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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Alliance Oil will hold a 51% stake in the joint venture and contribute producing assets in Volga-Urals Region while Repsol will own the remaining 49% and make an initial cash investment to finance future growth opportunities. Repsol also owns a 74.9%

Russia 210
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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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Often these megaprojects projects were only the purview of the largest oil companies, as smaller players did not have the resources—financial or technological—to make them work. Maintaining access to finance can come at a price. The narrower focus on smaller projects, especially shale, could mean the end of the megaproject.

Oil 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency. Biofuels supply triples to the equivalent of more than 4 mb/d, bolstered by $1.4

Oil 247