Monday 31 August 2015
 
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Exxon

Exxon sells Upper Zakum crude at highest premium

ExxonMobil has sold a cargo of Abu Dhabi's Upper Zakum crude for October loading at the highest premium in 10 months, traders said.   Strong demand for the crude, one of three grades that can be delivered dur

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US oil giants hit by slump in oil prices

Earnings of US petroleum giants ExxonMobil and Chevron were knocked down yesterday (July 31) by lower oil prices, said a report. ExxonMobil’s second-quarter profits fell by 52.3 per cent year-over-year to $4.2 billion as it

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US oil giants hit by slump in oil prices

Earnings of US petroleum giants ExxonMobil and Chevron were knocked down yesterday (July 31) by lower oil prices, said a report. ExxonMobil’s second-quarter profits fell by 52.3 per cent year-over-year to $4.2 billion as it

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Shell in advanced talks to buy natural gas giant BG

Royal Dutch Shell is in advanced talks to buy UK-based BG Group in the first oil super-merger since early 2000s to extend its global lead in gas production and close the gap with the world's biggest oil major US ExxonMobil. BG

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Exxon, Shell 'may withstand oil slump better'

The world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.

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Exxon cuts share buyback as oil prices hit Q4 profit

Exxon Mobil Corp said on Monday its quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business. Shares of E

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Rosneft discovers offshore Arctic oil with Exxon

Russia's top crude oil producer Rosneft said on Saturday it had made an oil discovery jointly with ExxonMobil at an offshore Arctic field, which has been at the centre of controversy due to Western sanction against Moscow. How

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Atlantic Towing orders Damen PSV vessels

US-based Atlantic Towing has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group for its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company.&nbs

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Exxon in $1bn Antwerp plant investment

ExxonMobil Corporation will invest $1 billion in its 320,000 bpd Antwerp refinery, the company said, even as many firms pull back from a European industry hammered by low refining margins. ExxonMobil said it would install a new un

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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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