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China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Total to Start Talks to Extend Drilling Contract in Indonesia
Total SA plans to start talks with Indonesia next year to extend a drilling license that contributes 8 percent of the company’s output, before investing $8 billion to tap remaining reserves in the Mahakam Delta.
Europe’s third-largest oil company needs a guarantee within four years that exports of liquefied natural gas from Borneo will continue after [...]
