Huge Ghana oilfield discovery
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UK firm Tullow Oil announces the discovery of 600 million barrels of oil offshore from Ghana.
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A 6-foot gash has been discovered in the hull of a tanker that leaked 30,000 gallons of crude oil into the Delaware River Friday night, officials said yesterday.
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NEW YORK -- Oil futures prices headed to a new high Monday as a strike began in Africa&#39;s largest exporter of crude oil. Crude for November delivery rose 33 cents to $53.
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NEW YORK -- Oil futures rose to a new record of $100.09 a barrel Thursday after the government reported a larger-than-expected decline in crude oil inventories and an unexpected rise in heating oil supplies.
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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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Statoil, NorwayÂs largest oil company, will pay $700 million for stakes in two oil and gas finds and one exploration prospect in deep waters of the Gulf of Mexico to offset an expected drop in domestic output. The company will buy 17.5 percent of the Caesar discovery and 12.5 percent each of the Big Foot find and the Big Foot North prospect from the Plains Exploration and Production Company of Houston, Statoil said. The discoveries are expected to increase production ÂsignificantlyÂ after 2010, Statoil said. It did not estimate the size of the reserves in the stakes.
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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Oil &amp; Natural Gas Corp., India&#39;s biggest oil producer, bought 55 percent of an oil exploration area off the coast of Western Australia from Calgary-based Antrim Energy Inc.
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The price of crude oil reaches new record levels amid concerns about possible unrest in Venezuela and the threat of sabotage in Iraq.
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ST. JOHN&#39;S, Nfld. -- An oil spill on Newfoundland&#39;s Grand Banks is larger than first reported. The Canada-Newfoundland Offshore Petroleum Board now says that up to 1,000 barrels of oil may have spilled into
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Nigerian villagers have ended their three-day occupation of three oil installations in the Niger Delta. Anglo-Dutch energy giant Shell said the protestors on its two plants had departed to nearby village Freetown, on Tuesday.
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WASHINGTON -- Tests of a deep-water well in the Gulf of Mexico could indicate a significant oil discovery, three companies announced Tuesday, in the first project to tap into a region that reportedly could boost U.S. oil and gas reserves by as much as 50 percent.
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A "significant" oil and gas find has been made in the North Sea west of Shetland, it is announced.
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Ghana's president welcomes the discovery of a major oil deposit, saying Ghana will become an "African tiger".
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ChevronTexaco reports that its United Kingdom subsidiary and its partners, Statoil, OMV and DONG, have made a significant oil and gas discovery at the offshore Rosebank/Lochnagar well in the Faroe-Shetland ...
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US Coast Guard Divers have found a two-metre gash on the tanker in the Delaware River. The spill leaked over 100-thousand litres of crude oil and has created a 32-kilometre long slick.
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Oil prices soared to a new record above $50 yesterday as uncertainties over Nigerian output heightened worries of a severe supply disruption ahead of winter.