Mexico's largest left-of-center political party has proposed a plan that would revamp state-oil monopoly Pemex, but without amending the constitution to permit more private investment in the oil, gas and electricity sectors, as the government has suggested. The proposal of the opposition Party of the Democratic Revolution, or PRD, seeks to modernize Pemex by providing it with budget and management autonomy, and create a new fund to administer the nation's energy riches. ... Full Story | Top |
| China probe is latest legal headache for JPMorgan Monday, Aug 19, 2013 03:54 PM PDT  By David Henry NEW YORK (Reuters) - A federal bribery investigation into whether JPMorgan Chase & Co. hired the children of key Chinese officials to help it win business is just the latest in a series of legal and regulatory headaches for Chief Executive Jamie Dimon. Dimon piloted the bank through the financial crisis, but it is now facing at least a dozen investigations from federal agencies and state and foreign governments, including over the "London Whale" trading scandal that cost it more than $6.2 billion. ... Full Story | Top |
| Mexico opposition party, PRD, proposes limited energy reform Monday, Aug 19, 2013 02:28 PM PDT  By David Alire Garcia MEXICO CITY (Reuters) - Mexico's largest left-of-center political party proposed a plan on Monday that would revamp state-oil monopoly Pemex, but without amending the constitution to permit more private investment in the oil, gas and electricity sectors, as the government has proposed. The proposal of the opposition Party of the Democratic Revolution, or PRD, would provide Pemex with budget and management autonomy, and create a new fund to administer the nation's energy riches. The proposal would also gradually lower the company's tax burden by 9 percent to 62. ... Full Story | Top |
| In Australia, manufacturing's not dead, just changing Monday, Aug 19, 2013 02:21 PM PDT  By Jane Wardell SYDNEY (Reuters) - At a bright, airy plant in the outer suburbs of Sydney, large automated machines hiss quietly as they create motherboards for stereo video microphones that will be shipped around the world. A few miles down the road, the long arm of a robotic machine at Quickstep Holdings Ltd shapes a carbon fiber composite car panel for trials with automakers including Germany's Audi AG . ... Full Story | Top |
| Police detain protesters at anti-fracking demo Monday, Aug 19, 2013 12:45 PM PDT  By Sarah Young BALCOMBE (Reuters) - British police dispersed hundreds of protesters who blocked access to an oil exploration site in rural England on Monday in an intensification of an almost month-long standoff over the nascent shale gas extraction industry. A total of 36 people were detained, both in the village of Balcome and in London, in the first of two days of "direct action" against the drilling process known as fracking, which protesters fear may trigger small earthquakes and pollute water supplies. ... Full Story | Top |
| British police detain protesters at anti-fracking demo Monday, Aug 19, 2013 12:41 PM PDT  By Sarah Young BALCOMBE, England (Reuters) - British police dispersed hundreds of protesters who blocked access to an oil exploration site in rural England on Monday in an intensification of an almost month-long standoff over the nascent shale gas extraction industry in Britain. A total of 36 people were detained, both in the village of Balcome and in London, in the first of two days of "direct action" against the drilling process known as fracking, which protesters fear may trigger small earthquakes and pollute water supplies. ... Full Story | Top |
| Nigerian army says Boko Haram leader may be dead Monday, Aug 19, 2013 12:18 PM PDT By Ibrahim Mshelizza MAIDUGURI, Nigeria (Reuters) - The leader of militant Islamist sect Boko Haram, Abubakar Shekau, may have died of gunshot wounds some weeks after a clash with soldiers, the Nigerian military said on Monday. Past reports of Shekau's death have proved false and there was no independent confirmation of the army account. In a statement, the army said that Shekau, blamed for a campaign of deadly attacks on security targets and churches across Africa's biggest oil-producing country, was hit during a gunbattle near one of his camps in the northeast on June 30. ... Full Story | Top |
| Nigerian navy says kills 12 pirates in gun battle Monday, Aug 19, 2013 09:23 AM PDT YENAGOA, Nigeria (Reuters) - The Nigerian navy killed 12 pirates in a gun battle as they tried to flee from a fuel tanker they hijacked off the coast of the Gulf of Guinea last week, the navy said on Monday. Pirates took control of the St. Kitts and Nevis-flagged MT Notre on August 15, but an emergency signal was sent to the navy and several gunships were deployed to recover the vessel, Navy Flag Officer Rear Admiral Sidi-Ali Hassan told reporters. ... Full Story | Top |
| British police arrest Green MP, protesters at anti-fracking demo Monday, Aug 19, 2013 08:15 AM PDT BALCOMBE, England (Reuters) - Police at an anti-fracking camp in rural England arrested at least a dozen protesters on Monday, including Green Party lawmaker Caroline Lucas, according to a Reuters reporter. The arrests were made as a long-running standoff at an oil exploration site turned violent with several protesters seen being carried by police into vans in the village of Balcombe in West Sussex about 35 miles (55 km) south of London. Opponents of the drilling process known as 'fracking' have already forced privately owned Cuadrilla Resources to suspend oil drilling at the site. ... Full Story | Top |
| Total reports Gabon offshore gas discovery Monday, Aug 19, 2013 07:09 AM PDT  GENEVA (Reuters) - French oil major Total has discovered gas condensate in deep waters off the coast of Gabon, its local branch said in a statement on Monday. The discovery, made in a layer of the ocean bed referred to as pre-salt, could galvanise interest in the central African country's hydrocarbon sector where production has been declining. "Situated at more than 100 kilometres from the Gabonese coast, this exploration work revealed an accumulation of gas condensate," the Total Gabon statement said. It did not comment on the scale of the find, adding that it was still analysing the data. ... Full Story | Top |
| Statoil funds growth, OMV seals output with $2.65 billion North Sea deal Monday, Aug 19, 2013 05:43 AM PDT  By Balazs Koranyi and Michael Shields OSLO/VIENNA (Reuters) - Norway's Statoil sold stakes in North Sea oil fields to Austria's OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets. The deal, which analysts said came at a comfortable premium, gives OMV a foothold in one of Norway's biggest future oil developments and underlines a rebound in North Sea investments driven by a string of new oil field discoveries as well as high oil prices and better recovery technology. ... Full Story | Top |
| Seychelles, Mauritius plan joint offshore oil, gas exploration Monday, Aug 19, 2013 05:04 AM PDT By George Obulutsa NAIROBI (Reuters) - Seychelles and Mauritius plan to jointly explore for petroleum in an area in the Indian Ocean that they both own. East Africa has become a focal point for exploration after oil discoveries in Uganda and Kenya and natural gas deposits in Tanzania and Mozambique. "An Authority will be established to deal with the Licensing and to oversee the activities in the Joint management Area. All revenues will be split 50:50," Eddy Belle, chief executive officer of Seychelles upstream regulator PetroSeychelles said in an emailed response to questions from Reuters. ... Full Story | Top |
| Mexico to open new and mature oil, gas fields to private firms Monday, Aug 19, 2013 04:58 AM PDT  By David Alire Garcia, Simon Gardner and Ana Isabel Martinez MEXICO CITY (Reuters) - Mexico will open up a range of new and mature oil and gas fields to private firms under a proposed energy industry overhaul, and new partnerships with state oil monopoly Pemex could be launched in the second half of next year, a top government official said. The energy reform bill proposed last week by President Enrique Pena Nieto would enact a new profit-sharing contracting model to lure in private investment. ... Full Story | Top |
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