Middle East energy demand growth to continue


ExxonMobil presented the latest edition of the company's Outlook for Energy: A View to 2030 at a roundtable in Dubai outlining the increasing global and regional energy demand.

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Iran oil and gas reserves rise by half a billion barrels


Iran's oil and gas reserves have risen by half a billion barrels and five trillion cubic feet respectively with the discovery of new onshore oil and gas fields in the south and west of the country, an Iranian daily quoted a senior oil official as saying.

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Dow Q1 results show strong growth


The Dow Chemical Company announced that sales in Q1 of 2011 hit US$14.7 billion, a 20 per cent increase compared with the same period last year.

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Oil majors launch Subsea Well Response Project


Nine of the world's leading oil and gas companies – BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total – announced the launch of the Subsea Well Response Project (SWRP), an initiative designed to enhance the industry's capability to respond to subsea well control incidents.

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IEA sees global oil demand to recede


The International Energy Agency (IEA) cut its global oil demand growth forecast for this year, due to persistent high oil prices and lower growth projections for developed economies.

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