Statoil ASA
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Oil prices rose after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long U.S. holiday weekend.
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*Iraq says will bolster crude output. NEW YORK, June 18- Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on O/RWednesday that is expected to show whether it will reduce its monetary stimulus.
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*Market keeps an eye on standoff in Syria, fears growing conflict. NEW YORK, June 18- Oil prices were moderately higher on Tuesday after paring earlier gains made on positive U.S. economic data. Global financial markets have been on edge since Fed Chairman Ben Bernanke suggested the central bank would be looking to pull back its stimulus program.
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*BP controlling wells at Valhall offshore field from land. *Norway is testing ground for new method. Unions say the move endangers safety, a top focus of regulators and the industry since BP's Macondo accident in the Gulf of Mexico in 2010, which killed 11 people and resulted in a massive oil spill.
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*NYMEX crude futures for July delivery had added 21 cents to $97.98 a barrel by 0030 GMT. *Production at Norway's Oseberg field and several adjunct fields in the North Sea was shut early on Monday and it was unclear when it would restart, its operator Statoil said on Monday.
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NEW YORK, June 17- Brent crude oil futures touched a 10- week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. Brent's premium over U.S. crude ended at $7.70, on the narrow end of the $7.50 to $10 range in which it has traded since early May.
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SEOUL, June 12- Samsung Heavy Industries Co Ltd said on Wednesday it had won a 1.46 trillion won order to build two large-scale jack-up rigs for Norway's Statoil ASA. The South Korean shipbuilder said in a statement the rigs were expected to be put to use in the North Sea off the coast of Norway. The contract is expected to be completed in October 2016.
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LONDON, June 6- Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies, industry sources say, as they could impose huge liabilities on oil publishers and participants.
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LONDON, June 6- Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies, industry sources say, as they could impose huge liabilities on oil publishers and participants.
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LONDON, June 6- Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies, industry sources say, as they could impose huge liabilities on oil publishers and participants.
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LONDON, June 6- Britain's energy watchdog Ofgem on Thursday launched a review of how price reporting agencies set wholesale gas and electricity prices, while separately investigating allegations of market rigging and beefing up its enforcement role.
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LONDON, June 6- Britain's energy watchdog Ofgem has broadened its investigation of gas and power price manipulation, following allegations made by a whistleblower last year, including the role played by price reporting agencies, it said on Thursday.
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*Statoil move deals blow to Labour-led government. OSLO, June 5- Statoil delayed a $15.5 billion Arctic oil project on Wednesday due to a planned tax increase, dealing a blow to the Norwegian government's hopes of creating a new oil region in the far north.
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MOSCOW, June 3- Russia's Gazprom said on Monday it cancelled take-or-pay requirements for domestic consumers in a concession to major industrial clients who have been switching to lower-cost supplies from independent producers such as Novatek.
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China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq's largest oil fields.
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The turning point likely came on New Year's eve, when Royal Dutch Shell's drillship ran aground in rough waters off Alaska, setting off a public relations storm that inflicted much pain on the firm, made more acute by how little it had to show for the $4.5 billion it has spent on the Arctic since 2005..
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The turning point likely came on New Year's eve, when Royal Dutch Shell's drillship ran aground in rough waters off Alaska, setting off a public relations storm that inflicted much pain on the firm, made more acute by how little it had to show for the $4.5 billion it has spent on the Arctic since 2005..
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*Cuba seeking to end dependence on Venezuelan oil. HAVANA, May 29- Russian state-owned oil company Zarubezhneft said this week it was giving up for now on a problem-plagued exploration well off Cuba's north-central coast, which brings to an end the communist-led island's only active project in its search for offshore oil fields.
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VIENNA/ BRUSSELS, May 28- Europe's grand plan for a gas pipeline from the Caspian Sea that would make its eastern states less reliant on Russia may have been fatally undermined by Russia's even bigger project.
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PERTH, May 24- U.S. crude futures dropped to around $94 a barrel on Friday after disappointing China data and on lingering concerns the U.S. July oil futures contract had fallen 9 cents to $94.16 a barrel by 0038 GMT.
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*BP, Shell, Statoil in EU oil price probe. NEW YORK/ CHICAGO May 23- A Chicago- based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week.
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