While OPEC’s fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.
Source: Offshore
For OPEC, This Year's Painful Oil Slump Will Bring Gains in 2016
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The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.
Source: Offshore
New IEA Boss Faces World Energy Landscape In Flux
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US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.
Source: Offshore
US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
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Following stock market chaos in August that brought oil prices down to 6-year lows, oil traders focus again on the persistent global oil oversupply situation.
Source: Offshore
Rattled by Pure Sentiment in August, Markets Return Focus to Fundamentals
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Lukoil’s net income of $1.01 billion in the second quarter of 2015 marked a decrease of over 50% compared to the $2.40 billion figure recorded in 2Q 2014.
Source: Offshore
Lukoil's 2Q Profit Falls
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Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
Source: Offshore
Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
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Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world’s most profitable.
Source: Offshore
Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
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Maurel & Prom says it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil price.
Source: Offshore
Maurel & Prom Eyes Further Merger After MPI Deal To Cope With Low Oil Price
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Galilee Energy completes the acquisition of the remaining 50 percent stake in ATP 529P in Galilee Basin om Queensland, Australia from AGL Energy.
Source: Offshore
Galilee Completes Acquisition of ATP 529P Permit in Queensland, Australia
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OMV appoints a new executive board member responsible for upstream, effective September 1, 2015.
Source: Offshore
OMV Appoints New Executive Board Member
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