Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.
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Russia’s Lukoil, Norilsk Nickel cooperate on oil and gas project
Mining News Pro - Russian mining giant Norilsk Nickel and oil company LUKOIL are in the process of creating a large oil and gas project, the daily Kommersant reported on Tuesday.
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Canadian government sued by environmental groups over 20 oil and gas “sleeper” permits
Mining News Pro - Two environmental groups are suing the Canadian federal government over 20 oil and gas “sleeper” exploration permits originally granted off the coast of British Columbia in the late 1960s and 1970s.
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Special Oxin Steel products are crucial for Iran’s oil and gas industry
Mining News Pro - Khuzestan Oxin Steel began its operation in 2008 with the aim of meeting the country's need for API and special alloy sheets used in oil and gas industries.
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How lithium can be efficiently extracted from oil and gas wastewater
Mining News Pro - New research published in the journal Proceedings of the National Academies of Sciences proposes the idea of rapidly extracting lithium from contaminated water.
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Six months set aside for merger of CEF’s oil and gas subsidiaries into ‘Newco’
Mining News Pro - The process of merging the State-owned entities of PetroSA, Igas and the Strategic Fuel Fund (SFF) into an “integrated national petroleum company” will formally begin on September 1, with six months having been set aside for the creation of a Newco that is “commercially viable”.
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Australian oil and gas supply secure
Mining News Pro - The Australian Petroleum Production and Exploration Association (Appea) and the Australian Pipelines and Gas Association (APGA) on Friday said that their members were working to ensure the delivery of essential gas supply to local customers amid the Covid-19 outbreak.
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Australian oil and gas producers` tax revealed
Mining News Pro - Australian oil and gas producers had reported their worst operating result in the 2016/17 financial year.
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BP front-runner to buy BHP oil and gas operations after $US10bn bid
Mining News Pro - BP has emerged as the front-runner to buy BHP’s US shale assets after submitting a bid of over $US10 billion ($13.5 billion), according to sources at Reuters.
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World Bank to stop funding oil and gas projects
Mining News Agency- The President for the World Bank, Jim Yong Kim, said Tuesday the institution will stop all lending for oil and gas projects after 2019, with the exception of certain gas projects in the poorest countries facing exceptional circumstances.
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BHP exiting oil and gas
Madan News Agency - World number one mining company BHP posted a fourfold rise in underlying profits on Tuesday in Australia of $6.7 billion. Free cash flow also surged, coming in at $12.6 billion.
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