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Shell sells Philippines Exploration to Malampaya Energy
Shell Petroleum has completed the sale of its 100 percent shareholding in Shell Philippines Exploration to Malampaya Energy, a subsidiary of Prime Infrastructure Capital.
SPEX, under the ownership of Prime...
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Exxon strikes oil again in Guyana, raises output target
Exxon Mobil has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on...
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ExxonMobil sells Billings refinery to Par Pacific
ExxonMobil has reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.
The...
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PETRONAS deploys Halliburton Digital Well Program
Halliburton Company announced the implementation of the Halliburton Digital Well Program and Digital Well Operation DecisionSpace 365 cloud solutions as the foundation for PETRONAS...
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OPEC cut 2022 forecast for growth in oil demand for a fourth time
OPEC has cut its 2022 forecast for growth in world oil demand for a fourth time since April and also reduced next year’s figure,...
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Exxon, Shell sell California oil assets for $4 bn to IKAV
Exxon Mobil and Shell have sold their California oil joint-venture Aera to German asset manager IKAV for $4 billion.
The sale reflects the two companies...
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Port Aransas City taps Equix for re-building gas system
Equix Energy Services (Equix) said it will be working with the City of Port Aransas, Texas, and the Federal Emergency Management Agency (FEMA) to rebuild...
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Shell signs production sharing contract for Atapu field in Brazil
Shell Brasil has signed the Production Sharing Contract (PSC) to acquire 25 percent stake of the Atapu field. Shell paid $ 1.1 billion to...
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ExxonMobil reveals investment plan for Guyana oil project
ExxonMobil has revealed its investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals.
ExxonMobil’s fourth, and largest, project in the...
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IEA member countries to release more oil from emergency reserves
The International Energy Agency (IEA) said its 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response...
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Aramco to invest in refinery and petrochemical complex in China
Aramco will make investment for the development of a major integrated refinery and petrochemical complex in Northeast China.
Huajin Aramco Petrochemical Company (HAPCO), a joint venture...