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Oil prices hit levels last seen in March on vaccine hopes, EU deal

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(Reuters) - Oil rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal, which took prices to levels last seen when an oil price war erupted in early March between Russia and Saudi...
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South America’s newest oil producer drops over 50 million barrels of crude

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A ‘detrimental limbo’ of political uncertainty is becoming increasingly costly to new oil producer on the South American continent, Guyana, where project approval delays for a half-billion barrel offshore development has already resulted in more than 50 million barrels...
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Petrobras sells remaining 10% stake in TAG to Engie Brasil, CDPQ

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(Reuters) - Brazil’s state-owned oil company Petrobras on Monday agreed to sell its remaining 10% stake in natural gas pipeline company TAG to Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ). The sale is...
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Halliburton takes a $1.7 billion loss in Q2 2020

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Halliburton Company (NYSE: HAL) announced Monday a net loss of $1.7 billion, or $1.91 per diluted share, for the second quarter of 2020. This compares to a net loss for the first quarter of 2020 of $1.0 billion, or $1.16 per diluted share. The company said adjusted...
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Chevron set to buy out Noble Energy for $5 billion in shares

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Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or...
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Getting ‘advantaged barrels’ out of the ground early means bigger returns for companies, host countries

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The demand for petroleum is expected to remain robust in coming years but trends that point to an accelerated shift to renewables mean developing oil and gas resources sooner rather than later will ensure the most favourable returns for...
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Suriname deepwater becoming more attractive as Guyana remains stuck in political conflict

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The people of Suriname went to the polls on May 25 and a new President is now in place with a pledge to “reconstruct” the country’s natural resources. No doubt, the newly discovered petroleum resources will be a priority...
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Brazil boosts oil exports to Asia as global rivals make record cuts

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(Reuters) - Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand...
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Hope probe: UAE launches historic first mission to Mars

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The satellite is one of a number of projects the UAE government says signals its intention to move the country away from a dependence on oil and gas and towards a future based on a knowledge economy. (BBC) The United...
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Halliburton forms strategic agreement with Microsoft and Accenture to advance digital capabilities

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Halliburton, Microsoft Corp. and Accenture (NYSE: ACN) have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton said it will complete its move to cloud-based digital platforms and strengthen its customer...
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‘My people must benefit’ – Suriname President in push for local-content laws as production looms

With the start of offshore oil production just a few years away, Suriname’s President Jennifer Geerlings-Simons is focusing on...

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