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The Daily Telegraph: Database: Energy: 26 July 2006

• BP, Europe’s biggest oil company, reported a 30pc jump in second-quarter profit to a record as crude prices surged and refining earnings increased.

• BP is in talks with several prospective buyers, including oil companies, refiners and private equity groups, for the sale of its Coryton refinery in Britain.

• Royal Dutch Shell’s Nigerian venture has detected a pipeline leak in the eastern part of the Niger delta.

• Biofuels Corporation, a British producer of diesel fuel made from vegetable oil, said its loss widened because of costs related to building a processing plant and cancelling a hedging contract.

• Dragon Oil, which pumps oil in Turkmenistan, said first-half production fell from the same period last year because of a pipeline blockage.

• Shell Canada, the country’s fourth-largest oil company, said second-quarter profit fell 9.7pc as production cuts after the shutdown of an oil-sands venture outweighed a gain from a tax change.

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