Oil Search's 1H Net Profit Jumps Five Times

Papua New Guinea focused Oil Search August 22 reported a 1H 2017 post-tax profit of $129.1mn, more than five times the first half of 2016 thanks to higher oil, gas and condensate prices.

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Rosneft Completes $12.9bn Purchase of Indian Essar Oil

Russian Rosneft led consortium has closed to the deal to acquire 98% of Essar Oil from Essar Energy Holdings and its affiliates for close to $13bn.

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BHP to Exit US Shale Assets

BHP chief executive Andrew Mackenzie has said the Australian miner has judged that all its US shale interests are "non-core" and are to be "exited." However it won't be a fire-sale, he said in the company's results for the 12 months to June 2017.

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Qatargas, RasGas Conduct Split Delivery

Qatargas said August 20 that it and RasGas successfully completed their first co-loading of LNG for split delivery. "This innovative method of multi-port delivery of a single LNG cargo from two separate suppliers represents a new level of operational flexibility and supply chain efficiency in the LNG industry," said Qatargas.

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[Premium] Thierry Bros: Nord Stream and Uber – Cutting Cost of Transport (Comment)

This paper could be viewed by some as politically incorrect but I challenge anyone to view it as economically illiterate! In theory, regulators are there to protect consumers and to provide the industry with a level playing field.

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