Jason Gammel News
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BP Plc’s $8 billion settlement with victims of the 2010 Gulf of Mexico spill may have hurt Europe’s second-largest oil company more than it helped.
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Simon Henry is the frontrunner among analysts to become the next chief executive officer of Royal Dutch Shell Plc after Peter Voser unexpectedly announced his resignation next year from Europe’s biggest oil company.
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Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, agreed to buy LNG assets from Repsol SA for $4.4 billion in cash to expand in Latin America and Spain.
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BP Plc’s decision to consider selling out of its Russian venture signals the end for John Browne’s vision of a British driller able to challenge Exxon Mobil Corp. as the world’s largest publicly-traded oil producer.
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ConocoPhillips , the third-largest U.S. oil company, said it plans to sell its stake in three oil and natural gas assets off Vietnam’s coast.
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OAO Rosneft, Russia’s biggest oil company, sealed its $55 billion acquisition of TNK-BP, becoming the world’s largest publicly traded oil producer by output.
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Exxon Mobil Corp.’s coup in securing access to OAO Rosneft’s Arctic oil frontier is the culmination of almost 15 years of effort by Chief Executive Officer Rex Tillerson to expand its position in Russia.
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The world’s biggest oil companies are failing to convert the highest Brent crude prices ever into record profits as production costs climb and U.S. natural gas prices languish.
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ConocoPhillips, the third-largest U.S. oil company, named two men to lead the independent production and refining companies that will be created by its breakup next year.
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Royal Dutch Shell Plc is building the firepower to make acquisitions as record cash flow cuts debt to the lowest level in three years.
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