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Iran’s 14 Billion-Barrel Oil Field Comes Online

The South Pars offshore field…

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U.S. Shale Could Peak Before 2025

U.S. light tight oil has…

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Can Trump’s Proposal Save The Coal Industry?

Trump aims to repeal industrial…

News

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Taiwan Purchases High Sulfur Crude Oil From Kurdish Sources

Mar 27, 2017 at 18:39 | Zainab Calcuttawala

Taiwan has begun purchasing high sulfur crude oil from Kurdistan to replace grades out of production due to the Organization of Petroleum Exporting Countries’ (OPEC) recent output cuts, according to…

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Brazil Invites Turkish Investment As New Rounds Open In 2017 And 2018

Mar 27, 2017 at 18:32 | Zainab Calcuttawala

Brazil has invited Turkish oil and gas companies to invest in the South American country’s energy sector revitalization process in 2017 and 2018, according to new reporting from Anadolu…

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Saudi Arabia Slashes Tax Rate For Aramco Preparing For IPO

Mar 27, 2017 at 18:25 | Tsvetana Paraskova

Saudi Arabia is cutting the tax rate on Aramco to 50 percent from 85 percent in a bid to attract international investors for next year’s planned IPO of its oil…

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Saudis Invited China’s Sinopec To Invest In Aramco IPO

Mar 27, 2017 at 16:38 | Tsvetana Paraskova

Saudi Aramco has invited China’s Sinopec to take part in the upcoming initial public offering (IPO) of the Saudi oil company planned for next year, the Chinese firm’s chairman Wang…

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Statoil To Invest $2.34B In Norwegian Offshore Projects

Mar 27, 2017 at 14:32 | Tsvetana Paraskova

Norway’s Statoil plans to invest the equivalent of $2.34 billion on extending the lifetime of a field in the Norwegian Sea and starting production in a new field nearby, the…

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Rosneft, Gazprom Boost Combined Offshore Investment To $1.4B

Mar 27, 2017 at 13:37 | Tsvetana Paraskova

Russia’s top oil producer Rosneft and gas giant Gazprom plan to invest a combined $1.42 billion (80.8 billion rubles) in offshore exploration in 2017, Russia’s Minister of Natural Resources and…

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Qatar Diversifies Into IT, Plans Silicon Valley Office

Mar 27, 2017 at 12:22 | Irina Slav

Qatar’s sovereign wealth fund will open an office in Silicon Valley by the end of the year as part of a move to move the country’s economy away from…

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Libyan NOC Sounds Alarm For Illegal Sales

Mar 27, 2017 at 11:20 | Irina Slav

Libya’s National Oil Corporation warned in a statement yesterday that it had detected attempts for illegal sales of crude oil from “a group of individuals.” NOC is the only…

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What A Westinghouse Bankruptcy Could Mean For U.S. Utilities

Mar 24, 2017 at 18:27 | Leonard Hyman & William Tilles

International news services now report that Japan’s Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary as soon as this Monday, March…

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Russia Plans 2017-2019 Budget Based On $40 Barrel

Mar 24, 2017 at 18:05 | Zainab Calcuttawala

Russia is budgeting its federal spending to expectations that oil prices will hover around $40 a barrel for the next several years, according to a new report by Bloomberg.…

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