Big oil firms expand in unconventional oil sector
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Major oil companies are playing a bigger role in the search for oil and gas from unconventional sources, consultants Wood Mackenzie said on Monday.
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A Chevron Corp.-led CVX.N group said   on Tuesday it successfully drilled a widely watched exploration   well in the U.S. Gulf of Mexico, sparking hopes it could be   among the biggest recent U.S. oil discoveries.
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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.
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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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By Lezlee E. Whiting For the Deseret Morning News  VERNAL -- A unique project that ultimately expects to prove that oil can be economically extracted from shale rock is moving closer to its test phase.
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Colombia's state oil company goes searching for investors -- in supermarkets, gyms and big-box stores
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Growing demand for resources in Asia is being served by a group of big Western companies.
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Technological advances and Americans' hearty appetite for natural gas have given Anadarko Petroleum Corp. the opportunity to break new ground Â literally and figuratively Â in this remote, rugged region of the Rocky Mountains.
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World oil prices shot higher on Monday  as companies operating in the Gulf of Mexico braced for output  disruptions from powerful Hurricane Ivan.
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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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Business is brisk for this drilling equipment dynamo.
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The fortunes of alternative energy companies have been linked to two factors outside their control: oil prices and politics.
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Seismic firms come in handy with the cyclical nature of the energy industry.
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The announcement of a successful five-mile-deep (eight-kilometer-deep) oil well in the Gulf of Mexico might herald a new age of deepwater drilling, experts say.
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The boom in Gulf of Mexico oil  exploration since the 1970s made New Orleans a hub of the U.S.  energy industry, but the devastation caused by Hurricane  Katrina in 2005 has led some oil companies to move out, a  mini-exodus that could grow.
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Can this drilling equipment company squeeze out more growth?
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The energy firm projects sturdy future EBITDA growth.