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Brazil Senate may vote on Petrobras subsalt obligations Wednesday

BRASILIA, July 7 (Reuters) - Brazil's Senate may vote on Wednesday on a bill ending state-run oil company Petrobras' leadership and mandatory minimum stake in a giant offshore oil district known as the subsalt, a key leader in the Brazilian upper house of Congress said on Tuesday.

Australia shares set for weak start on iron ore tumble, Greece

SYDNEY, July 8 (Reuters) - Australian shares look set to pull back on Wednesday, likely pressured by resources firms after metals prices plunged overnight and as investors remain cautious over persistent uncertainty about Greece's strained financial position. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. The l

Amec Foster secures feasibility study contract for Malaysian refinery project

Amec Foster Wheeler has secured a contract with a group of companies, including SKS, Petromin, and Asian partner, to provide consultancy services for a new refinery and petrochemical complex in Kedah, Malaysia.

UPDATE 5-Iran nuclear talks extended, source says 48 hours left for deal

* U.N. arms embargo on Iran a key sticking point (Adds U.S.

In new blow, Chevron's Gorgon faces struggle to offload test LNG

* Gorgon has suffered cost overruns, competition from U.S. shale

Shell's ice management vessel damaged in Alaska

July 7 (Reuters) - Royal Dutch Shell Plc's icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company's plan to resume drilling in the Arctic later this month.

Iran nuclear deal needed in next 48 hours -source close to talks

VIENNA, July 7 (Reuters) - Talks between Iran and six major powers cannot continue indefinitely and there must be an agreement soon if there is to be an accord to end sanctions in exchange for curbs on Tehran's atomic programme, a source close to the talks said on Tuesday.

UK's Hammond says major powers to reconvene Thursday over Iran

VIENNA, July 7 (Reuters) - British Foreign Secretary Philip Hammond said he would return to the Iran nuclear negotiations in Vienna on Wednesday night and that the major powers were expected to reconvene on Thursday.

White House: Iran's talks are close to deal, worth continuing

WASHINGTON, July 7 (Reuters) - The White House said on Tuesday that extending talks with Iran on its nuclear program afforded an opportunity to address significant differences between the two sides.

EIA slightly raises 2015 and 2016 oil production forecasts

NEW YORK, July 7 (Reuters) - The U.S. government on Tuesday modestly raised its 2015 and 2016 U.S. crude oil production forecasts while lowering its price outlook.

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