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BP re-enters solar market with $200 million UK deal

Bloomberg After a six year absence, BP Plc returned to the solar-energy business with a $200 million investment in a British company that develops and maintains photovoltaic farms in Europe. The move marks another step by the largest oil companies into renewable-energy technologies starting to disrupt the energy industry. BP’s rivals such as Royal Dutch Shell Plc and Total SA ...

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Oil rally fizzles for third week with 2018 outlook still cloudy

Bloomberg Crude’s rally fizzled out for a third week, with prices stalled near $57 a barrel as concerns over excess supplies next year temper enthusiasm for OPEC’s extended production curbs. Futures in New York closed just about where they started, with small gains over the past two days merely offsetting losses in previous sessions. While the halt of the Forties ...

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New gas shipments from Cameroon a relief for supply woes in Europe

Bloomberg A week ago, Cameroon was getting ready to jostle for space in a global liquefied natural gas market already crowded with new supplies from the US and Russia. Now the extra output couldn’t come at a better time. France’s Perenco SA and US-traded Golar LNG Ltd. will start shipments from their $1.2 billion LNG project off Cameroon in February, ...

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