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Corporate week in brief: China's CEFC buys US$9 billion stake in Rosneft

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11 September 2017

Corporate week in brief: China's CEFC buys US$9 billion stake in Rosneft

Report summary

Lead stories: China’s CEFC takes US$9 billion stake in Rosneft. Macro: oil prices gain on hopes of continued OPEC/Russia production restraint; oil and gas shares outperform. Companies: Statoil and Rosneft agree Russia oil development; GLNG partners sign a domestic gas supply deal. M&A: Cenovus gets asset sale programme underway with Pelican Lake sale to CNRL. Exploration: high-impact wells disappoint in UK and Ireland; Statoil farms-in to more frontier acreage in South Africa.

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