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Adnoc Announces Second Gas Discovery From Offshore Block 2 Exploration Concession In Abu Dhabi

July 29 (Reuters) - ABU DHABI NATIONAL OIL CO ADNOC.UL : * ADNOC ANNOUNCES SECOND GAS DISCOVERY FROM OFFSHORE BLOCK 2 EXPLORATION CONCESSION IN ABU DHABI * OPERATED BY ENI, DISCOVERY INDICATES A FURTHER 1 – 1.5 TSCF OF NATURAL GAS IN PLACE, FROM A DEEPER ZONE WHILE UNLOCKING A NEW RESERVOIR Further company coverage:
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Russia cuts gas flows further as Europe urges energy saving

By Christoph Steitz and Nina Chestney FRANKFURT/LONDON, July 27 (Reuters) - Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season. The cut in supplies, flagged by Gazprom GAZP.MM earlier this week, has reduced the capacity of Nord Stream 1 pipeline - the major delivery route to Europe for Russian gas - to a mere
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Oil settles higher on U.S. inventory drop, Russia gas cuts

* * Nord Stream gas pipeline cuts supply more * Fed to unveil another big rate hike * U.S. crude inventories fell 4.5 million barrels last week -EIA (New throughout, updates prices, market activity and comments) By Laura Sanicola July 27 (Reuters) - Oil settled up more than $2 on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S.
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Oil market reformer says Russian price cap would fail

* Montepeque helped design dominant oil pricing mechanism * Says Russia could stop selling oil, ask for higher bids * Says cap would lead to stampede for cheap crude By Dmitry Zhdannikov LONDON, July 18 (Reuters) - Market forces would quickly undermine any scheme to impose a price cap on Russian oil, one of the architects of benchmark global oil prices said, even if the United States and the European Union can convince top Asian importers to take part.
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Shell joins Qatar's LNG expansion mega-project

By Andrew Mills DOHA, July 5 (Reuters) - QatarEnergy on Tuesday signed a deal with Shell SHEL.L for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies TOTF.PA , Exxon XOMN.N , ConocoPhillips COP.N and Eni ENI.MI . Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy CEO Saad al-Kaabi told a news conference.
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