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The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache Corp. is exiting Australia with a $2.1 billion asset sale

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The assets produced the equivalent of about 49,000 barrels of oil a day in March.
BG Group CEO Helge Lund (Andrey Rudakov/Bloomberg)

The CEO of BG just arrived in February, and could walk with $43 million

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Lund, who joined BG on Feb. 9 after heading Norway’s Statoil ASA, is entitled to liquidated damages equal to a year’s gross salary and 30 percent of base pay, the Reading, England-based company’s annual report showed.
(Kristian Helgesen/Bloomberg)

Shell’s BG deal adds to North Sea job concern after oil collapse

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Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts.
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (AFP PHOTO)

Saudi Arabia sees crude price rising as it boosts oil production

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OPEC kept output targets steady at its meeting in November, focusing on maintaining market share rather than supporting prices. The group meets next in June.
(AFP/Getty Images)

Buying BG will ease Shell’s struggles with scandle-plagued Petrobras

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With Petrobras engulfed in Brazil’s largest ever corruption scandal, BG and other partners are struggling to communicate with the state-controlled producer’s management to address delays to development plans.
(Photographer: Andrey Rudakov/Bloomberg)

Royal Dutch Shell in talks to acquire BG Group

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Buying BG would be Shell’s largest acquisition since the $60.3 billion merger of its Dutch and U.K. parent companies in 2005.
Fighters from the Fajr Libya (Libya Dawn), an alliance of Islamist-backed militias, man a checkpoint in al-Aziziyah, located some 40 kilometres south of the Libyan capital Tripoli, on March 25, 2015. (Mahmud Turkia/AFP/Getty Images)

The fight over oil money in a split Libya is complicating the country’s efforts to boost exports

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Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.
(Johnny Hanson/Houston Chronicle)

Cheap oil is squeezing property owners in energy hubs

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The 50 percent plunge in crude values since June is already dragging down property prices in Texas.
(AP Photo/Hussein Malla, File)

Libya’s biggest oil port may reopen as groups vie for buyers

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Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.
Categories: General
(Daniel Acker/Bloomberg)

Record gasoline output to curb biggest U.S. oil glut in 85 years

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Refiners are enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season.