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ExxonMobil 'Puts Guyana on the Map' with Discovery

Could ExxonMobil attain 2 billion-barrel oil reserves mark offshore Guyana?
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Saudi Aramco to Boost Turnkey Drilling Contracts

Saudi Aramco plans to increase turnkey drilling contracts as part of a strategy to boost collaboration with major oilfield service providers, four industry sources said.
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CEO: Saudi Aramco Not Discussing Stake in Novatek's Arctic LNG project

Saudi Aramco is discussing several investment opportunities with Russian firms but there are no current plans to take a stake in Novatek's liquefied natural gas (LNG) project, Aramco Chief Executive Amin Nasser said.
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Australia Closing In On Qatar as World's Top LNG Exporter

Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world's top supplier.
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Argentina Plans Auction for Offshore Oil Exploration Next Year

Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said.
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Oil Edges Higher as Saudi-Russia Encounter Reassures Oil Bulls

Oil climbs as Saudi Arabia and Russia, the world's biggest oil exporters, signal continued cooperation on efforts to erode a global crude glut.
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TransCanada's Decision to Scrap Pipeline Draws Cheers in Quebec

Politicians and environmental campaigners in Quebec are shedding few tears over TransCanada Corp.'s decision to pull the plug on its Energy East pipeline project.
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Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut

The rush of enthusiasm that followed the July find has turned into a nervous wait.
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Offshore Rig Firms See End To Worst Downturn In History

Demand for offshore rig rental globally is starting to recover from its worst ever downturn.
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Shell Cancels Sale Of Thai Gas Field Stakes To Kuwait's KUFPEC

Shell says it has canceled a $900MM deal to sell its gas field stakes in Thailand to KUFPEC.
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Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture

Statoil is taking its first step into the solar sector, partnering up with Oslo-listed renewable energy firm Scatec Solar.
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India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says

India is pushing to renegotiate more LNG deals after its success in reaching agreements with some of the world's largest energy suppliers.
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IEA Lifts Five-Year Renewables Forecast After Record 2016

The IEA raises its forecasts for renewable energy over the next five years.
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Congressmen: Oil and Gas Industry Needs a Better Narrative

Industry needs to better define itself in face of opposition, say panelists at Washington, D.C., conference.
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Oil Slips After Surprising Increase In US Crude Exports

Oil prices fell after a surprising jump in US crude exports to a record 2 million barrels per day fanned worries about global oversupply.
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Putin Says Oil Pact With OPEC May Be Extended to End of 2018

President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018.
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Venezuela Confirms Discussing Citgo Collateral Swap With Rosneft

PDVSA is negotiating to swap Russian oil producer Rosneft's collateral in Venezuelan-owned, Citgo, adding that results are expected 'very soon.'
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Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale

Petronas is looking to sell some oil and gas assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets says.
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EIA: US Crude Stocks Fall As Exports Hit New Record

US crude oil stocks fell sharply last week as crude exports rose to a record high of nearly 2 million barrels per day, the Energy Information Administration says.
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Nigerian Minister Is Said to Question $24 Billion Oil Deals

Nigeria's oil minister sent a letter to President Buhari listing at least $24B of contracts involving the state oil company that he said were never discussed with him or the firm's board.
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