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| Factbox: The energy behind Qatar's rising power Wednesday, Jun 26, 2013 12:02 AM PDT (Reuters) - Most of Qatar's wealth is generated from selling liquefied natural gas (LNG) produced from the world's biggest gas field, which it shares with Iran. Western companies supplied Qatar the technology to chill its gas into LNG for export, while western governments have prevented Iran from doing the same with its share. Oil and gas sector generated over half of Qatar's gross domestic product (GDP) in 2012, according to the Qatar Statistics Authority (QSA). Gas exports earned about $7. ... Full Story | Top |
| Chinese astronauts land safely after "perfect" space mission Wednesday, Jun 26, 2013 12:00 AM PDT  BEIJING (Reuters) - Three Chinese astronauts returned to Earth on Wednesday, touching down in north China's Inner Mongolia after a successful 15-day mission in which they docked with an experimental manned space laboratory. The Shenzhou 10 spacecraft, China's fifth manned space mission since 2003, completed the final trial docking with the Tiangong (Heavenly Palace) 1, critical in Beijing's quest to build a working space station by 2020. China Central Television showed the re-entry of the capsule, dangling from an orange parachute, and its landing on flat grasslands shortly after 8 a.m. ... Full Story | Top |
| Qatar to change PM under new emir: Jazeera Tuesday, Jun 25, 2013 11:15 PM PDT DOHA (Reuters) - Al Jazeera television said on Wednesday that Qatar's prime minister, a driving force behind the country's rise to global prominence, would be replaced in a cabinet reshuffle following the accession of a new emir in the U.S.-allied Gulf Arab state. The Qatar-based satellite channel said current minister of state for interior affairs, Sheikh Abdullah bin Naser al-Thani, had been chosen to be the next prime minister, succeeding the powerful Sheikh Hamad bin Jassim al-Thani, who is also the foreign minister. ... Full Story | Top |
| As floodwaters rose, Calgary mayor made his mark Tuesday, Jun 25, 2013 11:14 PM PDT  By Nia Williams and Scott Haggett CALGARY, Alberta (Reuters) - By last Friday morning in Canada's oil capital, the scope of the disaster facing Calgary was becoming clear, and the reputation of the city's first-term mayor was rising along with the floodwaters. As the two rivers in the city of 1.1 million reached new heights in the worst flooding the province of Alberta has ever seen, a growing list of neighborhoods were evacuated and the downtown home to Canada's largest oil companies was shut down as electrical substations failed. ... Full Story | Top |
| U.S. energy companies seen at risk from cyber attacks: CFR report Tuesday, Jun 25, 2013 09:10 PM PDT  WASHINGTON (Reuters) - U.S. oil and natural gas operations are increasingly vulnerable to cyber attacks that can harm the competitiveness of energy companies or lead to costly outages at pipelines, refineries or drilling platforms, a report said on Wednesday. The energy business, including oil and gas producers, was hit by more targeted malware attacks from April to September last year than any other industry, said the Council on Foreign Relations (CFR) report, citing data from a Houston-based security company, Alert Logic. ... Full Story | Top |
| Rousseff's referendum plan for Brazil runs into trouble Tuesday, Jun 25, 2013 05:44 PM PDT  By Anthony Boadle BRASILIA (Reuters) - Brazilian President Dilma Rousseff's bid to defuse a sudden outburst of national discontent by proposing a referendum on political reforms ran into stiff opposition on Tuesday from politicians and lawyers who questioned its legality. Tens of thousands of Brazilians have taken to the streets this month in the biggest protests in 20 years, fueled by an array of grievances ranging from poor public services to the high cost of World Cup soccer stadiums and corruption. ... Full Story | Top |
| Rivals read what they want in Obama Keystone remarks Tuesday, Jun 25, 2013 05:35 PM PDT By Roberta Rampton WASHINGTON (Reuters) - When President Barack Obama weighed in on the Keystone XL pipeline controversy on Tuesday, his comments became a kind of Rorschach inkblot test for rival lobbies, reflecting their wishes for the fate of the long-delayed project. The pipeline, designed to carry 830,000 barrels of crude oil per day from the Canadian oil sands and the Bakken shale in North Dakota and Montana south to Texas refineries, was first proposed in 2008, but approval has been delayed several times due to a groundswell of criticism. ... Full Story | Top |
| Scientists find neighbor star with three planets in life-friendly orbits Tuesday, Jun 25, 2013 05:27 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A neighbor star has at least six planets in orbit, including three circling at the right distance for water to exist, a condition believed to be necessary for life, scientists said on Tuesday. Previously, the star known as Gliese 667C was found to be hosting three planets, one of which was located in its so-called "habitable zone" where temperatures could support liquid surface water. That planet and two newly found sibling worlds are bigger than Earth, but smaller than Neptune. ... Full Story | Top |
| Wall Street rises on robust U.S. data after recent slide Tuesday, Jun 25, 2013 04:03 PM PDT  By Alison Griswold NEW YORK (Reuters) - U.S. stocks rose by the most in nearly two weeks on Tuesday after data showed business investment and the housing recovery continued apace, reassuring investors worried about the Federal Reserve's plans to reduce its massive monetary stimulus. Analysts said the gains were fueled by a mix of buyers: hedge funds and both small and wealthy retail clients attracted by the market's recent drop. Position trimming by institutions due to recent volatility pulled the market back from its highs in the final minutes of trading. ... Full Story | Top |
| Hedge funds hope losing shorts on U.S. natural gas will pay off Tuesday, Jun 25, 2013 02:54 PM PDT By Barani Krishnan and Joe Silha NEW YORK (Reuters) - This year's early rally in U.S. natural gas prices dealt heavy losses to hedge funds that stubbornly maintained short positions in the face of brutally cold weather, and the price slide of the past two months has not yet erased losses that prompted some investors to flee the funds, industry sources say. ... Full Story | Top |
| Enbridge reopens part of Alberta oil pipeline after leak Tuesday, Jun 25, 2013 02:03 PM PDT By Edward McAllister and Ratul Ray Chaudhuri (Reuters) - Enbridge Inc has returned a large section of its 540-km (335-mile) Athabasca oil pipeline in Alberta to service after severe flooding in the western Canadian province last week, and it said on Tuesday other lines are expected back soon. A leak was detected on Saturday on a smaller line linking to the 345,000 barrel per day Athabasca line after some suspected earth movement during the floods, forcing Athabasca and other main crude arteries in the region to shut as a precaution. ... Full Story | Top |
| Canada's oil capital Calgary starts slow clean-up from floods Tuesday, Jun 25, 2013 01:55 PM PDT  By Nia Williams CALGARY, Alberta (Reuters) - Canada's oil capital, Calgary, started the slow process of cleaning up its downtown on Tuesday in the aftermath of record-breaking floods, with many business owners returning for the first time to properties they were forced to leave last week. Parts of the city's center were still without power, and most shops, hotels and businesses were closed for a fifth consecutive day. "It's kind of spooky, it's so quiet," said Calgary resident Don Usselman, a remediation technologist, as he carried hoses to help pump out a basement. ... Full Story | Top |
| In Keystone boost, U.S. study sees no added risk from Canada oil Tuesday, Jun 25, 2013 01:53 PM PDT By Timothy Gardner WASHINGTON (Reuters) - The Keystone XL pipeline got a boost on Tuesday as a landmark U.S.-mandated report said heavy Canadian oil is no more likely to cause pipeline leaks than other crudes, knocking back one of the biggest objections to the project. Following a series of high-profile pipeline leaks over the past three years, environmental groups raised the alarm over the prospect that Canada's growing stream of heavy bitumen crude, which is diluted with light fuel to flow through pipelines, could corrode the lines due to its acid and mineral content. ... Full Story | Top |
| SandRidge Energy names energy exec LeBlanc as CFO Tuesday, Jun 25, 2013 01:47 PM PDT (Reuters) - U.S. oil and gas company SandRidge Energy Inc on Tuesday named energy executive Eddie LeBlanc as its chief financial officer. LeBlanc replaces James Bennett. Bennett was named chief executive of the Oklahoma City, Oklahoma, company last week after the board ousted former Chief Executive Tom Ward. SandRidge removed founder and CEO Ward last week after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders. ... Full Story | Top |
| Analysis: CB&I has early-bird edge as U.S. approves LNG export plants Tuesday, Jun 25, 2013 11:48 AM PDT  By Braden Reddall (Reuters) - Engineering companies like Chicago Bridge & Iron and their shareholders are salivating at the prospect of more U.S. natural gas exports as regulators begin to sign off on the plants needed to move gas abroad. Last month's approval of Freeport LNG Development's liquefied natural gas (LNG) project in Texas indicates more will come, and analysts expect maybe five or six will be built. ... Full Story | Top |
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