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BP agrees deal with Rosneft

BP has agreed to sell its shareholdings in TNK-BP and will also acquire an additional shareholding in Rosneft.

 
 
 

South Sudan to restart production

South Sudan is to start pumping oil through pipelines to Port Sudan following successful discussions with its neighbour Sudan.

 

ExxonMobil acquires Celtic Exploration

ExxonMobil Canada today announced an agreement with Celtic Exploration Ltd. under which an ExxonMobil Canada affiliate will acquire Celtic.

 
 

Polish PM announces 40% tax on O&G profits

Poland鶹ýӳs Prime Minister, Donald Tusk, has announced plans to tax oil and gas companies at roughly 40% of their profits as the government begins to outline what it hopes will be seen as an investment-friendly regulatory framework.

 
 

Rio Tinto announces 鶹ýӳstrong鶹ýӳ third quarter results

Despite continued market volatility, Rio Tinto said it performed 鶹ýӳstrongly鶹ýӳ in the third quarter with record quarterly Pilbara iron ore production and increased thermal coal production compared to the same period last year. 鶹ýӳOur business is resilient and our operations are performing strongly鶹ýӳ, said CEO Tom Albanese.

 

Powerful blocks to reform in Nigeria鶹ýӳs oil sector

Nigeria鶹ýӳs government is attempting to reform the oil sector to clamp down on widespread fraud but faces opposition from vested interests in the executive, the oil ministry and the national assembly.

 

BP given approval to export US crude

BP has received permission from the US Government to begin exporting crude oil produced by hydraulic fracturing to Canada.

 
 

Central Asian gas export potential

Wood Mackenzie has predicted that Central Asian Gas exports will be dependent upon the development of the South Iolotan (Galkynysh) project.