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Exxon Bulks Up On Natural-gas Assets

Exxon Bulks Up On Natural-gas Assets

Exxon Mobil Corp. continued a year-long buying spree for U.S. natural-gas assets, paying $575 million for wells and reserves in Arkansas.

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

The Organization of Petroleum Exporting Countries isn't worried about oil prices rising above $90 a barrel as they are largely driven by seasonal forces, Qatar Oil Minister Abdullah bin Hamad Al Attiyah said Friday.

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Montenegro newspapers report that Austria's "Por" and "Bemax" from Podgorica, and cooperate on the first export deal Montenegrin builders (since the 1990s. In) to build two hydroelectric power plants on Drim in Albania. Regional Director of the Austrian company "Por" for Southeast Europe Raičković Budimir said the victory that they were satisfied with what "Bemax shows.

DryShips Announces Entry Into the Tanker Segment

DryShips Announces Entry Into the Tanker Segment

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of about $770 million, including over $3 million per vessel in extra items.

Cnooc, Sinopec Seek HK Bank Loans To Fund Acquisitions

Cnooc, Sinopec Seek HK Bank Loans To Fund Acquisitions

Two Chinese oil giants Cnooc Ltd. (CEO) and China Petrochemical Corp., known as Sinopec Group, are seeking bank loans of around US$4.5 billion from the Hong Kong market to fund their announced overseas acquisitions, turning to the offshore loan market amid tightening liquidity at home, people familiar with the situation said Thursday.

Turkey, Iran, Azerbaijan Seek Closer Ties

Turkey, Iran, Azerbaijan Seek Closer Ties

Turkey, Iran and Azerbaijan pledged closer co-operation Thursday in efforts to resolve regional conflicts and combat terrorism and organized crime, a joint statement said.

Serbias Nuclear Waste Shipped To Russia: IAEA

Serbia's Nuclear Waste Shipped To Russia: IAEA

The United Nations atomic watchdog Thursday said it co-ordinated the repatriation to Russia of 2.5 metric tons of nuclear waste from a reactor in Serbia that was once considered one of the world's most dangerous.