The move is part of BP's strategy to "fine tune" its portfolio and "deepen its investment in fields which have long term potential".
BP, meanwhile, focused on the long-term through investment in new fields.
He also rejects the idea of simply trying to do what Britain does now, but with less money, since that would mean neglecting investment in new fields such as cyber-warfare.
This strategy, of ramping up investment in mature fields, is the same one he has applied through the other four big shelf acquisitions Exxi has made since its founding in 2005.
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But some analysts question whether Russia will have sufficient reserves to supply the gas pipeline, given the expected decline in its production over the next 20 years and the lack of investment in new fields since the collapse of the Soviet Union in 1991.
Newly elected Mexican President Enrique Pena Nieto is urging his country to amend its constitution to allow foreign investment in Mexican oil fields.
Lower sales and declining investment in Iranian oil fields means Iran's production could fall by more than 300, 000 barrels a day this year, Vienna-based consultancy JBC Energy GmbH says.
The company through its bank provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.
One of the world's energy superpowers is seeing its production slowly dwindle away because of chronic under-investment in the oil fields and the loss of access to technology as foreign companies are harassed and expropriated.
It also announced plans to boost investment in the North Slope fields in Alaska after the Alaskan Legislature lowered taxes on the oil industry.
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Responding to criticism from the industry that the increase had prompted it to review billions of pounds of investment in oil and gas fields under UK waters, the Treasury told MPs that evidence from a similar tax increase in 2005 showed it had "little effect", and that investment was more closely aligned to the oil price.
For these reasons I feel the way to play the "winner's game" is to strive to "be the market" (through the use of low-fee, passive-oriented investment strategies and a heavy emphasis on asset allocation) as opposed to trying to "beat the market" (by looking for the proverbial higher-fee, four-leaf clover in the vast fields of the investment landscape).
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We also renewed our commitment to elevate our relation at higher level for comprehensive partnerships, and I welcome also the future cooperation between Indonesia and the United States in various fields such as trade and investment, education and technology, climate change, food and energy security, countering communicable diseases and also counterterrorism and people-to-people contact.
New wells will fail to plug the gap left as older fields dry up, despite the investment that 2008's higher prices encouraged.
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"Beyond the gas fields, energy projects are attracting substantial investment interest and loan opportunities for larger banks, " the Fed noted.
One of Japan's major energy companies is making a significant investment in at least 20 UK offshore oil and gas fields.
Such an investment would create jobs in engineering, construction and computer fields, and have indirect effects on manufacturing and component assembling employment.
Some Singaporeans privately doubt the ability of Malaysians to compete with them in higher-value-added fields, but others wonder if their growing investment across the straits may be creating a tough competitor.
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One big reason for the discrepancy in results is that far more of the students from national schools ended up in either investment banking or venture capital, the two most lucrative fields, according to our survey.
Even then, low wholesale gas prices held back investment until the government announced tax breaks for the development of new fields in February.
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While most of the populace is mired in poverty, let's not forget that this former French colony is also home to some of the world's richest diamond fields (which is where diplomatic status proves an invaluable investment).
This exists in many, many fields: doctors, actuaries -- we all like to think or even like myself investment professionals.
This makes some Russian oil-fields barely profitable even after the rouble devaluation, and is encouraging western firms to redirect investment to the Middle East, where oil is cheaper to extract.
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