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Results:1 - 10 of 51918 Economics, business and commerce,Policy and governance

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  • Wintershall Dea has entered into an agreement with RDG to sell its operated participating interests in a number of oil concessions mainly located in southern Germany, in a drive to focus domestic production on core assets.The concessions include Aitingen (in which Wintershall Dea holds a 33.33% stak...

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  • Woodside (operator, 35%), Cairn Energy (40%) and FAR (15%) have signed a joint final investment decision (FID) statement, in agreement with Petrosen (10%) and the government of Senegal, regarding the Phase 1 development of the Sangomar field offshore Senegal.Phase 1 of the project will target estima...

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  • After more than a year of trade tensions, the US and China signed a ‘phase one’ trade deal on 16 January 2020. As part of the deal, China has agreed to increase the value of energy imports by $52.4bn above 2017 levels over the next two years. What could this mean for the oil market?Ann-Louise Hittle...

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  • BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field to Premier Oil for $625mn. The sales are the latest step in BP’s planned programme of $10bn divestments by the end of 2020.The deal includes BP’s operated A...

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  • Climate change has once again been placed at the top of the energy industry’s agenda, with the UN Climate Change Summit in Cancun due to close as Petroleum Review went to press. Large-scale financing is needed to enable developing countries to mitigate the impacts of climate change and in this month...

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  • Oil prices rose on Wed 8 January 2020 after Iran fired more than a dozen missiles at two airbases housing US and coalition troops at Irbil and Al Asad, west of Baghdad, Iraq. Casualties and the level of damage were unclear at the time of writing. The attacks came just hours after the burial of ...

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  • Operational production costs in the oil and gas industry have fallen across the globe, with the UK emerging as a cost-cutting powerhouse among global offshore regions, according to the latest analysis from Rystad Energy.Examining regional opex reduction per barrel, measured in local currency, the co...

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  • Saudi Aramco cancelled planned roadshows in Asia, the US and Europe in November, after a luke-warm reception from international investors for its long-awaited initial public offering (IPO).Investors valued the state-owned company below the $2tn target set by Crown Prince Mohammed bin Salman. Saudi A...

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  • New guidelines promoting good practice in robust project delivery published by Oil & Gas UK (OGUK) aim to provide companies with a systematic framework for ensuring oil and gas projects are on time and within budget.Industry experts including operators, contractor companies and the Engineer...

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