December 27

Common pipeline for oil basins soon
Economic Times - India
NEW DELHI: Companies — such as ONGC, Reliance, Cairn — engaged in exploration and production (E&P) of oil and gas in the Krishna-Godavari (KG) basin and ...
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Oil Falls to 1-Month Low as Mild Weather Cuts US Fuel Demand
Bloomberg - USA
By Mark Shenk. Dec. 27 (Bloomberg) -- Crude oil declined to a one-month low as mild weather in most of the US reduced heating-fuel consumption. ...
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3Q Profit Drops at Russia's Rosneft Oil
Houston Chronicle - United States
MOSCOW — Russia's state-controlled oil giant OAO Rosneft reported a 13 percent drop in third-quarter profits Wednesday, owing mainly to lower crude prices ...
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Crude oil prices decline under 61 dollars
Xinhua - China
NEW YORK, Dec. 27 (Xinhua) -- Crude oil prices declined Wednesday due to a drop in US demand for heating oil as mild weather dominated the country. ...
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Oil weapon a 'double-edged sword' in Iran crisis
People's Daily Online - Beijing,China
Iran will be hesitant to use its oil as a weapon in its confrontation with the West on the nuclear issue, nor will the UN initiate sanctions on Iran's oil ...
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Up to 28,000 bpd US Gulf oil shut on pipe damage
Reuters - USA
NEW YORK, Dec 27 (Reuters) - Between 25,000 and 28,000 barrels per day of offshore oil production in the Gulf of Mexico has been shut-in due to damage to the ...
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Energy shares rise despite lower oil and gas prices
MarketWatch - USA
HOUSTON (MarketWatch) -- Oil and gas companies rose Wednesday, despite falling crude and natural gas prices, as many fund managers made last-minute additions ...
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December 20

Iran admits oil projects suffering
Financial Times - London,England,UK
Iran’s oil minister admitted on Wednesday that Tehran was having trouble financing oil projects, in a rare acknowledgment of the economic cost of its nuclear ...
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Oil Jumps to a 3-Month High After US Reports Inventory Drop
Bloomberg - USA
Dec. 20 (Bloomberg) -- Crude oil climbed to a three-month high in New York after a government report showed that US inventories dropped more than expected and ...
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Study: Weathered oil has less toxicity
Monsters and Critics.com - Glasgow,UK
NEWARK, DE, United States (UPI) -- A US study determined the toxicity of weathered oil decreases over time following an oil spill. ...
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Oil stocks close lower on downgrade, profit-taking
MarketWatch - USA
SAN FRANCISCO (MarketWatch) -- Oil and gas stocks fell Wednesday, surrendering the previous session's gains amid a bout of year-end profit-taking while taking ...
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Nigerians Vow To Execute Oil Hostages
Playfuls.com - Targu Mures,Romania
by News Staff. Nigerian militants who kidnapped four Italian and Lebanese oil workers said Wednesday they didn't want ransoms, and would kill the workers. ...
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Russian oil companies win bid for Libyan oil contracts
International Herald Tribune - France
... beat the competition Wednesday in Tripoli when 23 firms — including three from the United States — announced their bids to drill for oil beneath Libya's ...
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December 17

High oil prices help global trade grow by 6% in '05
Gulf News - Dubai,United Arab Emirates
Dubai: Global trade, fuelled by oil fortunes of Africa and the Middle East, helped grow by six per cent last year, according to the World Trade Organisation's ...
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India, China sign key MoU on oil & gas exploration
Zee News - Noida,India
... today further cemented their friendship and strategic ties by inking a major pact envisaging joint exploration, production and acquisition of oil assets in ...
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Oil industry to make use of Iran-140
IranMania News - Iran
LONDON, December 17 (IranMania) - Iran-140 propeller is to be used in oil and gas industry, IRNA reported. Built by Aviation Industries ...
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China's crude oil imports to jump
Shanghai Daily - Shanghai,China
CHINA will import 140 million tons of crude oil in 2006, a 10.2 percent increase from last year, Xinhua news agency reported, citing the Ministry of Commerce. ...
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Alaska Railroad puts the torch to old oil diesel spill near Bird ...
Anchorage Daily News - Anchorage,AK,USA
BIRD POINT -- The Alaska Railroad burned a few hundred gallons of fuel Saturday in marshland near Bird Point, sending smoke that was visible from the Seward ...
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Dubai to host oil and gas summit
Trade Arabia - Manama,Bahrain
The second installment of a top oil and gas conference will be hosted by Dubai with the hope of becoming its permanent home in case the event is successful ...
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December 9

United States needs more oil and gas production, and better ways ...
Houston Chronicle - United States
... of its energy supply, the United States must develop alternative sources and fuels as well as do what it can to maximize domestic production of oil and natural ...
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China launches massive oil production, storage ship
Zee News - Noida,India
Beijing, Dec 09: China on Friday launched a huge oil tanker, three football fields long and as tall as a 24-story building, in the eastern metropolis, Shanghai ...
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Kurdish PM Discusses ISG Report, Iraqi Oil Law
Voice of America - USA
... in Iraq has not been warmly received in northern Iraq's semi-autonomous Kurdistan region, particularly its recommendation on how Iraq's oil wealth should be ...
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OPEC sec-gen sees excess 500,000 bpd in oil market
Reuters South Africa - Johannesburg,South Africa
LAGOS (Reuters) - The global oil market is over-supplied by over 500,000 barrels per day (bpd) and OPEC will take appropriate measures to balance it at its ...
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Yemen Awards Eight Oil Blocks To Five Foreign Exploration Firms
Playfuls.com - Targu Mures,Romania
Yemen awarded five foreign oil companies on Saturday the concession rights to explore in eight onshore blocks in the country's third international oil ...
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Measure to resolve oil wealth distribution in Iraq nears ...
KTRE - Lufkin,TX,USA
BAGHDAD, Iraq Iraqi legislation intended to resolve the politically charged question of distributing the country's oil wealth is nearing completion. ...
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December 4

Oil Drops First Time in More Than a Week on Warmer US Weather
Bloomberg - USA
Dec. 4 (Bloomberg) -- Crude oil fell for the first time in more than a week as warmer weather was expected to lower heating- oil demand in the US Northeast. ...
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Oil falls under $63, natural-gas ends over 7% lower
MarketWatch - USA
SAN FRANCISCO (MarketWatch) -- Crude-oil prices finished under $63 a barrel Monday, and natural-gas futures dropped more than 7% to mark their weakest closing ...
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Opec frets over $ fall, ponders oil cut
Financial Express - Bombay,India
ABU DHABI, VIENNA, DEC 4: Opec is worried by a fall in the dollar that is eroding member states’ oil revenue and ministers will take up the issue when they ...
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Heating oil prices tumbling in NE
Boston Globe - United States
For the first time in years, New England residents head into winter with a chance of paying less for heating oil than they did the previous year. ...
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Lower oil prices may boost Titan's earnings: OSK Securities
Business Times - Malaysia - Malaysia
SOUTH-EAST Asia's largest polyolefin producer Titan Chemicals Corp Bhd may post stronger earnings in the second half of the year, helped by lower oil prices. ...
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Cairn to add 20% to oil output
Business Standard - India
Cairn UK Holdings Indian subsidiary is hoping to contribute 20 per cent to the country’s crude oil output by the turn of the decade once its Magala oilfield ...
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Oil majors resort to speed interviews for key posts
Economic Times - India
... “Have you ever searched for oil under the ocean floor, or helped create products to improve fuels and lubricants? Hurry now, the clock’s ticking.”. ...
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Nigeria wants more oil, gas investments
AngolaPress - Angola
Bethesda, US, 12/04 - Nigeria has called for more investments in the exploration and exploitation of its new oil and gas discoveries, which it described as ...
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Hungary's MOL set to buy unnamed Russian oil asset -1
RIA Novosti - Moscow,Russia
MOSCOW, December 4 (RIA Novosti) - MOL Hungarian Oil and Gas Plc plans to buy an unspecified oil asset in Russia as part of its business expansion strategy, a ...
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