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UPDATE 4-Small town evacuated after oil train derails in North Dakota

WILLISTON, N.D./HOUSTON, May 6 (Reuters) - A BNSF train carrying crude oil owned by Hess Corp derailed and caught fire in North Dakota on Wednesday, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to improve the safety of such shipments.

China's CNR, CSR kick off merger process with trading halt

SHANGHAI, May 7 (Reuters) - Chinese train makers China CNR Corp Ltd and CSR Corp Ltd halted trading of their shares on Thursday, the first step in a merger process expected to create the world's biggest rail conglomerate in terms of sales.

Argentina cuts March export taxes on biodiesel

BUENOS AIRES, May 6 (Reuters) - Argentina's government on Wednesday cut export taxes on biodiesel retroactively for March to 5 percent from 8.9 percent in a bid to support a sector hurt by the fall in oil prices and by trade obstacles with the European Union.

OTC 2015, Day 3 — Show me the numbers: Data for oil and gas tech

Data was a recurring subject Wednesday at the conference, particularly in an afternoon session that featured the third big player in Houston’s industry landscape, aerospace. More specifically, NASA.

Mad Men face a challenge selling Australian coalseam gas

Australian companies are looking for ways to show natural gas -- including that from coalseam projects -- is still desirable, productive or exciting.

Exxon says breakdown in unit caused flaring at Torrance refinery

May 6 (Reuters) - Exxon Mobil Corp said a breakdown related to an unspecified unit caused flaring at its 149,500-barrel-per-day refinery in Torrance, California, on Wednesday.

Oil prices fall after hitting 2015 highs

* Prices hit 2015 highs after first U.S. stock draw since Jan

RPT-COLUMN-US refineries run hard to absorb crude glut: Kemp

LONDON, May 6 (Reuters) - U.S.

UPDATE 2-Tesla posts wider loss, highlights energy storage demand

* Dollar squeezes Model S margins (Adds details on cash reserves, energy storage outlook)

UPDATE 1-Marathon Oil posts Q1 loss, sticks to production outlook

HOUSTON, May 6 (Reuters) - Marathon Oil Corp, an independent exploration and production company, reported a first-quarter loss on Wednesday as tumbling oil prices sliced its revenue nearly in half.

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