Wednesday 26 November 2014
 
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Oil

Petrofac eyes $500m net profit in 2015

Oil and gas services firm Petrofac said it expected net profit in 2015 to be around $500 million, citing lower oil price environment, change in project timings and a settlement related to its project in Shetland, Scotland. Petrofa

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Petrofac eyes $500m net profit in 2015

Oil and gas services firm Petrofac said it expected net profit in 2015 to be around $500 million, citing lower oil price environment, change in project timings and a settlement related to its project in Shetland, Scotland. Petrofa

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Magnomatics in licensing deal with Zilift

Magnomatics, a magnetic transmissions and ultra-compact motor company, has signed an exclusive licensing deal with Zilift, a leading developer of permanent magnet technologies for innovative artificial lift applications in the oil and gas indust

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Magnomatics in licensing deal with Zilift

Magnomatics, a magnetic transmissions and ultra-compact motor company, has signed an exclusive licensing deal with Zilift, a leading developer of permanent magnet technologies for innovative artificial lift applications in the oil and gas indust

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Iran Parliament suggests $75-80 barrel oil price for budget

Iran's parliament recommends basing next year's budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as saying, down from $100 in the 2014 budget plan.   "It seems the trend of d

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Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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Iran says will double oil exports in two months if sanctions end

Iran will double its oil exports within two months if sanctions against it end, Oil Minister Bijan Zanganeh told official news agency Irna.   Zanganeh said he will talk with top oil exporter

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Saudi oil policy uncertainty unleashes speculation

If Saudi Oil Minister Ali Al Naimi wants to stop speculation spreading before a crucial Opec meeting next week, it's too late.   Al Naimi's intervention last week after a two-month silence failed to addre

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Venezuela says Opec to 'increase coordination' in face of oil price fall

Venezuela's Foreign Minister Rafael Ramirez said the Organization of the Petroleum Exporting Countries will increase coordination in the face of the fall in oil prices, the South American government said in a statement, without elaborating

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