Petrobras Launches Oil Tanker Bidding
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Petrobras, Brazil's state-owned petroleum giant, opened a bidding process Thursday for construction of 42 oil tankers to be built for an estimated $1.9 billion (euro1.44 billion), the company said.
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The Canadian government began the sale of its 19 percent stake in Petro-Canada on Thursday in what will most likely be the largest share sale in Canadian history.
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WORLD oil prices rose yesterday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico, where energy companies evacuated thousands of offshore workers and halted some production.
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The Athos I tanker shown between a dry dock station is listing on the Delaware River near Paulsboro, NJ Saturday, Nov. 27, 2004. On Friday the tanker spilled 30,000 gallons of heavy crude oil into the Delaware
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Commercial vessels began using a southwestern Louisiana shipping channel on Friday for the first time since a spill of 47,000 barrels of oil forced its closure last week and tapped the nation&#039;s oil reserve.
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A massive natural gas field is found off Rio de Janeiro's coastline, Brazil's state-controlled oil company says.
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The Russian government today set an auction date of Dec. 19 for the country's No. 1 oil producer, with a starting price at about $8.6 billion.
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PetrÃ³leo Brasileiro, the Brazilian energy company known as Petrobras, canceled a meeting of its executives and Bolivian government officials after Bolivia took steps this week to take over the companyÂs oil operations in the country. Petrobras said the Bolivian measures, which included the takeover of two refineries, the only ones in Bolivia, and its distribution system, would render its Bolivian operations Âunviable.Â The meeting had been scheduled for Friday.
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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The $101-a-share Rio Tinto bid represents a 32.8 percent premium to Alcoaâs hostile offer of $76.03 a share, potentially making it difficult for Alcoa to increase its bid.
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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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LONDON - Crude oil futures contracts topped the psychological milestone of $50 per barrel for the first time Tuesday, surging to new record levels that could unsettle oil importing nations.    Analysts said instability in the Middle East; political unrest in Nigeria, Africa's top oil exporter; and the Caribbean's hurricanes were keeping traders on edge about world supplies...
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Statoil makes a splash in the latest Gulf of Mexico lease sale.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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Alcan Inc. has begun negotiating  toward a merger agreement with Rio Tinto PLC to fend off a  hostile bid from U.S. rival Alcoa Inc., Canada&#39;s the Globe and  Mail newspaper reported on its Web site.
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Colombia's state oil company goes searching for investors -- in supermarkets, gyms and big-box stores
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German truckmaker Man launches a 9.6bn euros takeover bid for Swedish rival Scania.