Oil companies setting up joint venture
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Sinochem Corp, the fourth largest State oil company in China, signed an agreement with France's TotalFinaElf on Saturday to establish a joint venture to market oil products in North China, according to China ...
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International oil companies have launched voluntary efforts to train Iraq's oil workers and provide technical assistance, hoping to generate goodwill and eventually get access to the country's huge oil reserves.
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Russian oil giant Lukoil Holdings is planning a $1 billion joint investment with Venezuela's state-run oil company, a top Lukoil official said Thursday.
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A sizable group out of the  six foreign oil majors negotiating with Venezuela the  nationalization of multibillion dollar projects are about to  sign deals, the OPEC member&#39;s energy minister said on  Wednesday.
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Royal Dutch/Shell is merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a 187 million dollar service station joint venture, the companies said.
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Royal Dutch/Shell says the two holding companies that own the group are to merge, after reporting bumper third-quarter profits on the back of high oil prices.
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The UK's two biggest co-operatives begin talks that may lead to a merger.
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ConocoPhillips said on Wednesday it was  seeking 20 percent of Russia's LUKOIL in a far-reaching  alliance that opens the way for the oil majors to tap vast  reserves in northern Russia and Iraq.
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Norwegian petroleum companies Statoil ASA and Norsk Hydro ASA elbowed into the global fray for oil yesterday with a plan to form a state-controlled giant that would be the world's largest offshore oil producer.
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Dublin-based Petroceltic is among eight international firms signing oil and gas deals with Algeria.
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Units of three energy companies, including Juno Beach-based FPL Group Inc., Tuesday said they have joined forces to develop a multimillion-dollar project that includes building a liquefied natural
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Big energy companies are making major bets on Rocky Mountain oil shale as the United States looks for ways to reduce reliance on foreign countries for its oil supplies.
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London-listed energy group JKX Oil and Gas has said that its Ukrainian unit had signed a deal to supply gas to Anglo-Dutch giant Royal Dutch Shell.
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Seismic firms come in handy with the cyclical nature of the energy industry.
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Oil comany Chevron and leading carriers AT&T, Verizon want to join the bidders, which include Google.
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Fresh from a new alliance with ConocoPhillips, Lukoil is trying to transform itself from a Russian oil company to an international oil giant.