China’s biggest O&G producer preparing to spin-off pipelines

March 24, 2017 0

PetroChina’s natural gas and crude oil transportation system, stretching from the country’s remote borders with Central Asia to major coastal cities, could be worth at least $85 billion via a spinoff, analysts at Sanford C. Bernstein and Jefferies Group, told Bloomberg.

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Way cleared for $10 billion petchem plant

March 24, 2017 0

A $10 billion petrochemical complex north of Corpus Christi, Texas, can move forward after a local school board unanimously approved millions of dollars in tax breaks sought by developers.

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ExxonMobil slashes proved reserves

February 24, 2017 0

ExxonMobil said Wednesday it had slashed its reserves by the largest amount since Exxon and Mobil merged nearly 20 years ago, as prolonged low prices for oil and natural gas erased the value of some North American assets.

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