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Mexican President Andres Manuel Lopez Obrador has officially launched the $8 billion construction of a controversial oil refinery that experts say is likely to blowout in cost.
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. Earnings before interest and tax (EBIT),