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Total CEO urges refiners to slash capacity Total is planning to cut 20% of its refining capacity in 2016.

Total CEO urges refiners to slash capacity

Despite a good year for margins, growing overcapacity is threatening profits

 •   Total signs MoU with American University Sharjah
 •   France's Total signs MoU with Iran to buy crude
 •   Total going strong in Qatar, eyeing Iran expansion


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UAE to store oil in India; offer over 60% for free

UAE to store oil in India; offer over 60% for free

ADNOC has decided to use half of Mangalore's 1.5mn tonne facility, which would make up 6mn barrels of oil
 
China said to pitch HK listing, funds for Aramco

China said to pitch HK listing, funds for Aramco

Winning the listing for Aramco would be a boost for Hong Kong's increasingly popular stock exchange, which traded about $34bn in IPOs last year
 
India seeks UAE investment in oil and gas sector

India seeks UAE investment in oil and gas sector

Oil Minister Dharmendra Pradhan told the visiting UAE Energy Minister Suhail Mohammed Al Mazrouei that Indian companies are interested in acquiring a stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO)
 
Energy high on Sheikh Mohammed's India agenda

Energy high on Sheikh Mohammed's India agenda

A number of new agreements are likely to be signed, including in oil and gas and renewable energy, as part of the Abu Dhabi Crown Prince's visit to India
 

 

Essar Oil adds twist; says talks with Rosneft on

Essar Oil adds twist; says talks with Rosneft on

India's Essar Group, which owns Essar Oil, declined to comment of media reports of a likely stake sale to Saudi Aramco
 
Schlumberger-Cameron merger gets EU approval

Schlumberger-Cameron merger gets EU approval

The European Commission has cleared their proposed merger without any conditions following a Phase 1 review
 
Saudi Aramco may buy India's $5.5bn Essar Oil

Saudi Aramco may buy India's $5.5bn Essar Oil

Aramco and Essar are believed to have commenced talks last month about the former purchasing a stock in Essar Oil's downstream assets
 
Conservatives protest in Iran over new IPCs

Conservatives protest in Iran over new IPCs

Hardliners last week protested outside Iran's Oil Ministry, saying the terms of the new Iranian Petroleum Contracts (IPCs) gives too much to IOCs
 
BP reports biggest ever annual loss of $6.5bn

BP reports biggest ever annual loss of $6.5bn

The British oil and gas giant has said it would cut 7,000 jobs by the end of 2017, or nearly 9% of its workforce
 
US O&G major Chevron reports $588mn Q4 2015 loss

US O&G major Chevron reports $588mn Q4 2015 loss

At year end, balances of cash, cash equivalents, time deposits and marketable securities totalled $11.3bn, a decrease of $1.9bn from the end of 2014
 
Italy's Saipem inks Iranian oil and gas deal

Italy's Saipem inks Iranian oil and gas deal

MoU signed in the presence of Iranian President Hassan Rouhani and Italian Prime Minister Matteo Renzi in Rome last week
 
France's Total signs MoU with Iran to buy crude

France's Total signs MoU with Iran to buy crude

'Following the MOU, NIOC will provide the technical data on some gas and oil projects, so that Total can assess potential developments in Iran': Total
 
Shell wins shareholder nod to purchase BG Group

Shell wins shareholder nod to purchase BG Group

More than 80% of Shell's shareholders voted in favour of the transaction, the company has said in a regulatory statement
 
Iran cancels oil conference in London over visas

Iran cancels oil conference in London over visas

Foreign companies will now be invited in May to bid for the new Iran Petroleum Contracts (IPCs)
 
Pipeline conference announced for April

Pipeline conference announced for April

International conference programme announced for premier Bahrain pipeline event
 




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