Petro-Canada up on government plan
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SAN FRANCISCO (CBS.MW) -- Shares in Petro-Canada posted gains Friday after the Canadian government said it plans to sell its remaining 19 percent stake in the giant oil company.
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Organization of Petroleum Exporting Countries (OPEC) ministers agreed to increase the cartel&#39;s official daily production quota by one million barrels.
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Oil and gas deep under the Gulf of Mexico should boost Gulf production considerably over the next decade, the government says. New deep-water wells poised to start production
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The oil and gas firm keeps ratcheting up reserves.
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MOSCOW (CP) - Petro-Canada and Russia&#39;s Gazprom have signed a tentative deal aimed at shipping liquefied natural gas to North American markets by 2009.
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U.S. crude oil supplies rose more than  expected last week as imports surged to their second highest on  record, the federal government said on Wednesday.
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Stocks rose on Wednesday as the government raised its estimate of third-quarter economic growth and shares of Exxon Mobil Corp.  and Microsoft Corp.  advanced.
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A look at how government does business with the oil industry.
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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The federal government says they have a plan to do business more efficiently but that could mean job losses for those working in Ottawa.
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Shares of Husky Energy Inc., a Canadian oil and natural-gas producer controlled by Hong Kong billionaire Li Ka-shing, rose after a newspaper reported that the Chinese government is in talks to buy the company.
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ConocoPhillips said on that its worldwide production of hydrocarbons probably rose in the final three months of 2007 from the third quarter, and oil and natural gas prices were also higher.
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PARIS, Oct 22  - The French government will raise gas prices by nearly 10 percent on November 1 owing to surging oil prices, the French daily Le Parisien reported Friday.
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CALGARY (CP) - The federal government is expecting a "significant increase" in revenues for the current fiscal year and next year, Finance Minister Ralph Goodale said Tuesday.
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The production capacity of Alcoa Inc.'s proposed aluminum plant in Trinidad is being expanded by 29 percent, the prime minister said.
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Canada&#39;s government launched the sale of its remaining C$3 billion ($2.3 billion) stake in Petro-Canada (PCA.TO: Quote, Profile, Research) (PCZ.
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The Canadian government is getting out of the oil-and-gas business by selling off its stake in Petro-Canada for about $3.1 billion.