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Iraq conflict sparks oil price rise

Oil prices have risen to a nine-month high amid concerns that developments in Iraq may affect global supplies. Brent crude futures rose 3% to $113.27 per barrel, while US crude gained more than 2% to $106.71, the highest reading for both since September. Insurgents have taken...

UK oil & gas industry mood positive yet cautious

The Q1 2014 Oil & Gas UK Business Sentiment Index reveals today, that while the industry’s optimism has continued to decline, it remains positive, at six points above zero on the -50 to +50 index. The index captures a snapshot of the industry mood and measures a number of...

Spanish firms wooed to take part in $800bn KSA projects

Crown Prince Salman, deputy premier and minister of defense, held talks here Sunday with King Juan Carlos of Spain on major regional and international issues and ways of strengthening bilateral relations. The meeting was attended by Deputy Crown Prince Muqrin, Interior Minister...

Big Oil Companies Struggle to Justify Soaring Project Costs

Chevron Corp. CVX +1.40% , Exxon Mobil Corp. XOM +0.76% and Royal Dutch ShellRDSB.LN +0.42% PLC spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon. But the three oil giants have little...

All airlines told to operate out of new Qatar airport starting May 27

Qatar’s new state-of-the-art Hamad International Airport (HIA) will open to all airlines, including the country’s national carrier, at the end of May, according to a circular issued by the country’s Civil Aviation Authority (QCAA). A Doha International Airport spokesperson...

Intel’s €3.6bn investment to give Irish plant ‘leading edge’

Intel has revealed that it invested €3.6bn ($5bn) in its Irish plant over the last three years – the largest industrial investment in the history of the State. The chip giant also said that it has invested €9.1bn ($12.5bn) in the facility over the last 25 years and that it now...
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