Methodology: These daily business intelligence reports are produced by our business partner - Esmerk. Each day between 5am and 11am Analysts throughout the World are scanning every journal, publication, newspaper and web site to put together a detailed comprehensive profile of news featuring the downstream petroleum industry specialising in the retail petroleum market. Within the My Account section you can chose to receive Global, European or UK data. Daily headline information is also sent via email.
Cold winter boosts Gazprom profit Russian gas monopoly Gazprom reports a threefold surge in profits for the first three months of the year, despite a sharp fall in gas prices.
Amor Group Wins Two Prestigious Business Awards Leading global provider of business technology solutions Amor Group won two top awards at last nights prestigious Scottish Business Insider Deals amp Dealmakers Awards ceremony for a management
Risks remain with Gulf well cap coming off [AP] - The image of thick crude gushing from a blown-out oil well a mile beneath the Gulf of Mexico was turned off when a tightly fitting cap was secured on top a month-and-a-half ago.
World Fuel Services Corporation Declares Regular Quarterly Cash Dividend [Business Wire] - MIAMI----World Fuel Services Corporation announced today that its board of directors has declared a quarterly cash dividend of $0.0375 per share payable on October 6, 2010 to shareholders of record on September 17, 2010.
Jobless claims fell 6,000 last week WASHINGTON (Reuters) - New claims for unemployment benefits fell last week, government data showed on Thursday, but were still too high to signal a change in fortunes for the troubled labor market.
Burger King buyout seen at $24/share: report NEW YORK (Reuters) - A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion, cable business channel CNBC reported on Thursday.
Few Americans see manufacturing as a career: survey NEW YORK (Reuters) - Fewer than a third of Americans would choose manufacturing if they were starting their careers now, according to a new survey that finds pessimism about the long-term direction of U.S. industry.
Salamander Energy Spuds Dambus-1 Exploration Well in Indonesia Salamander Energy plc the Asia focussed independent oil and gas exploration and production company announces that the Trident1X jack up rig has arrived at the Dambus1 Dambus location in the Ku
JKX Oil & Gas Provides Exploration Update JKX Oil amp Gas plc provides an update on exploration activities in Bulgaria and Hungary. Bulgaria JKX announces that the first of two wells testing amplitude supported gas prospects onshore Bul
Denbury Provides ENP Update [Business Wire] - DALLAS----Denbury Resources Inc. , as the owner of Encore Energy Partners GP LLC , the general partner of Encore Energy Partners LP , together with ENP, today announced that Denbury and ENP have terminated the previously announced consideration of a sale or other asset transaction between Denbury and ENP regarding Elk Basin field.
PXP Announces Upcoming Investor Event [PR Newswire] - Plains Exploration & Production Company announces that a member of management is scheduled to present at the Barclays Capital CEO Energy-Power Conference on Thursday, September 16, 2010 at 9:05 a.m.
HP ups bid for 3PAR -- 3PAR to end deal with Dell NEW YORK (Reuters) - Hewlett-Packard Co raised its offer for data storage company 3PAR Inc by $3 to $33 per share, after rival bidder Dell Inc raised its offer to $32, instead of bowing out as many expected.
Bernanke says govt must follow through on new law WASHINGTON (Reuters) - Tough government follow-through on a freshly minted U.S. financial law will be crucial to ensure no bank or firm grows so large that its collapse could jeopardize the entire economy, Federal Reserve Chairman Ben Bernanke said on Thursday.
ECB ups eurozone growth forecasts The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold.
High-Yield MLPs Rise After Market Rally, Analysts Bullish on Select Players [Indie Research] - Known for their oversized distributions, master limited partnerships jumped yesterday as the broader market staged a big upside rally.
Marathon Oil Corporation to Participate in the Barclays CEO Energy/Power Conference 2010 [PR Newswire] - Marathon Oil Corporation announced today that Dave Roberts, Marathon executive vice president, Upstream, will be presenting at the Barclays CEO Energy/Power Conference on Thursday, Sept. 16, 2010, at 1:45 p.m.
Pending home sales rise 5.2 percent in July WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
Mortgage rates hit another record low: Freddie Mac NEW YORK (Reuters) - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Plans for more £5 notes in ATMs All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals.
Greenpeace Protesters Arrested On Oil Rig Four Greenpeace activists have been arrested after abandoning their 40-hour protest on the Stena Don oil rig in Baffin Bay, Greenland.
Man killed in Okla. crane accident identified [AP] - Authorities have released the name of a man who was killed in a crane accident at the campus of Chesapeake Energy Corp. in Oklahoma City.
Tube strikes on as talks collapse Thousands of Tube workers will strike next week as talks between London Underground bosses and two unions break down.
Enviro groups question oyster safety off Louisiana [AP] - Sampling by environmental groups has found oysters contaminated with oil along the Louisiana coast befouled by the BP PLC oil spill, a finding that casts doubt on statements by state and federal officials that all seafood tested here is safe to eat.
Explosion on Gulf of Mexico rig An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the oil rig blast in April that caused a huge oil spill.
Mariner Energy Oil Rig Incident In Gulf Of Mexico West of the platform where the Deepwater Horizon platform exploded in April causing months of devastation a new blast has ripped through an oil rig. The coastguard  said all 13 workers on board are
Stock index futures dip ahead of payrolls (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures down 0.17 percent and Nasdaq100 futures flat at 0725 GMT (3:25 a.m. ET).
Heavy in dollars, China warns of depreciation BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Payrolls seen falling, private hiring tepid WASHINGTON (Reuters) - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.
BP oil spill costs hit $8 billion as ends rig probe LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
Murdoch: Global economy is still not out of turmoil NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable
Banks admit better disclosure on bonuses needed LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures.
BP says oil spill cost up to $8bn BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone.
UK builders and services falter New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.
Europe agrees finance watchdogs The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.
Chinese consider rival Potash bid Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation.
The mint with a whole lot of food miles A British discount store is buying in Polo mints from Indonesia even though the same mints are being manufactured just a mile up the road in York.
OGX Announces New Gas Shows in the ParnaÃba Basin OGX the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil announced today that its subsidiary OGX Maranhão has identified additional evidence of ga
Josh Strasner Appointed CEO of Logica in North America Logica a leading business and technology service company announces the appointment of Josh Strasner as CEO for its operations in North America. In this role he will be responsible for Logicas
Composite Energy Receives $7 million Cash Injection From Dart Energy Composite Energy Limited the Scottishbased specialist in the extraction of natural gas from coal seams announces that Australian Stock Exchange listed Dart Energy Limited Dart has investe
BP Costs Rise As New Spill Fears Allayed BP has said the cost of tackling the Gulf of Mexico disaster has risen to £5.2bn - as fears were allayed over another rig blaze in the region.
Fugitive Tycoon Finally Faces The Music Fugitive tycoon Asil Nadir has arrived at court to finally face multi-million pound charges over the collapse of his Polly Peck business empire.
Balls Calls For Spending Spree On New Jobs Unemployment should be tackled by spending £250m on creating 200,000 jobs and placements for people out of work, Labour leadership hopeful Ed Balls has said.
Southwestern Energy names 2 new directors [AP] - Southwestern Energy Co. said Thursday that it has named two new directors to its board. Alan H. Stevens and Gregory D. Kerley joined the board on Monday, the natural gas and oil production and exploration company said.
Pioneer Natural Resources to Present At Barclays Capital CEO Energy-Power Conference [Business Wire] - DALLAS----Pioneer Natural Resources Company today announced that Scott Sheffield, Chairman and CEO, will present at the Barclays Capital CEO Energy-Power Conference on Wednesday, September 15, 2010 at 9:05 a.m.
Texas company working to plug leaking ND oil well [AP] - A Texas company worked Thursday to seal the underground piping of a faulty oil well that has leaked more than 1,100 barrels of crude and water at a drill site in western North Dakota.
Enterprise Inks EOG Deals [Zacks] - Enterprise Products Partners L.P and EOG Resources Inc. join hands to provide diverse midstream energy services in South Texas Eagle Ford Shale.
London Markets: Stocks in London edge up; U.S. jobs data in focus [at MarketWatch] - Stocks in London trade marginally higher as investors position themselves for U.S. jobs data.
Statoil paves way for IPO of filling stations [at Financial Times] - Statoil STO on Thursday signalled it was pushing ahead with the planned spin-off of its international chain of filling stations as the Norwegian energy group sought to sharpen its focus on oil and gas exploration.
Nabors gets commitments for $700M credit facility [AP] - Oil and gas driller Nabors Industries Ltd. said Thursday that it received commitments from lenders for a $700 million revolving credit facility.
Ex-GM CEO Fritz Henderson to head Sunoco spin-off [AP] - Sunoco Inc. has tapped former General Motors CEO Fritz Henderson to lead the energy spin-off it is forming early next year.
Sunoco Declares Quarterly Dividend of $0.15 Per Share on Common Stock [Business Wire] - PHILADELPHIA----Sunoco, Inc.’s Board of Directors today declared a cash dividend for the fourth quarter of 2010 of $0.15 per share on all full shares of common stock outstanding, payable December 10, 2010 to shareholders of record at the close of business on November 17, 2010.
Frederick A. "Fritz" Henderson Joins Sunoco to Lead SunCoke Energy [Business Wire] - PHILADELPHIA----Sunoco, Inc. announced today that Frederick A. “Fritz� Henderson has joined the company as a senior vice president to help prepare for the previously announced separation of SunCoke Energy from Sunoco.
VeraSun asking corn farmers for repayment [AP] - Midwest farmers who sold corn to bankrupt ethanol producer VeraSun Energy Corp. have been receiving official letters asking for most of that money back.
Service sector spotlight shines on Germany, China LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
Shopping malls: saviour or curse? Meadowhall in Sheffield was one of the first giant shopping centres in the UK. What sort of effect has it had on the local area?
Patterson-UTI Reports Drilling Activity for August 2010 [PR Newswire] - PATTERSON-UTI ENERGY, INC. today reported that for the month of August 2010, the Company had an average of 180 drilling rigs operating, including 171 rigs in the United States and 9 rigs in Canada. Â For the two months ended August 2010, the Company had an average of 176 drilling rigs operating, including 168 rigs in the United States and 8 rigs in Canada.
Pub Chain Serves Up Jobs For 16-Year-Olds Discount pub chain JD Wetherspoon has announced plans to create 1,000 jobs for school leavers aged 16 and 17.
Campbell Soup profit beats estimates CHICAGO (Reuters) - Campbell Soup Co reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, even as U.S. soup sales fell.
US sees 54,000 jobs go in August The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show.
Walgreen same-store sales miss expectations CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
SOCO Update on Nganga Well Onshore the Democratic Republic of Congo SOCO International plc announces that its subsidiary SOCO Exploration amp Production DRC SPRL has reached total depth on the wildcat exploration well Nganga 1 NGA1 in the Nganzi Block
Magellan Petroleum Corporation Earnings Summary and Strategic Discussion [PR Newswire] - Magellan Petroleum Corporation reported a consolidated net loss of $1.5 million or $0.03 per share on gross revenues of $28.5 million for its fiscal year ended June 30, 2010, as compared to net income of $665,000 or $0.02 per share, on revenues of $28.2 million in fiscal 2009.
Obama says to address new economic ideas next week WASHINGTON (Reuters) - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.
Non-manufacturing sector slows in August: ISM NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.
Pacific Rubiales Announces Successful Additional Farmout Agreements Pacific Rubiales Energy Corp. has executed an agreement with Petrodorado South America S.A. a whollyowned subsidiary of Petrodorado Energy Ltd. for the earnin of an additional participating intere
Tethys Petroleum Provides Kazakhstan Drilling Update Tethys Petroleum Limited provides an update on its operations in Kazakhstan focused on its oil exploration and appraisal program. The AKD03 Dione exploration well is currently at a depth of 2823 m
Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
Global food prices reach 20 year high Global food prices have reached a 20 year high and there are concerns they could climb even further after Russia decided to extend its ban on wheat exports.
Mass. AG tracking deliveries of faulty propane [AP] - A fatal explosion at a Massachusetts condominium project in July has led the state attorney general to investigate the delivery of faulty propane to locations across New England and New York.
Fire Puts Offshore Drillers Back in Focus [Indie Research] - An oil platform fire in the Gulf of Mexico jolted offshore drilling stocks yesterday, and while the knee-jerk reaction on Wall Street may have been overdone, the news sparked further discussion of a drilling ban.
