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Power & Energy Commodity News

Buyout groups invest in UK North Sea oil

Source: Financial Times, 31st August 2014

Cash infusion of $500m to UK-focused oil group Siccar Point Energy highlights the continuing international appeal of Britain’s offshore oilfields

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NADL chief wants more work with Rosneft

Source: Financial Times, 31st August 2014

Drilling company is selling 30 per cent of itself and providing six offshore rigs to drill for oil in deals signed just ahead of sanctions deadline

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Scotland’s oil reserves still unclear

Source: Financial Times, 31st August 2014

With both sides emphasising the predictions likely to boost their cause, uncertainty over oil and gas prices is adding a further layer of complexity

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Russia-Ukraine tension sends crude higher

Source: Financial Times, 29th August 2014

Around a third of Europe’s oil, coal and natural gas demands are met by Russia, which relies on revenues from the continent to fill government coffers

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Gulf Keystone set to return staff to Iraq

Source: Financial Times, 28th August 2014

Oil group says Iraq crisis has had little impact on increasing output from its flagship Shaikan field, now averaging more than 20,000 barrels a day

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PetroChina behind in China’s shale race

Source: Financial Times, 28th August 2014

PetroChina is planning to produce 2.6bcm of shale gas next year, up from 100m cubic metres this year and above its official 2015 target of 1.5bcm

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Cobalt and two Angola oil partners split

Source: Financial Times, 28th August 2014

Local partners transfer share of offshore project to African country’s state-owned oil company following doubts over officials’ stakes

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Two more Afren executives suspended

Source: Financial Times, 28th August 2014

Nigeria-focused oil explorer announces suspension of two associate directors as part of a payments probe, causing its shares to fall by a tenth

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Shell nears sale of Nigeria oilfields

Source: Financial Times, 27th August 2014

$5bn price tag for four Nigerian oilfields owned by a Shell-led consortium has doubled since the end of last year as majors retreat from the country

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Shell to sell Nigeria oilfields for $5bn

Source: Financial Times, 27th August 2014

The price tag for four Nigerian oilfields owned by a Shell-led consortium has doubled since the end of last year as majors retreat from the country

Read the full article on FT.com