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New EIA data revise Oklahoma's oil production up by 100,000 barrels per day

(Fri, 12 Feb 2016) EIA's <em>Petroleum Supply Monthly</em>, published on January 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology, which was informed by state-reported data.

UPDATE 2-Crude prices jump 5 pct, but oversupply still damps outlook

* But analysts say output agreement remains unlikely (Adds unwinding of hedges, bullet points, updates prices)

UPDATE 1-Iran, Brazil in talks on investment in Brazil refineries -source

BRASILIA, Feb 11 (Reuters) - Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.

U.S. crude prices jump 4 pct from 12-year lows, but outlook still bleak

SINGAPORE, Feb 12 (Reuters) - U.S. crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.

Brazil court freezes Vale, BHP, Samarco assets -report

RIO DE JANEIRO, Feb 11 (Reuters) - A judge in Brazil's state of Minas Gerais has frozen 470 million reais ($118 million) of assets owned by Vale SA and 1.8 million reais linked to BHP Billiton Ltd to ensure payment of damages related to a deadly dam rupture, Rio de Janeiro's O Globo newspaper said on Thursday.

NREL's new refinery process produces renewable fuels from algae

Scientists at the Energy Department's National Renewable Energy Laboratory (NREL) have developed a new biorefinery process whcih has been proven to be significantly more effective at producing ethanol from algae than previous research.

Ventech Engineers signs contract for ENVIA's Oklahoma City GTL plant

ENVIA Energy's EPC contractor, Ventech Engineers, has signed the final major contract, covering installation of process modules, related piping and ancillary equipment, for ENVIA's Oklahoma City GTL plant to be located adjacent to Waste Management's East Oak landfill site.

UPDATE 1-BNP Paribas exits niche U.S. energy loan market on oil price rout

Feb 11 (Reuters) - France's largest bank BNP Paribas is pulling out of a niche U.S. energy lending business for the second time in four years after plunging oil prices dragged what was once seen as some of the safest energy loans into losses.

INSIGHT-Elon Musk's vision is not for the faint of heart

Feb 10 (Reuters) - Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff.

Woodside hits promising second gas find off Myanmar

MELBOURNE, Feb 12 (Reuters) - Woodside Petroleum Ltd said on Friday it had discovered gas at its second well off Myanmar, on the opposite side of the offshore Rakhine Basin where it hit gas in January, calling the two finds "very encouraging".

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