oil fields

George Osborne's £1bln budget boost for North Sea

Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.

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Local and foreign oil firms in Iraq to cut exposure as Syrian strike retaliation looms

Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.

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