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03.10.2013 Lukoil Helps Russian Oil Output Match Post-Soviet High

A recovery in Lukoil's crude production nudged up oil output in Russia, the world's largest producer, to 10.53 million barrels per day (bpd) in September to match the post-Soviet record high, Reuters reported on October 2, citing Energy Ministry data.

03.10.2013 Brent Slips Below $109 as US Shutdown Drags on, Stocks Build

Reuters has reported that Brent futures slipped below $109 a barrel on Thursday, after posting their biggest gain in two weeks in the previous session, on worries a prolonged U.S. government shutdown would hurt demand in the world's biggest oil consumer.

03.10.2013 Russia's Lukoil Seeks Exit from Venezuelan Oil Project

Lukoil, Russia's second-biggest oil producer, wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Reuters reported on October 2, citing Lukoil's head.

02.10.2013 Max Petroleum Strikes Oil At Kazkhstan's Sagiz West Field

Max Petroleum's SAGW-6 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre interval at depths ranging from 1,194 to 1,287 metres, the company reported in a news

01.10.2013 Siemens Gas Turbine Demonstrates 25 Ppm NOx Emissions On Oil

The Siemens gas turbine SGT6-5000F sets a new benchmark in the industry by demonstrating 25 ppm NOx emissions on fuel oil. The current industry standard is 42 ppm for other OEM F-Class gas turbines.

30.09.2013 China Likely To Cut Refined Oil Prices: Analysts

Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices.

30.09.2013 Petrobras, IBV Brazil Oil Find ‘Beautiful’, Says CEO

Brazil’s state-led oil company, Petroleo Brasileiro, and its Indian partners have made a “beautiful” oil discovery off Brazil’s northeast coast and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company’s chief executive officer has sa

30.09.2013 Oil Producers Slow Spending In North America

Despite rising production and commodity prices, investing at North American oil fields has turned sluggish.

29.09.2013 September 2013

27.09.2013 China's CNOOC Wins $2Bn Uganda Oil Field Contract

China's state-owned oil firm China National Offshore Oil Corporation (CNOOC) has won a $2bn (£1.3bn) deal to develop an oil field in Uganda oil.

The Kingfisher field is estimated to hold 635 million barrels of oil, of which 196 million are recoverable.