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Panel: Regulator Should have Final Say on Canada Energy Projects

Canada should reverse the approval process for major energy projects, making them go through a review by the federal government before a final decision by regulatory bodies, an official panel recommended.
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Brazil Acts to Protect Ethanol Producers as U.S. Imports Jump

Brazil is toughening requirements for ethanol importers to protect domestic producers, a minister said on Monday.
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Gas Export Boom Loser May Win From Australia Supply Crunch

The decision by the Shell-PetroChina JV Arrow Energy to scrap a A$20 billion project to ship Arrow's fuel overseas as LNG looks like a blessing in disguise.
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Chevron Shuts First Gorgon LNG Export Plant Unit for Around a Month

"Production on Gorgon Train 1 was stopped on May 12 due to a failure of a flow measurement device," the company said in a statement.
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Saudi Arabia, Russia Push to Extend Oil Output Cut until March 2018

Saudi Arabia's energy minister and his Russian counterpart pledged to "do whatever it takes" to reduce the crude inventory overhang.
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Malaysia's Petronas Chemicals Posts Higher Profit

"Petrochemical product prices have risen in tandem and demand has also shown some improvement," CEO Sazali Hamzah said in a statement.
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Premier Oil Sees Significant Debt Reductions In 2018

Premier Oil, which has struggled to contain its $2.8 billion debt pile, says it expects to slash debt significantly in 2018 with planned asset disposals this year and lower capital spending.
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Bilfinger Says Iran Projects Running According to Plan

Bilfinger secured its first order in Iran last July and is supplying a process control system for an Iranian refinery upgrade.
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Braskem Seeing Stronger Demand from Brazil's Auto, Building Sectors

Braskem SA has seen an improvement in Brazilian demand for its plastics and other petrochemical products, especially in the automotive and construction industries, its CEO said.
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New, Stronger Regulator for Canada Energy Projects -Panel Advice

Environmental and aboriginal groups are mounting high-profile protests against proposed pipelines by TransCanada Corp and Kinder Morgan Inc.
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Colombia's Ecopetrol Output Falls at Big Oil Field amid Protests

Colombia's state oil company Ecopetrol said it reduced output in one of its key production areas due to protests by residents who reject changes to the company's hiring policy for local labor.
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Start-up of Vietnam's Nghi Son Oil Refinery Delayed to 2018

The delay of additional fuel supplies in Asia could be good news for refiners, a trader with a North Asian refinery said.
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Experience, Sound Advice Help Fuel Oil Dealers Handle Large Exposures

A relatively small spillage from an overturned fuel or oil tanker on a highway, a rather common occurrence, can range from $500,000 to $4 million.
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Fire Triggered by Suspected Fuel Thieves Kills Four in Mexico

The pipeline has a capacity of 73,000 barrels per day and transports gasoline and diesel from Pemex's Minatitlan oil refinery to Mexico City.
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South Africa May Award First Shale Gas Exploration Licenses by End-Sept

The five license applications under review are for exploration in the semi-arid Karoo basin.
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Oil Rises 2 pct after Saudi and Russia Back Longer Supply Cut

Oil jumps 2 percent to its highest in more than three weeks, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018.
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Japan Oil Firms Lift Annual Spending On Refineries, Cut Exploration

Some Japanese oil companies have raised their capital investment plans for the year, while others have focused on cutting spending on exploration and production.
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CEO: Canada LNG Developer Pieridae Seeking Natural Gas Acquisitions

Pieridae Energy Ltd, the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus shale play in the United States, its chief executive said.
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Eni Starts Production from Jangkrik Development Project

Eni starts gas production from the Jangkrik Development Project, located in deepwater offshore Indonesia, ahead of schedule.
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Rene R. Joyce Appointed To Apache Board

Apache Corporation (Apache) has appointed Rene R. Joyce to its board of directors. Joyce, 69, served as CEO of Targa Resources Corporation (TRC) from 2005–2011, executive chairman of the board for TRC from 2012–2014 and is currently its director. Joyce has also held executive positions with Coral Energy, LLC (a subsidiary of Shell Oil Company), […]
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