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Oilfield costs fall following decline in oil prices

(Thu, 18 Jun 2015) As oil prices declined?falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015?energy production companies focused efforts on increasing operating efficiencies.

Putin's confrontation with West 'artificial' -dissident Khodorksovsky

WASHINGTON, June 17 (Reuters) - Russian President Vladimir Putin's confrontation with the West is "artificial" and aimed at protecting Russia's ruling elite and distracting attention from a corrupt system, a former Russian oil tycoon said on Wednesday.

Iran to commence refinery construction to end condensate export

Iran has started construction of Siraf refinery project in southern Iran in order to end gas condensate exports.

UPDATE 2-Shell-led Canadian LNG deal gets environmental approvals

VANCOUVER, June 17 (Reuters) - Canada's environment ministry said on Wednesday it approved a Royal Dutch Shell Plc-led liquefied natural gas export terminal on British Columbia's coast, contingent on the project meeting 50 environmental, social and operational conditions.

Court delays ruling on 2013 Quebec oil train crash settlement

SHERBROOKE, Quebec, June 17 (Reuters) - A Quebec judge reserved his decision on Wednesday on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and dozens of companies and individuals linked to the crash that killed 47 people.

IMF says approves 2-year $5.45 billion credit line for Colombia

WASHINGTON, June 17 (Reuters) - The International Monetary Fund (IMF) said on Wednesday it approved a two-year, $5.45 billion flexible credit line for Colombia to help the South American country cope with external shocks, including the fall in oil prices.

UPDATE 1-Colombia's No. 2 oil pipeline shut after rebel bombings

BOGOTA, June 17 (Reuters) - Colombia's Cano Limon-Covenas oil pipeline, the country's second biggest by volume, has been shut due to damage from bomb attacks by leftist FARC rebels which caused a significant spill that has contaminated two rivers, the army said on Wednesday.

UPDATE 10-Brent edges up, U.S. crude off low as Fed weakens dollar

* Concern about Greek debt impact on Europe weigh on oil (Rewrites throughout; updates prices to settlement)

UPDATE 1-Russia's Rosneft negotiating $5 bln financing deal with PDVSA -source

MARACAIBO, Venezuela, June 17 (Reuters) - Venezuelan state oil company PDVSA and Rosneft are negotiating a financing deal under which the Russian oil major could lend its South American counterpart $5 billion, a source close to the negotiations said on Wednesday.

Petrol spills into Bulgarian lake after pipeline rupture

SOFIA, June 17 (Reuters) - Up to 40 tonnes of petrol spilled into a lake near the Bulgarian Black Sea port of Burgas after a product pipeline of LUKOIL's Neftochim Burgas refinery ruptured late on Wednesday, the environment minister said.

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