M&A activity in the Oilfield Services industry expected to increase over next … – Sacramento Bee


inAudit
M&A activity in the Oilfield Services industry expected to increase over next
Sacramento Bee
29, 2012 — /PRNewswire/ — A newly released report, Ernst & Young Dynamic Dealmaking in Oilfield Services, by Ernst & Young and mergermarket indicates that the vast majority of the survey respondents (84%) are expecting an increase in M&A and none
Oilfield services M&A will grow in next 2 yearsGas Business Briefing
M&A activity in Oilfield Services industry expected to increase over next 12 inAudit
Majority of Respondents Expect Increase in M+A Activity in Oilfield ServicesAzomining
NGI’s Shale Daily (subscription)
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Exxon, Shell Said Seeking Control of $46 Billion Kashagan Field – Bloomberg

Exxon, Shell Said Seeking Control of $46 Billion Kashagan Field
Bloomberg
(XOM) and Royal Dutch Shell Plc (RDSA) are seeking bigger stakes and operating control in the Kashagan oil field before starting to expand the $46 billion project, according to two people with knowledge of the matter. Exxon and Shell have warned they
Will Exxon Mobil and Shell Back Out of One of the World's Biggest Oil Fields?Minyanville.com

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Oil firms fight over stakes in giant offshore Norway field – Reuters


Rigzone
Oil firms fight over stakes in giant offshore Norway field
Reuters
The field – one of the world's biggest oil discoveries last year – is estimated to hold 1.7-3.3 billion barrels of oil. More analysis and the drilling of appraisal wells are needed before the size and distribution between licence holders can be set
Statoil Targets 60% Average Oil Recovery RateRigzone
Statoil Aims for 60% Oil Recovery Rate Offshore NorwayFox Business
Statoil finds new large North Sea fieldFinancial Times
Reuters UK –Seeking Alpha
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UK’s Petrofac says wins Mexico Pemex offshore Arenque contract – Reuters


FuelFix (blog)
UK's Petrofac says wins Mexico Pemex offshore Arenque contract
Reuters
MEXICO CITY Aug 30 (Reuters) – British oil services firm Petrofac said Mexican state oil monopoly Pemex has awarded it a 30-year service contract for the offshore Arenque oil field. A Pemex spokesman declined to confirm the deal on Thursday. Arenque
Mexicans report big discovery in deep-water Gulf oil fieldTulsa World
Reforming Mexico oil law difficultFuelFix (blog)
Mexico Unveils Major Deep-water Oil FindingHispanicBusiness.com
Energy Business Review
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North Sea’s largest oil field secured for further 20 years of production – stv.tv

North Sea's largest oil field secured for further 20 years of production
stv.tv
A major milestone in the redevelopment of the North Sea's largest oil field has been reached, as fresh life is breathed into the Forties. A new platform is being constructed to prepare for another 20 years of operation. Production from the field was
Any Future for North Sea Oil & Gas?MarineLink

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exploiting oil potential: while baghdad fights kurdish, iran wins – niqash


ETF Daily News
exploiting oil potential: while baghdad fights kurdish, iran wins
niqash
The Naft Khana oil fields in the state of Diyala – the first oil fields to be discovered in Iraq, in the early 20th century – are not producing as much as they could and according to some experts, Iraq's neighbours over the border are pumping them dry
You Need To Ignore The Doom-and-Gloom Crowd When They Talk About $40 ETF Daily News (blog)

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Oil price falls as industry assesses storm impact and traders await hint of … – Washington Post


CBS News
Oil price falls as industry assesses storm impact and traders await hint of
Washington Post
By Associated Press, AP. The price of oil fell Thursday as producers assessed the impact of Hurricane Isaac and traders waited to see if the Federal Reserve would act to boost the economy. Benchmark oil fell 87 cents to finish trading at $94.62 in New
Oil price falls as crude supply risesHuffington Post
Oil Drops as Gulf Output to Resumes After IsaacBloomberg
Oil Prices Hold Steady As Hurricane Isaac Nears GulfInvestor’s Business Daily

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Oil Chiefs Hope For High Prices Despite Shale ‘Revolution’ – Wall Street Journal


Wall Street Journal
Oil Chiefs Hope For High Prices Despite Shale 'Revolution'
Wall Street Journal
"Without it, we would have had a much higher oil price for the last few years, which would have choked the world economy and set back the development in many parts of the world by several years." But some fear the U.S. shale boom could lead to lower
Economist James Hamilton on the Real Causes of High Oil PricesEconomic Populist
Iran and Syrian Conflict Contribute to Oil Price Energy CrisisValueWalk
Q&A: The Real Reason Behind Oil Price IncreasesCNBC.com
FuelFix (blog)
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Alberta Says Budget Deficit to Widen on Lower Oil Price – Businessweek


Globe and Mail
Alberta Says Budget Deficit to Widen on Lower Oil Price
Businessweek
Alberta will record a wider budget deficit in the fiscal year that began April 1 because of declining revenue from oil, Finance Minister Doug Horner said. The deficit will widen to a range between C$2.3 billion ($2.32 billion) and C$3 billion, up from
Alberta warns deficit could be higher than budgetedMSN Money

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US crude oil supplies grow by 3.8 million barrels – The Seattle Times


The Nation
US crude oil supplies grow by 3.8 million barrels
The Seattle Times
U.S. refineries ran at 91.2 percent of total capacity on average, unchanged from the prior week. Analysts expected capacity to fall to 90.95 percent. Supplies of distillate fuel, which include diesel and heating oil, grew by 900,000 barrels to 126.1
Oil slips as Isaac spares production, world stocks slipIBNLive.com
Hurricane Isaac may stir up oil from BP ecocideCurrent TV
Oil prices slip amid calls for increased outputAustin American-Statesman
Washington Post
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M&A activity in the Oilfield Services industry expected to increase over next … – RedOrbit


Upstream Online
M&A activity in the Oilfield Services industry expected to increase over next
RedOrbit
29, 2012 /PRNewswire/ — A newly released report, Ernst & Young Dynamic Dealmaking in Oilfield Services, by Ernst & Young and mergermarket indicates that the vast majority of the survey respondents (84%) are expecting an increase in M&A and none
Oilfield service bosses 'eyeing M&A'Upstream Online

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Lower oil price weakens Russia shares despite positive Sberbank – Reuters

Lower oil price weakens Russia shares despite positive Sberbank
Reuters
Stock indexes give up early gains as oil price edges down * Sberbank outperforms on results, privatisation hopes * Lower oil price, debt repayments, taking toll on rouble By Jason Bush MOSCOW, Aug 29 (Reuters) – Weaker oil prices dragged Russia's stock
Oil slide weakens Russia shares despite positive SberbankReuters Africa

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Oil Prices Rise Amid Calls for Increased Output – ABC News


Globe and Mail
Oil Prices Rise Amid Calls for Increased Output
ABC News
Crude prices fell Wednesday after finance ministers from the world's leading industrialized economies called on oil producers to increase output and said they stood ready to ask the International Energy Agency to release strategic reserves. Benchmark
Why US Elections Are Setting Oil PricesForbes
G-7 Countries Call for Increased Oil Output to Meet DemandBusinessweek

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Bird River Resources Reports Double Success of Two New Wells and … – Einnews Portugal

Bird River Resources Reports Double Success of Two New Wells and
Einnews Portugal
Bird River Resources is also pleased to announce that it has acquired a 100% interest in a new oil lease located at the east half section of 2-3-26 in south western Manitoba. About Bird River Resources Inc. BDR is a Winnipeg, Manitoba based resource
Bird River Resources reports drilling success in two Manitoba wellsEnergy Business Review
Bird River Resources reports double success of two new wells and acquisition OilVoice (press release)

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Michael Williams, Ex-Texas Railroad Commission Chair, Named New Head Of … – Huffington Post


Austin American-Statesman
Michael Williams, Ex-Texas Railroad Commission Chair, Named New Head Of
Huffington Post
In 1998, Williams was appointed to the Railroad Commission, which oversees the state's oil and natural gas industry, by then-Gov. George W. Bush, but resigned in 2011 to seek the GOP's U.S. Senate nomination. Williams later decided to run for the 25th
Perry picks ex-railroad commissioner Williams to be Texas education chiefAustin American-Statesman
Former railroad commissioner chosen to lead Texas Education AgencyPegasus News
Perry appoints Michael Williams new head of Texas Education AgencyFort Worth Star Telegram
The River Cities Sunday Tribune –Dallas Morning News (subscription)
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