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Fresh round of bonds for OGX

Brazilian oil and gas firm OGX said it has sold $1.063 billion in 10-year bonds, wrapping up its funding needs until it starts producing its own free cash flow.  More »

Brent slips below $125

Brent crude fell for a second session on Wednesday, breaching $125, on the possibility of a release of strategic oil reserves by the US even after crude stockpiles in the world’s largest oil user rose more than expected last week.  More »

Brent dips on potential reserve release

Brent crude prices dipped on Tuesday in tug-of-war trading as market players factored concerns over global supply against the likelihood of a release of US strategic oil reserves to cap rising fuel costs.  More »

Brent steady on Bernanke comments

Brent held steady above $125 on Tuesday as comments from the US Federal Reserve indicating easy monetary policy would remain in place for some time raised investors’ appetite for riskier assets.  More »

BP spuds North Uist deep-water probe

BP has spudded the North Uist deep-water well in the West of Shetlands area offshore UK.  More »

Total evacuates remaining Elgin workers

Total said it had evacuated all personnel from the Elgin processing, utilities and quarters (PUQ) platform following a well control incident at its Elgin-Franklin development in the North Sea.  More »

Brent dips below $125

Brent crude edged below $125 on Monday as a possible resumption in crude production from South Sudan offset supply worries on news of a sizeable drop in Iranian oil exports due to Western sanctions.  More »

Oil rises on drop in Iranian crude exports

Oil prices rallied on Friday on news that Iranian oil exports have fallen significantly this month as tightening Western sanctions have caused some buyers to stop or scale back purchases.  More »

Oil prices rise sharply over Iran export drop

Oil prices rallied sharply on news that Iranian oil exports have fallen significantly this month as tightening Western sanctions cause some buyers to stop or scale back purchases.  More »

Oil steady on US job data

Crude futures were steady above $105 a barrel on Friday, rebounding from sharp falls in the previous session, as better-than-expected jobs data offset fears that weak manufacturing data from China and Europe would hit oil demand.  More »

Stena confirms Shell Drillmax Ice deal

Stena Drilling has confirmed a five-year charter for its ice-classed drillship newbuild with Shell but has remained mum on the contract value.  More »

Crude falls on China demand fears

Brent crude dropped below $124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns that energy demand growth could slow at the world’s second-largest oil consumer.  More »