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Oman to invest $7bn on construction of oil refinery in Indonesia

The Oman Government is planning to construct a refinery with an investment of $7bn in Indonesia in order to boost the latter’s downstream oil and gas industry.

UPDATE 1-Group proposes to invest in Puerto Rico utility infrastructure -source

NEW YORK, May 28 (Reuters) - A consortium of York Capital Management, NRG Energy and ITC Holdings have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday.

UPDATE 1-Schahin says Petrobras cancels offshore ship leases

RIO DE JANEIRO, May 28 (Reuters) - Brazil's state-run oil company Petrobras canceled leases with Schahin Petroleo e Gas SA for five offshore oil drilling and production vessels after a cash crunch forced the ship leaser to remove the equipment from service for nearly a month, Schahin said on Thursday.

UPDATE 2-U.S. March gasoline demand highest for month since 2008 -EIA

NEW YORK, May 28 (Reuters) - U.S. gasoline demand rose more than 4 percent in March to nearly 9.06 million barrels a day, the highest level for the month since 2008, monthly data from the U.S. Energy Information Administration released on Thursday showed.

UPDATE 1-Lifting of U.S. crude oil export ban possible within year -analysts

WASHINGTON, May 28 (Reuters) - The U.S.

U.S. government plan to protect sage grouse would limit oil and gas

May 28 (Reuters) - President Barack Obama's administration plans to protect the greater sage grouse in the western United States by limiting oil and gas development and renewable energy in the bird's habitat, under a federal plan released on Thursday.

What jump? Record U.S. oil output due to revisions, not rigs, EIA says

NEW YORK, May 28 (Reuters) - A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S.

Schahin says Petrobras cancels offshore ship leases

RIO DE JANEIRO, May 28 (Reuters) - Brazil's state-run oil company Petrobras canceled leases with Schahin Petroleo e Gas SA for five offshore oil drilling and production vessels after a cash crunch forced the ship leaser to remove the equipment from service for nearly a month, Schahin said on Thursday.

Industrial hub Ulsan a warning for cooling South Korea

ULSAN, South Korea, May 29 (Reuters) - The port of Ulsan was the cradle of South Korea's breakneck industrialisation.

Saudi Arabia goes on refinery hiring spree in South Korea

* South Korea and Saudi Arabia have long-established business ties

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