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Israel's Oil Refineries Names Yashar Ben Mordechai As CEO

Israel's Oil Refineries (ORL), the country's largest refining and petrochemicals group, appoints Yashar Ben Mordechai as its new chief executive.
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CEO: SABIC Plans To Spend $3-$10B In Acquisitions Over Next 5 Years

Petrochemical producer Saudi Basic Industries Corp (SABIC) plans to spend between $3 and $10 billion on acquisitions over the next 5 years.
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ExxonMobil's Offshore Canada Project Produces First Oil

The Hebron oil project has produced its first oil, ExxonMobil says, in a boost to Atlantic Canada's output after years of weak crude prices.
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Poland To Expand Oil Pipelines As It Diversifies Supplies

Poland's government approves a plan to build more pipelines to help Warsaw.
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Shell to Cancel Scrip Dividend In 4Q

Shell announces the cancellation of its scrip dividend, with effect from the fourth quarter of this year.
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TransCanada Engages Nebraska Landowners On New Keystone XL Route

TransCanada has started engaging landowners on a new route for its Keystone XL pipeline approved by the state of Nebraska.
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Norway's Wealth Fund Says Sale Of Oil Stocks Will Take Years

The Norwegian sovereign wealth fund's proposed multi-billion dollar divestment from oil and gas stocks will take many years to complete.
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Pressured For Profit, Oil Majors Bet Big On Shale Technology

The technological push comes amid worries that US shale gains are slowing as investors press for higher financial returns.
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South China Sea Project Starts Production

The Weizhou 12-2 oil field phase II project, located in the Beibu Gulf in the South China Sea, commences production.
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OPEC Heading For Oil Cut Extension With A Caveat

OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018.
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Oil Slips as Industry Report Said to Show Surprise Storage Build

Oil extended its drop after an industry report was said to show a surprise increase in US crude stockpiles.
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Kemp: Hedge Funds Lighten Bullish Positions In Oil

Hedge funds started to reduce their record bullish position in crude and refined products in the week to Nov. 21 amid growing concerns about the possibility of a sharp price reversal.
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Statoil To Drill 5-6 Wells In Arctic Barents Sea In 2018

Norway's Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing.
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Exxon Says $1B Antwerp Clean Fuels Unit Will Be Running By Mid-2018

ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company says.
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IEA Chief Sees Oil Markets Tightening Towards Second Half Of 2018

The global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies.
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Thai Oil's Refinery To Produce Only Clean Fuels From 2022

Thailand's largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-billion upgrade.
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Aberdeen Services Company to Grow Workforce to 2020

Aberdeen-based services firm confirms its commitment to grow its workforce to 400 people in the next 3 years.
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Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery

Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery
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Statoil to Launch Onshore Operations Centre in 2018

Statoil will establish a new onshore integrated operations centre in 2018.
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HOW COOL IS THAT!: An Accidental Oil and Gas Career

Globe-trotting oil and gas consultant has guarded embassies and Hollywood celebs; initially dreamed of becoming diplomat.
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