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Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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The Azul-1 well, the first to penetrate pre-salt objectives in Angolan deepwater, was drilled in water depths of 923 meters (3,028 feet) and reached a final depth of 5,334 meters (17,500 feet). The result may be a further step towards our goal of building up a significant business in Angola.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. by Dalan McEndree for Oilprice.com.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas.

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