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Notice of Changes to the Weekly Natural Gas Storage Report

(Mon, 31 Aug 2015) To enhance the transparency and utility of the Weekly Natural Gas Storage Report (WNGSR), the U.S. Energy Information Administration (EIA) will make several important changes:
The regional breakdown of the data will now include five regions for working gas in the Lower 48 states.
The threshold for published revisions and reclassifications between working and base gas will be reduced from 7 billion cubic feet (Bcf) to 4 Bcf.

Berkshire Hathaway reveals $4.48bn stake in Phillips 66

Warren Buffett's Berkshire Hathaway has revealed that it has acquired a $4.48bn stake in the oil refiner Phillips 66.

Saipem secures contract in Al-Zour new refinery project in Kuwait

Kuwait National Petroleum (KNPC) has awarded a $1.3bn contract to Saipem for delivery of package 4 and 5 of the Al-Zour new refinery project (NRP), located 90km south of Kuwait City.

Punj Lloyd secures EPC contract for Indian Oil’s Haldia refinery

Indian Oil (IOCL) has awarded Rs10.94bn ($165m) engineering, procurement and construction contract to Punj Lloyd for delivery of the package 2 at Haldia refinery in the Indian state of West Bengal.

WORLD-NEWS-SCHEDULE AT 1800 GMT/2 PM ET

TRIPOLI - Seven die when boat carrying migrants sinks off Libya's coast, the second such fatal accident at sea within days, while European leaders struggle to find a coherent policy on refugee crisis. (EUROPE-MIGRANTS/(WRAPUP 1, PIX, TV), moved, by Ahmed Elumami and Marton Dunai, 800 words)

UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast

* Italy's Eni has full rights to develop the site (Adds background)

UPDATE 1-Italy's Eni makes mega gas discovery off Egyptian coast

ROME/MILAN, Aug 30 (Reuters) - Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come.

Ghana strike ends but election campaign to test IMF deal further

ACCRA, Aug 30 (Reuters) - Ghana faced down the first major challenge to an IMF austerity programme on Monday when doctors suspended a three-week strike but a bigger test of President John Mahama's commitment will come next year as he fights for reelection.

Italy's Eni makes mega gas discovery off Egyptian coast

ROME, Aug 30 (Reuters) - Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting that the find could help meet Egypt's gas needs for decades to come.

China needs further action to stop water pollution - vice premier

BEIJING, Aug 30 (Reuters) - China faces a "formidable task" to clean up its rivers and lakes and needs a fundamental change in attitudes to prioritise the environment over economic development at all cost, vice premier Wang Yang said.

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