Equipment Makers Profiting More From Oil Prices Than Producers
Summary from multiple countries, from articles in English
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Exxon, the world's largest oil company; Chevron, the second-biggest in the United States; and the rest of the industry are struggling to increase production and profits because the most promising new fields are miles beneath the ocean. (article 1)
In a rushed display of Whitehall policymaking on the hoof, the Government tinkered with North Sea taxes yesterday and announced two small oilfield developments ndash a drop to fill the ocean that is Britain&rsquos daily consumption of crude oil. (article 4)
The changes to North Sea oil taxation were announced as the Prime Minister and the Chancellor of the Exchequer turned up at short notice in Aberdeen to attend a scheduled board meeting of Oil & Gas UK, an oil industry association. (article 4)
As Gordon Brown and Alistair Darling listened to the concerns of oil executives about taxes, high costs and regulation, the Department of Business hailed the Government&rsquos plans for ldquoincreased North Sea oil production&rdquo. (article 4)
In addition, the changes to the PRT regime would enable the investment that could add 20,000 barrels per day, the department said. (article 4)
Mr Paulson is expected to tell Saudi Arabia, Qatar and the United Arab Emirates that the US welcomes investment from Middle Eastern sovereign wealth funds and other entities awash with oil revenues. (article 3)
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Story keywords
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Oil, prices, crude, energy, dollar |
Source articles
- Equipment Makers Profiting More From Oil Prices Than Producers (Washington Post, 05/30/2008, 619 words)
- MONTANA GOVERNOR IS SITTING ON AN OIL MINE (NY Post, 05/30/2008, 604 words)
- US to woo Gulf investors (ft.com, 05/29/2008, 488 words)
- North Sea oil tax relaxed to boost output (business.timesonline.co.uk, 05/29/2008, 540 words)
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