Saturday 30 August 2014
 
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Oil companies

Iran lures oil majors with new deals model

Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world's top oil executives here on Thursday, part of its drive to win back Western business. Ira

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ME national oil firms plan $140bn in contracts

About $140 billion worth of engineering and construction contracts have been either awarded by national oil companies (NOCs) or are planned throughout the Middle East in 2011, according to a report. Upstream oil and gas development and pip

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Oil companies brace for Tropical Storm Lee

Tropical Storm Lee threatened the Louisiana coast with torrential rains and flooding and shut nearly half of US offshore crude oil production and a third of its gas production. The slow-moving storm is expected to reach the Louisiana coast

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Oil firms bet on survival of Syria's Al Assad

Oil companies in Europe are betting on the survival of President Bashar Al-Assad in Syria, in sharp contrast to their support for Libya's opposition six months ago, even while the European Union is expected to soon slap oil sanctions on Damasc

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Oil majors stall Libya drilling, withdraw staff

European oil and gas companies have evacuated staff and suspended drilling preparations in Libya as violence spread across the North African country. Norway's Statoil, Austria's OMV and Royal Dutch Shell have moved some staff as scores of

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Oil firms prepared to tackle security issues

Bahrain's oil companies and oil installations have 'active and comprehensive' risk management systems in place to tackle any internal security issues, it has been revealed. Oil and Gas Affairs Minister and National Oil and Gas

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Iraq seeking funding from oil majors

Iraq has asked international oil firms that won contracts to develop its vast oil reserves if they are interested in financing its huge crude export infrastructure projects. The Oil Ministry is exploring options to finance its costly expor

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Insurance playing key role

Despite their widespread use by international oil companies (IOC), new research reveals that only a small proportion of the world's national oil companies (NOCs) own and operate their own insurance vehicles. Known as captive insurance

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Iraq vows to protect oil companies

Iraq will protect foreign firms against threats from trade unions seeking to block a major oil deal with BP and China National Petroleum Corporation (CNPC), a pillar of Iraq's bid to renew its struggling oil sector, an official said. "The

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Oil giants to pump $375bn into new projects

The world’s largest national oil companies (NOCs) and supermajors are planning over $375 billion of ambitious investments through the down cycle, despite ongoing concerns around oil demand, according to a new analysis from Ernst & Young.

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