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UPDATE 1-Union, Shell to resume talks in U.S. refinery strike on March 4

HOUSTON, Feb 27 (Reuters) - Negotiations to settle the largest U.S. refinery strike are set to resume on March 4, the union and lead oil company negotiator said on Friday, the 27th day of the work stoppage.

UPDATE 3-Mexico OKs 5 shallow water areas in Round One oil tender second leg

MEXICO CITY, Feb 27 (Reuters) - Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday.

Brazil's Braskem to sign revised naphtha contract with Petrobras

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's Braskem SA , Latin America's largest petrochemical company, said on Friday it had agreed to a revised naphtha supply contract with shareholder Petrobras, staving off a threatened shutdown of its Brazilian plants.

UPDATE 2-Iran nuclear talks advancing, no deal likely next week -U.S. official

WASHINGTON, Feb 27 (Reuters) - Talks on curbing Iran's nuclear program have made substantial progress, a senior U.S.

UPDATE 1-Petrobras' services chief Dutra takes leave of absence

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90-day leave of absence for health reasons.

UPDATE 1-Iran nuclear talks advancing, no deal likely next week -U.S. official

WASHINGTON, Feb 27 (Reuters) - Negotiations on an agreement to curb Iran's nuclear program have advanced substantially, but difficult issues remain and a senior U.S.

Iran nuclear talks advancing but no deal likely next week -U.S. official

WASHINGTON, Feb 27 (Reuters) - Negotiations on an agreement to curb Iran's nuclear program have advanced substantially, but difficult issues remain and there is no reason to expect a deal in the coming week, a senior U.S. official said on Friday.

Petrobras' powerful services chief Dutra takes leave of absence

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's embattled state-run oil company Petroleo Brasileiro SA, said on Friday that its director of the company's powerful corporate services division will take a 90-day leave of absence on health grounds.

CORRECTED-E&P oil firms using stock sales to de-lever

NEW YORK, Feb 26 (IFR) - Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.

China questions U.S. threat of UN sanctions on South Sudan

UNITED NATIONS, Feb 27 (Reuters) - China on Friday questioned the logic behind a U.S.

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