Oil , Gas and Energy
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McDermott Enters Deal to Initiate Financial Restructuring
McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.McDermott International…
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China’s qualified refineries hungry for remainder 2023 crude import quotas
China’s qualified refineries, including privately-held complexes and small-sized independent plants, are hungry for the remainder crude import quotas for 2023…
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USA Allows Release of $6 Billion in Oil Proceeds to Iran
‘What is being pursued here is an arrangement wherein we secure the release of five wrongfully held Americans’.’What is being…
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Helicopter Crashes into Sea Offshore UAE
‘The helicopter was conducting routine training operations between Al Maktoum International Airport and an offshore rig’.’The helicopter was conducting routine…
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Persist, Dienerian Merge, Obtain $29.4MM Equity Commitment
The merger boosts Persist’s position as an emerging player in the southern Alberta Mannville formation oil development.The merger boosts Persist’s…
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Strike-Hit Chevron Australia to Invoke Govt’s Forced Settlement Powers
Chevron Australia sees no ‘reasonable prospect of agreement’ with striking workers.Chevron Australia sees no ‘reasonable prospect of agreement’ with striking…
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Wolf to Extend Carbon Pipeline, Inks Deal with Air Products Canada
Wolf Midstream has reached an FID to extend its Alberta Carbon Trunk Line.Wolf Midstream has reached an FID to extend…
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Tsakos Continues to Ride on War-Induced Rise in Shipping Rates
Tsakos posted $237 million in net income for the first half, up nearly fivefold year on year.Tsakos posted $237 million…
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South Sudan Advised to Delay Takeover of Privately Held Oil Fields
South Sudan’s national planning body said contracts expiring 2027 should be renewed.South Sudan’s national planning body said contracts expiring 2027…
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INTERVIEW: Fractal Shipping pauses Russian crude trade as fleet may be expanded
Fractal Shipping, which has carried 88 million barrels of crude and oil products since December 2022 — half of it…
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