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| South Sudan expects 1 mln bbls oil to leave Sudan on Saturday Thursday, Jun 27, 2013 11:42 PM PDT By Andrew Green JUBA (Reuters) - South Sudan expects a first oil shipment of 1 million barrels to sail from Sudan's Port Sudan terminal on Saturday, despite a threat from Khartoum to halt cross-border flows, its oil minister said on Thursday. Sudan notified its landlocked neighbor to the south two weeks ago it would close the two export pipelines to Port Sudan within two months unless Juba gave up its support of rebels operating across the shared border. South Sudan, which needs to export its oil through Sudan, denies the claims. ... Full Story | Top |
| Britain plans world's first go-ahead for '3-parent' IVF babies Thursday, Jun 27, 2013 11:34 PM PDT By Kate Kelland, Health and Science Correspondent LONDON (Reuters) - Britain is planning to become the first country in the world to offer controversial "three-parent" fertility treatments to families who want to avoid passing on incurable diseases to their children. The methods, currently only at the research stage in laboratories in Britain and the United States, would for the first time involve implanting genetically modified embryos into women. Critics said the technique was ethically suspect and would eventually lead to a eugenic 'designer baby' market. ... Full Story | Top |
| NASA telescope to probe long-standing solar mystery Thursday, Jun 27, 2013 08:06 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A small NASA telescope was launched into orbit on Thursday on a mission to determine how the sun heats its atmosphere to millions of degrees, sending off rivers of particles that define the boundaries of the solar system. The study is far from academic. Solar activity directly impacts Earth's climate and the space environment beyond the planet's atmosphere. Solar storms can knock out power grids, disrupt radio signals and interfere with communications, navigation and other satellites in orbit. ... Full Story | Top |
| Obama's environmental nominee in jeopardy from Senate Republicans Thursday, Jun 27, 2013 05:38 PM PDT  By Valerie Volcovici WASHINGTON (Reuters) - President Barack Obama made a plea this week for the U.S. Senate to confirm his choice to head the agency that will oversee the core of his new climate change plan, but nominee Gina McCarthy's prospects seem increasingly in doubt. McCarthy was nominated by Obama in March to lead the U.S. Environmental Protection Agency where she is currently the top air quality official. She has yet to receive a vote in the full U.S. Senate after narrowly being approved by the Senate Committee for the Environment and Public Works on a party-line vote. ... Full Story | Top |
| Obama taps Ron Binz to lead energy regulatory body Thursday, Jun 27, 2013 04:17 PM PDT By Ros Krasny WASHINGTON (Reuters) - President Barack Obama has tapped renewable energy advocate Ron Binz as chairman of the Federal Energy Regulatory Commission, the agency that has made headlines in the past year with tough enforcement actions against Wall Street banks. Binz, a Democrat, was named as a commissioner of the regulator and if confirmed by the U.S. Senate would be designated as chairman, the White House said. He would succeed Jon Wellinghoff, who announced his resignation in May. ... Full Story | Top |
| Detroit emergency manager steps up pace in city restructuring Thursday, Jun 27, 2013 03:38 PM PDT  By Nick Carey (Reuters) - Detroit's emergency manager issued a flurry of announcements on Thursday addressing union contracts, power distribution and an errant council president as he steps up the pace of efforts to tackle the city's massive $18.5 billion debt problem. Kevyn Orr stripped City Council President Charles Pugh of his authority and pay, terminated two union contracts that were about to expire so as to allow room to renegotiate them and announced an agreement with power company DTE Energy Co. to take over power distribution to local institutions, including the public school system. ... Full Story | Top |
| NASA probe finds new zone at doorstep to interstellar space Thursday, Jun 27, 2013 02:52 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Reports last summer than NASA's long-lived Voyager 1 space probe had finally left the solar system turned out to be a bit premature, scientists said on Thursday. Rather, the spacecraft, which was launched in 1977 for a five-year mission to study Jupiter and Saturn, has found itself in a previously unknown region between the outermost part of the solar system and interstellar space. ... Full Story | Top |
| U.S. FDA approves new Baxter drug for hemophilia B Thursday, Jun 27, 2013 02:28 PM PDT By Yasmeen Abutaleb WASHINGTON (Reuters) - Patients with a form of the chronic blood disorder hemophilia will soon have a new therapy that not only treats episodes of excessive bleeding, but helps to prevent them. The Food and Drug Administration on Thursday granted U.S. marketing approval for Rixubis, a genetically engineered protein made by Baxter International Inc that represents the first new treatment for the genetic disorder in more than 15 years. ... Full Story | Top |
| TSX climbs as U.S. data buoys mood Thursday, Jun 27, 2013 02:05 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index advanced on Thursday, helped by gains in most major sectors, as U.S. economic data lifted investor sentiment and eased concerns about the recovery in the world's largest economy. At the same time, the market cheered comments from a Federal Reserve official who said the U.S. central bank's asset purchases would be more aggressive than the timeline outlined last week if U.S. economic growth and the labor market turn out weaker than expected. ... Full Story | Top |
| Salini wants to donate 20 million euros to restore Pompeii Thursday, Jun 27, 2013 12:01 PM PDT  MILAN (Reuters) - Italian construction magnate Pietro Salini is prepared to donate 20 million euros ($26 million) to help restore and preserve the ancient city of Pompeii, which has been damaged by weather and plagued by the mafia and corrupt management. "It would be a crime to let Pompeii crumble," Salini, CEO of Impregilo, said at a press conference on Thursday to present the construction company's new strategy plan following a takeover of Impregilo by his family owned group. ... Full Story | Top |
| Enbridge says Ozark crude pipeline restarted Thursday Thursday, Jun 27, 2013 11:45 AM PDT HOUSTON (Reuters) - Enbridge Energy Partners LLC said it restarted its 215,000 barrels-per-day (bpd) Ozark crude pipeline on Thursday after a shutdown for maintenance, and the line was operating at a reduced rate. Enbridge shut the 435-mile pipeline on June 14 for maintenance but excavated a portion of the line under a lake near Tulsa, Oklahoma, for a closer look when an initial inspection indicated it might have weak spots. No leaks were found, Enbridge spokesman Larry Springer said. ... Full Story | Top |
| Marc Rich, 'King of Oil', laid to rest in quiet Israel ceremony Thursday, Jun 27, 2013 11:38 AM PDT  By Steven Scheer KIBBUTZ EINAT, Israel (Reuters) - Billionaire Marc Rich, the pioneering oil trader who was also a fugitive from U.S. justice for tax evasion, racketeering and busting sanctions with Iran, was laid to rest in a quiet funeral outside Tel Aviv on Thursday. About 100 people, mostly family and old business associates, attended the Jewish religious funeral in the pastoral grounds of Kibbutz Einat, where those who spoke described Rich as loving, kind and generous and not as his public image might suggest. ... Full Story | Top |
| Nexen cuts Long Lake oil sands production after Enbridge spill Thursday, Jun 27, 2013 11:19 AM PDT CALGARY, Alberta (Reuters) - Nexen Inc said Thursday it has reduced production at its Long Lake oil sands project in northern Alberta after Enbridge Inc shut down a 17 kilometer pipeline serving the facility following a 750-barrel leak. A spokeswoman for Nexen, which is owned by CNOOC Ltd would not provide specific numbers on how much production had been reduced. "We're working with Enbridge to get the pipeline operating as quickly as it is safe to do so," spokeswoman Patti Lewis said in an email. (Reporting by Nia Williams; Editing by Gerald E. McCormick) Full Story | Top |
| SapuraKencana, Seadrill win $2.7 billion Petrobras contract Thursday, Jun 27, 2013 09:01 AM PDT KUALA LUMPUR (Reuters) - Brazil's state-run oil firm Petrobas SA has awarded a $2.7 billion offshore support vessel contract to Norway's Seadrill and Malaysia's SapuraKencana , the latter firm said on Thursday. Their joint venture - Sapura Navegacao Maritima - won an 8-year deal to build, charter and operate three pipe-laying vessels, with delivery scheduled for the second quarter of 2016, the company said in a stock exchange filing. Petrobras can extend the contract by further 8 years. A decision to build the ships outside of Brazil comes as Petrobras seeks to cut costs by $15. ... Full Story | Top |
| Rosneft offers to buy out small TNK-BP shareholders in cut-price deal Thursday, Jun 27, 2013 08:45 AM PDT  By Katya Golubkova MOSCOW (Reuters) - Russian state oil major Rosneft on Thursday offered to buy out small shareholders in TNK-BP Holding but said it would pay less for the stock than the price at the time of the takeover in March. Chief executive Igor Sechin said that Rosneft was not a "charity fund" when it bought TNK-BP and did not intend to buy out minority shareholders, raising complaints from them and questions from international investors about corporate governance in Russia. Following the TNK-BP deal, Rosneft became the world's No. 1 oil producer by output, pumping 4. ... Full Story | Top |
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