Keyword: oil production

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Shell Under the Skin, 10 Years After Crisis

30.05.2013 - A decade ago, Royal Dutch/Shell's boss was fighting to close the gap between the truth about his company's oil and gas reserves and the much larger figure in its accounts. He lost...

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Ghana Hopes to Shield Economy from African Oil Curse

21.05.2013 - Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption and conflict. Now nearby Ghana has begun production and wants to take the wealth but dodge the oil...

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BP Withdraws Staff from Libya Due to Security Concerns

12.05.2013 - British oil company BP said it is withdrawing some non-essential staff from Libya after Britain's government warned about deteriorating security in the capital Tripoli. "We are...

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Shell to Develop World's Deepest Offshore Oil Platform

09.05.2013 - Royal Dutch/Shell said on Wednesday it will go ahead with the world's deepest offshore oil and gas production project, pushing the boundaries of technology to produce from nearly 2...

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Venezuela 2012 Oil and Fuel Exports Rise, Crude Output Slips

04.05.2013 - Venezuela's oil and fuel exports rose slightly in 2012 over the previous year even as crude production and refinery output slipped, the oil minister said on Friday, as the OPEC...

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Texas Oil Sails to Canada, Refiners Fume Over Tanker Law

01.05.2013 - Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast...

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Total Profit Falls on Lower Oil Prices, Output

26.04.2013 - French oil firm Total posted a fall in first-quarter profit due to lower oil prices and a drop in oil and gas output, partly offset by a rise in its refining and chemicals business...

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U.S. Oil Production Rises for Exxon, Conoco in Q1

25.04.2013 - Quarterly results from Exxon Mobil and ConocoPhillips on Thursday showed that while overall growth remained elusive, output rose in key basins in the United States where the oil...