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2014, December, 6, 16:35:00
OIL PROJECTS: $150 BLN AXE
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.
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2014, December, 6, 16:30:00
U.S. OIL: NO SANTA CLAUS
Heavily indebted US shale companies are facing financial pressure as a result of the fall in the price of oil but may find their lenders are inclined to “go easy” on them, according to Fitch, the rating agency.
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2014, December, 6, 16:25:00
U.S. OIL GROWTH
U.S. crude oil and lease condensate proved reserves rose for the fifth consecutive year in 2013, increasing by 9% from the 2012 level to 36.5 billion barrels
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2014, December, 6, 16:20:00
OIL PRICES DOWN
Oil prices slid to the lowest point in more than five years Friday as worries about a global glut of oil continued to weigh on the market.
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2014, December, 6, 16:15:00
OIL PRICES: THE NEW WORLD
The recent sharp falls in the oil price require further adjustments to asset values around the world. Oil was in most people’s forecasts and commentaries at about $110 a barrel earlier this year, but is now selling for under $70.
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2014, December, 6, 16:10:00
OIL PRICES: NORTH SEA NIGHTMARE
Sir Ian Wood, the Aberdeen-based billionaire and energy industry veteran, has given warning that tumbling oil prices will have a “horrible effect” on North Sea prospects.
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2014, December, 6, 16:05:00
OIL PRICES: NORWAY THREAT
A sharp drop in oil prices since the summer is creating a heap of trouble for Norway.
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2014, December, 6, 16:00:00
ROMANIA NEEDS MONEY: $123 BLN
Romania's energy sector needs about 100 billion euros ($123 billion) worth of investment in power, oil and gas production, mining and related infrastructure by 2035 to be more self-sufficient, a draft energy ministry document showed.
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2014, December, 6, 15:55:00
SISTEMA FELL: 35%
Shares in Vladimir Yevtushenkov’s Sistema Group fell more than 35 per cent this week, amid growing concern that Russian investigators will try to reclaim Rbs140bn ($2.7bn) in dividends that the group has received from its oil company Bashneft .
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2014, December, 6, 15:50:00
RUSSIA & TURKEY: UNLIKELY TO AGREE
that would allow Russia to establish control over such a gas trading hub, former US ambassador to Azerbaijan, Director of the International Centre for Defense Studies in Tallinn, Matthew Bryza told Trend.