BP to invest 3.0 billion dollars in US refinery
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British energy giant BP said that it planned to invest 3.0 billion dollars (2.36 billion euros) in its refinery in the US state of Indiana, in a move aimed at boosting motor fuel output.
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British energy giant BP said that overall production of its oil products during the third quarter was expected to rise by 11 percent from the equivalent figure last year, helped by its Russian operations.
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LONDON (CP) - Royal Dutch/Shell Group said Wednesday it will spend $45 billion US and sell up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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LONDON - BP PLC agreed to pay $373 million to resolve charges related to a fatal refinery explosion, market manipulation, and an oil pipeline leak, as Europe's second-largest oil company tries to recover from lapses that dented its share price and image.
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HOUSTON -- Oil giant Exxon Mobil Corp. said yesterday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production.
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BP Plc and subsidiaries have agreed to pay $373 million in fines and restitution for environmental violations and fraud charges, the U.S. Justice Department said on Thursday.
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Sempra Energy LNG said Oct. 12 that it signed a 20-year agreement to purchase 3.7 million tons of liquefied natural gas per year from Indonesia for its proposed terminal just south of the US border from BP PLC and its partner Tangguh LNG.
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AMSTERDAM - Anglo-Dutch energy giant Shell announced plans on Wednesday to invest USD 45 billion (EUR 37 billion) in oil and gas exploration in a bid to increase its reserves and restore investor confidence.
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ANGLO-Dutch oil group Royal Dutch Shell yesterday said it would invest $45bn over three years to boost reserves and production as it battles to shake off the scandal of its reserves over-booking.
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Oil giant BP Plc has denied misleading a  U.S. environmental regulator about having installed safety  equipment at its Texas City refinery that investigators believe  would have reduced the likelihood of a fatal explosion last  year.
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Oil major BP  on Thursday  agreed to pay $373 million to settle U.S. charges stemming from  a deadly Texas refinery explosion, an Alaska oil spill and  allegations it manipulated the propane market.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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By Christopher Hope, Business Correspondent (Filed: 23/09/2004). Shell pledged yesterday to spend more cash on finding oil and gas over the next three years as the world&#39;s third largest oil company admitted
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High oil and gas prices and bigger profit margins in refining helped the British energy giant BP PLC nearly double its third-quarter earnings, the company said Tuesday.
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THE UAE and Kuwait plan to increase oil production capacity by nearly 3,00,000 bpd and 2,00,000 bpd respectively in the short term in a bid to stabilise the market, which has been rocked by high oil prices touching $53 per barrel prior to the week end.
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Energy giant BP has agreed to pay 303 million dollars to settle civil charges that it manipulated prices in the US propane market during 2004, the Wall Street Journal online reported Tuesday.
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US energy group Tesoro Corporation said it agreed to buy an oil refinery, an energy terminal and 250 gasoline stations in California from Anglo-Dutch Royal Dutch Shell for 1.6 billion dollars.