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Shell reduces holding in Woodside Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.

17 June 2014

Pentagon temporarily grounds F-35 fighter jets The US military temporarily grounded its entire F-35 Joint Strike Fighter jet fleet at the weekend after an apparent engine oil leak, the latest glitch for the much-vaunted program.

16 June 2014

John D. Rockefeller great-grandson dies in plane crash Richard Rockefeller, great-grandson of US oil tycoon and philanthropist John D. Rockefeller, died Friday in a plane crash in New York. He was 65.

14 June 2014

Russian oil to reach China via Kazakhstan The Lower House of the Kazakh Parliament (Majilis) has adopted a draft law to ratify the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.

11 June 2014

Exxon may take over as Kashagan operator Exxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.

07 June 2014

Two hurt in Shell plant blaze in the Netherlands A massive explosion at a Shell oil plant in the Netherlands followed by a fire left two people injured Wednesday, authorities said.

04 June 2014

El Salvador joins cut-rate oil grouping El Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.

03 June 2014

Pirates free Indonesia-bound Thai tanker after cargo theft Pirates have released an Indonesian-bound Thai tanker after stealing its oil cargo, in the latest attack in Southeast Asian waters, the International Maritime Bureau said.

02 June 2014

Venezuela to repay $2 bn of debt to local importers Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.

31 May 2014

Norway removes Greenpeace ship from contested Arctic drill site Norwegian coastguards on Friday removed a Greenpeace ship from a controversial Arctic drilling site where it was trying to prevent oil explorations, the environmentalist group said.

31 May 2014

Spain okays Repsol plan for Canary Islands exploration The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

30 May 2014

Shuvalov outlines Eurasian Economic Union timeframe and benefits Prominent Russian politician Igor Shuvalov talked about benefits of the Eurasian Economic Union in Kazakhstan's Astana.

30 May 2014

Oil tanker listing off Japan after huge explosion A 998-tonne oil tanker was listing off the Japanese coast Thursday after a large explosion and subsequent fire that sent towering columns of acrid smoke into the sky.

29 May 2014

New operator for Kashagan to be launched by September 2014 The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.

27 May 2014

Kazakhstan to value national parks over mineral resources: Baigarin Kazakhstan National Geographic Association urges to protect 30% of Kazakhstani land from economic activity.

26 May 2014

Vice Minister of Oil and Gas on Kashagan According to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.

22 May 2014

Kazakhstan’s oil service market to accommodate $200 billion investments in the following 13 years At least 50 000 jobs will be created to accommodate Kazakhstan’s workforce: Yerlan Muratov, Vice Chairman of the Board at Kazakhstan Engineering National Company.

22 May 2014

Shymkent Oil Refinery modernization to involve 890 foreigners 890 foreign experts will be involved in reconstruction and modernization of the Shymkent Oil Refinery in southern Kazakhstan.

22 May 2014

Philippine, Vietnamese join anti-China street protest Several hundred Filipino and Vietnamese protesters united in a march in the Philippine capital on Friday, demanding that China stop oil drilling in disputed South China Sea waters.

17 May 2014

KazMunaiGas discovers new oil KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.

16 May 2014

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