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Oil & Gas

BP’s Argentina deal falls through

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Oil rig explosion in Iran kills one, injures three

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Key Petroleum sets sights on Australia’s Canning Basin

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Senior Ugandan government officials resign over oil scandal

KAMPALA, Uganda — Three senior Ugandan government officials were asked to step down Wednesday amid allegations that they accepted bribes from a British oil company, The New York Times reported.Parliament
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ITT to acquire Australian distributor

WHITE PLAINS, N.Y. — ITT Corporation has signed an agreement to acquire Blakers Pump Engineers, a long-time distributor of ITT''s Goulds Pumps brand in Australia, according to a press release.
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Sinopec acquires Canada-based Daylight Energy for $2.1 billion

CALGARY, Alberta — China Petrochemical Corp., the nation’s biggest refiner, has agreed to buy Calgary, Alberta-based Daylight Energy Ltd. for $2.1 billion, Bloomberg reported.With the acquisition — its largest this
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Crews work to recover oil from wrecked ship off New Zealand coast

TAURANGA, New Zealand — Crews in New Zealand are fighting high winds as they attempt to recover oil from a ship carrying nearly 500,000 gallons of fuel that ran aground
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Shell to close naphtha cracker in Singapore

SINGAPORE -- Royal Dutch Shell Plc, whose largest refinery was halted by a fire last week, also plans to shut its naphtha cracker at Pulau Bukom in Singapore, Bloomberg reported.
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President Petroleum to expand operations in Argentina

SALTA, Argentina — Oil and gas company President Petroleum Co. has announced plans to acquire new fields in Argentina, according to Bloomberg.President, based in London, wants fields that have already
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Saudi Arabia looks to maintain edge in petrochemical industry

MECCA, Saudi Arabia — According to National Commercial Bank (NCB), Saudi Arabia’s largest bank, the Gulf kingdom is investing nearly $63 billion into projects to boost its petrochemical industry and
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