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Delegates to the 2013 Winter NAPE Expo visit the booth from Australia in the International Pavilion. (Brett Coomer / Houston Chronicle)

Former Petrohawk president takes shale expertise to Australia

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Australia has the world’s seventh-largest shale gas resources.
(Øyvind Hagen/Statoil ASA)

Statoil suspends two North Sea oil rigs

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Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity.
(AFP PHOTO / ALEXANDER KLEIN/Getty Images)

OPEC’s weak links feeling pain

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While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.
(AP Photo/Hussein Malla, File)

Libya’s biggest oilfield to resume output soon, official says

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Sharara was shut as a precaution after gunmen stormed the on-site production compound.
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

Enron castaway shrugs off low price to become ‘Apple of Oil’

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Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.
(AP Photo/Richard Drew, File)

Oil rises after inventory report

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Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.
(AP file photo/George Osodi)

Swiss prosecutors contact oil traders in Nigeria fuel scam probe

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Fraudulent payments related to subsidized fuel imports are estimated to cost the continent’s biggest economy as much as $7 billion a year.
Petroleo Brasileiro SA (Petrobras) natural gas storage tanks sit on an island in Guanabara Bay in the state of Rio de Janeiro, Brazil. (Dado Galdieri/Bloomberg)

Petrobras said to win support to raise gasoline prices

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Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (MLADEN  ANTONOV/AFP/Getty Images)

Saudis recall 1998 showdown in taking on U.S. shale rivals

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To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC oil basket price falls below $80 to least in 4 years

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U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month.