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US Rig Count Climbs
U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year.Companies added 15 oil rigs in the week to April 5, the biggest increase since May, bringing the total count to 831, General…
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Oil Slips from Five-Month High
Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible easing of a supply-cutting deal with OPEC countered concern that violence in Libya could further tighten global markets.Supply curbs led by the Organization of the Petroleum…
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Chevron to Buy Anadarko for $33 Bln
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records.The deal makes Chevron the second-largest major by crude production, behind Exxon Mobil Corp, up from fourth.
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Oil Prices Rise on Lower U.S. Stocks, OPEC+ Supply Cuts
Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran.Brent crude futures were at $71.80 a barrel at 1313 GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel.U.S.
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Oil Hits 2019 High on U.S. Plan to Tighten Squeeze on Iran
Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.Washington said it will eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S.
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Strikes Impact Shell's Pernis Oil Refinery
Striking workers at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation…
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BP Plans to Exit China's Shale Gas
European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the…
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Petrobras Takes Two of Six Port Terminals in Brazil Auction
Brazil auctioned off six port terminals for liquid fuels in the northern state of Para to private operators on Friday, with subsidiaries of state-run
Latest news
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U.S. Crude Stocks Rise by 7.2 mln barrels - EIA
U.S. crude stocks rose unexpectedly last week as imports climbed, while gasoline stocks decreased and distillate inventories fell…
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Prospective Bidders for Eneco Narrows
The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players…
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Oil Hovers Near Five-Month Highs
Oil prices steadied on Wednesday after Brent pushed towards a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S.
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Oil Prices Slip
Oil prices edged lower on Wednesday after government data showed U.S. crude stocks unexpectedly rose last week, though disruptions…
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Exxon, Chevron Accelerate Shale Production
The two biggest U.S. oil companies Chevron and ExxonMobil plan to significantly ramp up production in the US shale heartland…
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US Rig Cuts Continue
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a…
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Oil Majors Rush to Dominate US Shale
In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will…
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US Rig Count Lowest Since April 2018
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year…
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Large Oil Firms Invest in Shale
Oil majors are readying themselves for the energy transition by investing in shale and waiting for renewable technology to be economical…
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U.S. Drillers Cut Rigs to Lowest Level since May
U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months…
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Sinopec to Develop Weirong Shale Gas Field
Sinopec Corp, China's biggest shale gas operator, said on Monday it plans to develop a new field this year able to produce…
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Mexico to Invite 4 Firms to Bid on Pemex Oil Refinery
The Mexican government will invite four companies to bid in a restricted tender for work building the new Dos Bocas refinery…
Exploration
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US Rig Count Dips
U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale…
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Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion…
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Wintershall Wins Argentina Offshore Bid
Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising…
Drilling
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Halliburton Reports Activity Uptick
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported…
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BP Invests $6 Bln in Offshore Azerbaijan Project
The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag…
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Santos Posts Record Production in Q1
Australia's No.2 independent gas producer Santos Ltd on Wednesday posted record quarterly production, boosted by its acquisition…
Production
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BSOG Gets Approval in Offshore Romania
Romanian-based Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group, said that it received approval…
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TechnipFMC Orders Vallourec Pipes for Mero 1
The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC…
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LNG Prices Nosedive
A mild winter and growing surplus of supply have knocked the legs out from under Asian LNG, with spot prices plummeting more…
