Pakistan Investigating Shell Contractor’s Tanker Blast That Killed 209

By Saad Sayeed ISLAMABAD, July 4 – Pakistan’s oil and gas regulator expects the first report this week in an investigation into a tanker explosion involving a Shell Pakistan contractor that killed 209 people, a spokesman for the regulatory authority said on Tuesday. The June 25 explosion took place after the oil tanker went off

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Iraq, Oil Companies Agree to Restart Investment, Boost Output

By Ahmed Rasheed and Aref Mohammed BAGHDAD/BASRA – Aug 11 – Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said. The agreements, reached in

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As Big Oil Shrinks, Boards Plot Different Paths Out of Crisis

By Ron Bousso and Terry Wade LONDON/HOUSTON, Feb 7 – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a

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