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Shell gets $1 bln refining boost, upgrades oil and gas assets

LONDON, July 7 (Reuters) – Shell (SHEL.L) said on Thursday surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 billion.

In an update before second quarter results on July 28, Shell also said it would reverse up to $4.5 billion in writedowns on oil and gas assets…

OIL and GAS journal top tips today

The oil and gas industry has been at technology’s forefront in oil extraction, transportation and refining. Yet the industry has been slow to digitalize its assets, projects and business processes. To help boost business innovation, the Oil and Gas Journal has created an ebook with common challenges within oil and gas companies, tips to identify these challenges and digital solutions offered by…

Oil prices settle down on fears of Fed and oil profit tax

Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.

Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points at its meeting on Wednesday. But after Friday’s surprisingly strong consumer price index (CPI)…