Category Archives: Global

Shell’s Divestment Push Reaches Thailand in $900 Million Sale

by Dan Murtaugh January 31, 2017, 12:41 PM GMT+8 Kuwait Petroleum unit to buy 22.2% stake in Bongkot gas field Sale is part of Shell’s $30 billion divestment program Royal Dutch Shell Plc will sell its stake in an offshore … Continue reading

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Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion

by  Bloomberg, Joe Carroll Thursday, July 21, 2016 (Bloomberg) – Exxon Mobil Corp. agreed to buy natural gas explorer InterOil Corp. for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer’s existing … Continue reading

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The Unloved Business That’s Saved Big Oil From Low Energy Prices

May 5, 2016 — 7:01 AM SGTUpdated on May 6, 2016 — 2:07 AM SGT By Javier Blas twitter: javierblas2 Petrochemical earnings accounted for 75% of Exxon’s net income Oil executives see future for chemicals beyond crude rout Big Oil is suddenly Big … Continue reading

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ConocoPhillips, Chevron seek to sell stakes in Indonesia oil and gas block

Fri Dec 11, 2015 5:17am EST REUTERS JAKARTA: U.S.-listed energy giants ConocoPhillips (COP.N) and Chevron Corp (CVX.N) plan to sell their interests in a key oil and gas block in Indonesia and the government has received written requests for the same, … Continue reading

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Statoil completes sale of Azerbaijan assets to Petronas

Submitted by Paddy Harris on 30th April 2015 On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company Petronas completed their transaction, announced previously on 13 October 2014 The Shah Deniz in the Caspian Sea. (Photo: Shahin … Continue reading

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ExxonMobil to start up 16 major oil and gas projects in the next 3 years

Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017. “Our long term capital allocation approach … Continue reading

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Chevron vows to use ‘lessons learned’ after Angola LNG missteps

BY ERNEST SCHEYDER MINNEAPOLIS Thu Sep 18, 2014 6:02am EDT (Reuters) – A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp’s reputation as a top-notch operator of profitable energy projects around the world. … Continue reading

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