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UPDATE 2-U.S. court rejects Ecuador challenge to $96 mln Chevron award

NEW YORK, Aug 4 (Reuters) - A U.S. appeals court on Tuesday rejected Ecuador's challenge to a $96 million international arbitration award in favor of energy giant Chevron Corp, marking the latest twist in a decades-long dispute over the development of oil fields in the South American country.

UPDATE 3-Mexico reduces hurdles, tweaks terms for next phase of oil auction

MEXICO CITY, Aug 4 (Reuters) - Mexico's oil regulator voted on Tuesday to sweeten rules for the second phase of the country's historic oil field auction, such as lowering a required corporate guarantee to lure more bidders and boost lagging crude output.<

Oil slick off California coast linked to natural seepage

LOS ANGELES, Aug 4 (Reuters) - The U.S. Coast Guard has determined that natural petroleum seepage from beneath the Pacific seabed was the source of a large oil slick that appeared last week off the Southern California coast west of Santa Barbara.

COLUMN-Oil industry frets about another lost decade: Kemp

LONDON, Aug 4 (Reuters) - Oil is an inherently cyclical business.

ExxonMobil plans to expand production capacity at Beaumont refinery in Texas

ExxonMobil is planning to increase energy efficiency and boost the light crudes production capacity by approximately 20,000 barrels a day at its refinery in Beaumont, Texas, US.

Neste plans to invest EUR60m at the Naantali refinery in Finland

Neste plans to invest about EUR60m to increase production at the Naantali refinery in Finland.

UPDATE 1-Oklahoma regulators impose water injection cut to stem earthquakes

WASHINGTON, Aug 4 (Reuters) - Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground as they produce oil and natural gas, in the latest effort to stem a sharp increase in earthquakes.

UPDATE 3-U.S. House to vote on Iran deal disapproval resolution

WASHINGTON, Aug 4 (Reuters) - The Republican-led U.S.

UPDATE 1-Contract driller Nabors expects current-quarter results to fall

Aug 4 (Reuters) - Contract oil and gas driller Nabors Industries Ltd forecast a decrease in third-quarter results, saying it expected current depressed market conditions to prevail for an extended period.

UPDATE 2-Mexico cuts corporate guarantee for next phase of oil auction

MEXICO CITY, Aug 4 (Reuters) - Mexico's oil regulator voted on Tuesday to sweeten rules for the second phase of the country's so-called Round One auction, such as lowering a required corporate guarantee that had spooked investors in the first phase.

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