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Oil price benchmarks remained relatively steady on New York and London markets as healthy demand reports helped balance the rise in US production.

Statoil SA will become Equinor. The name will change after a shareholder vote scheduled May 17. The Norwegian government, Statoil’s majority shareholder, supports the proposal by the board of directors.

EV Energy Partners LP, a publicly traded master limited partnership created by EnerVest Ltd., Houston, has proposed a prepackaged plan of reorganization under bankruptcy protection. The plan would exchange $343 million of debt with equity in 95% of the reorganized company.

OMV AG, Vienna, reported it would acquire from Royal Dutch Shell PLC the supermajor’s upstream assets in New Zealand for $578 million. The deal adds recoverable resources of as much as 100 million boe to OMV’s portfolio, the company said.

Iraq’s Ministry of Oil is seeking international bids for construction of a 70,000 b/d refinery near Hadditha in Anbar Province.


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