Wednesday 23 April 2014
 
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Exxon

Petrochina buys 25pc stake in Iraq oilfield

PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources. China is already the top foreign player in Iraq's oilfields, which

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PetroChina to join Exxon at giant Iraqi oilfield

China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sources said.  

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US court upholds $105m Exxon payout in NYC case

A US appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive. The US Second Circuit Court of

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S Sudan set to shut down oil production

South Sudan plans to sell 6.4 million barrels of oil worth $300 million before shutting down its entire production by the end of July due to a row over its alleged support for rebels in neighbouring Sudan, its oil minister said on Saturday.

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Exxon, Qatar plan to ship US natural gas to Britain

Exxon Mobil and Qatar Petroleum have announced an agreement to ship liquefied natural gas to Britain from their proposed export plant in the US, offering another supply stream to the island nation as domestic output dwindles. Unde

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Qatar, Exxon agree North America tie-up

  Qatar Petroleum International and Exxon Mobil Corp have signed a memorandum of understanding to assess jointly unconventional gas resources in North America and global opportunities in liquefied natural gas (LNG).

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Exxon in talks to sell Iraq field stake to Mubadala

  Exxon Mobil is in negotiations to sell 5 percent of its stake in Iraq's West Qurna-1 oilfield to Abu Dhabi's state-run investment fund Mubadala, part of the US major's moves to reduce its exposure there, Iraqi oil o

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Exxon to invest more in Iraq's West Qurna

  Exxon Mobil has allocated $1.65 billion to develop Iraq's West Qurna 1 oilfield in 2013, up from $1.6 billion last year, the head of the joint management committee for the field said.   An Ira

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Rosneft acquires TNK-BP in $55bn deal

Russian state oil company Rosneft closed a historic deal to buy TNK-BP from UK-based BP and four tycoons, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil, the world’s No.1 investor-owned compan

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China ready to join Exxon at giant Iraq oilfield

  China is willing to join Exxon Mobil in a giant Iraqi oilfield project, a top executive said on Tuesday, which could see Beijing come to dominate Iraq's oilfields and help the US major mend fences with Baghdad.

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