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Shell agrees to sell its downstream assets in Chile

The energy giant Royal Dutch Shell PLC announced on Friday that it has agreed to sell the majority of its downstream business to the Chile’s largest business conglomerate Quinenco, for a total amount of $614 million.

read more... 04/04/2011

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BP will restart drilling in the Gulf of Mexico

BP asked U.S. regulators to give the company permission to resume drilling in the Gulf of Mexico, as early as July, less than 15 months after an accident that killed 11 workers and led to the release of more than 4.9 million barrels of oil from BP's well into the Gulf of Mexico.

read more... 04/04/2011

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Daily energy Overview, Friday, April, 01, 2011

Crude oil prices continued to increase on Thursday, with U.S. crude and Brent having registered their highest settlements since September 2008 and August 2008 respectively at end-of-quarter on renewed concerns about the unstable situation in Libya and Middle East countries that kept uncertainty in oil supplies.

read more... 01/04/2011

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U.S. geothermal energy spreads to six more states in USA

According to a recently released report by Geothermal Energy Association (GEA), geothermal energy will spread from nine to fifteen states, from Western to Eastern part of America due to healthy investments and rapid technological evolution.

read more... 01/04/2011

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Cnooc and Total sign Agreements to buy stakes in Tullow’s Ugandan assets

Anglo-Irish energy firm Tullow Oil declared on Wednesday that it has agreed to sell part of its Uganda assets to France's Total and China's CNOOC for an amount of USD 2.9 billion.

read more... 01/04/2011

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