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      Brent crude increases towards $80 ahead of OPEC meeting

      America
      Brent crude increased to $80 a barrel today as struggling oil prices try to cope with ample supply concerns ahead of the Organization of...

      Xcite Energy signs MOU with China Oilfield Services for Bentley field, UK North Sea

      Asia Pacific
      Xcite Energy has signed a memorandum of understanding (MOU) with China Oilfield Services (COSL) to purchase a harsh environment jack-up drilling rig for the...

      Oil falls to near $78 on Japan recession news

      Asia Pacific
      The price of Brent crude oil dropped by more than $1 to near $78 a barrel on Monday, following news that Japan is now...

      GE opens $500m R&D centre in Brazil for subsea oil and gas research

      America
      General Electric (GE) has opened its new $500m global research and development (R&D) centre in Brazil, which will focus on subsea oil and gas...

      GE to supply turbomachinery for Petronas’ second floating LNG facility

      Asia Pacific
      GE Oil & Gas has secured a contract to supply its gas turbine-driven compressor train and mechanical drive technology to Malaysia's Petronas.   The...

      Iran re-examines potential of Sepand gas field

      Exploration Development
      Exploratory drilling has started at the Sepand gas field, 250 km (155 mi) from Kish Island in the Persian Gulf.   NIOC Persian Gulf...

      Oil falls below $70 as Saudi Arabia cuts crude price to US and Asia

      Middle East & South Asia
      The price of Brent crude oil fell below $70 a barrel today following Saudi Arabia's decision to cut its monthly prices for crude sold...

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      US Polyethylene Export Market Report 2017-2020

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      Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 a large 60+ page report detailing the fast-changing US...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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      Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

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