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Resource nationalism ups political risk premiums
LONDON (Reuters) - Political risk insurance premiums have risen across emerging markets in the last year, fuelled by rising resource nationalism and unrest linked to the financial crisis as well as a renewed concern over risk amongst investors. Full Article
Total, Statoil profits plummet
LONDON (Reuters) - France's Total and Norwegian rival Statoil have added to the downbeat tone from the oil industry, promising to tackle a tough environment with cost cuts as they announced big drops in third-quarter profit. Full Article
BP in Iraq's 1st big post-invasion oil deal
BAGHDAD (Reuters) - Oil major BP and China's CNPC on Tuesday signed Iraq's first major new oil deal since the 2003 U.S. invasion, snapping up a development contract for the Rumaila oilfield, one of the world's biggest. Full Article
FACTBOX - Iraqi oilfield deals in the pipeline
(Reuters) - British oil major BP Plc and China's CNPC have signed Iraq's first major new oil deal since the 2003 U.S. invasion for supergiant Rumaila, and Baghdad is close to finalising pacts on several other large oilfields. Full Article
BP in Iraq's 1st big post-invasion oil deal
BAGHDAD (Reuters) - Oil major BP Plc and China's CNPC on Tuesday signed Iraq's first major new oil deal since the 2003 U.S. invasion, snapping up a development contract for the Rumaila oilfield, one of the world's biggest. Full Article
FTSE closes up 1.2 percent
LONDON (Reuters) - Top shares closed 1.2 percent higher on Monday, as miners and oil firms rose, underpinned by firmer commodity prices on the back of bullish economic data, while RBS fell as the lender faces asset sales. Full Article | Video
Iraq cautions over BP, CNPC deal
BAGHDAD (Reuters) - The Iraqi parliament's oil and gas committee has expressed concern to British officials over what it called an "illegal" multibillion-dollar deal that BP Plc will sign with the Iraqi government on Tuesday, a lawmaker said. Full Article
BP Texas refinery hit with record fine
HOUSTON (Reuters) - U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion. Full Article
Oil companies give cool outlook
LONDON (Reuters) - Exxon Mobil Corp, Royal Dutch Shell Plc and Eni SpA dashed hopes for an imminent turnaround for the oil industry, saying sluggish economic recovery was weighing on energy demand and prices. Full Article
Iraq to sign deals with BP, Eni
BAGHDAD (Reuters) - Iraq's Oil Ministry said on Thursday it will sign a final deal on November 3 with BP and China's CNPC to develop its biggest oilfield, Rumaila, the nation's first major oil pact since the U.S. invasion in 2003. Full Article
