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2015, July, 3, 18:00:00THE NEW NORWAY'S RESERVES
The Norwegian government confirmed Wednesday oil and gas reserves were discovered in a North Sea area not known previously to contain hydrocarbons.
2015, July, 3, 17:55:00SHANGHAI OIL & GAS EXCHANGE
The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News Agency has the largest stake – at 33 percent – followed by the country's Big Three oil and gas producers. China National Petroleum Corp. (CNPC), China Petrochemical Corp. Group and China National Offshore Oil Corp. each own 10 percent.
2015, July, 3, 17:50:00BP WILL PAY $18.7 BLN
BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said.
2015, July, 1, 19:30:00SHALE NEVER DIE
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market.
2015, July, 1, 19:25:00OPEC SHARE DOWN
Booming U.S. shale production helped cut OPEC’s global crude market share to a 12 year low last year.
2015, July, 1, 19:20:00CHINA OIL DEMAND UP 8.2%
China's apparent oil demand* in May increased 8.2% from a year earlier to 43.80 million metric tons (mt), or an average 10.36 million barrels per day (b/d).
2015, July, 1, 19:15:00CHINA STARTED TO BUILD
Construction has begun on the Chinese section of the Russia-China Gas Pipeline, according to China National Petroleum Corp.
2015, July, 1, 19:10:00EGYPT'S GAS DOWN
Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014.
2015, July, 1, 19:05:00PETROBRAS 37% DOWN
Brazil’s Petrobras will cut its spending by 37 percent through the next four years in an effort to tame its enormous $110 billion debt.
2015, July, 1, 19:00:00STATOIL STARTED UP THE MACHINE
“The steel jacket will also be one of the most complex ever built by the industry. Not only will we route the land-based power through the jacket, we’ll also be controlling the subsea water injection and exporting the field’s oil and gas from it,”