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Sinopec sues Venezuela

Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar. The corporate logo of the state oil company PDVSA is seen at a gas station in Caracas, Venezuela December 1, 2017. REUTERS/Marco Bello The lawsuit asks

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Lack of interest in Norwegian oil licensing round

Norway’s attractiveness as an oil region took a hit on Tuesday when energy authorities said 11 oil firms applied for stakes in exploration blocks off Norway in its latest oil licensing round, less than half the number that applied in the previous round. A disappointing drilling campaign this year in the Arctic Barents Sea – where oil companies did not

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Worker Dies Aboard Petrobras’ Drillship

A worker died on board one of the drillships operated by Brazil’s oil and gas producer Petrobras. The accident occurred on Petrobras America’s drillship Petrobras 10000 in the Gulf of Mexico on December 2. As informed, medical assistance was provided immediately to the man but he died.     No other details have been disclosed except that the man was

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TechX to invest millions in start-ups and SMEs – BP announced as strategic partner

Today marks the launch of TechX – a unique technology accelerator and incubator focused on helping smaller, ambitious technology developers take their solutions to the oil and gas market – faster. With three tailored programmes – Pioneers, Market Entry and Ventures – TechX will accelerate the future of the oil and gas industry.  Our Pioneers programme provides game-changing funding –

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North Sea oil and gas firms collaborating

Sea oil and gas companies have got better at collaborating amid the challenges posed by the oil price plunge since 2014 but still have lots of room for improvement, research has found. The findings come from a study which assessed how effectively oil and gas companies have responded to calls for them to work together to help limit the damage

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Oil dips on rising U.S. fuel stocks

Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. A worker prepares to label barrels of lubricant oil at the state oil company Pertamina’s lubricant production facility in Cilacap, Central Java, Indonesia November 6, 2017 in this photo taken by Antara Foto. U.S. West

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