2 companies join to make oil-drilling heavyweight
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The world's largest offshore drilling contractor got bigger yesterday when Transocean said it will combine with GlobalSantaFe, creating a company able to drill globally in shallow or ultra-deep waters.
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A Malaysian firm signs up partners to its ambitious plan for an oil pipeline bypassing the crowded Malacca Strait.
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BHP Billiton&#39;s second appraisal well at its Shenzi discovery in the Gulf of Mexico has also struck oil, greatly increasing prospects for commercial development of the deep water field.
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Transocean Inc. , the  world&#39;s largest offshore driller, said on Monday it would buy  smaller rival GlobalSantaFe Corp. , creating a $53  billion company with a presence in ultra-deepwater and  deepwater drilling and additional growth from new rigs.
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LONDON, England -- Royal Dutch/Shell plans to boost exploration and production in a bid to restore confidence in the scandal-hit oil giant.
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Royal Dutch Shell and Saudi Arabia's state oil company announced Friday they would go ahead with a $7 billion expansion of a jointly-owned Texas refinery that will make the plant one of the biggest in the world.
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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.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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Oil company reachs deal over 2005 refinery explosion, oil spill and propane price-fixing.
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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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Two leading scrap metal processors are joining forces, forming a force to be reckoned with.
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Two of Canada&#39;s biggest energy companies, TransCanada Corp. and Petro-Canada Inc., want to build a $660 million liquefied natural gas plant in northeastern Quebec to meet North Americans&#39; insatiable demand for the fuel.
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US oil giant ConocoPhillips has announced a $US2.4billion ($3.3billion) strategic alliance with Russia&#39;s largest oil company, Lukoil, under which Conoco will buy a 7.6per cent stake in the Russian company and get a share of joint projects.
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A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost America's reserves by more than 50 percent.
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Start-up firms Actional and Westbridge Technology combine forces.
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A Transocean and GlobalSantaFe combination will be an offshore drilling behemoth.
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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.