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UPDATE 1-Rare run of oil finds is little respite for price-hit explorers

*Seven oil and gas discoveries made in recent weeks. LONDON, May 29- Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Seven successful discoveries with potential to become commercial have...
Source: Reuters | By: a consortium including ExxonMobil, Hess and China's
The next fracking boom could be in Saudi Arabia

Technology made the US oil shale boom. Newer technology may allow oil giants like Saudi Arabia and Norway to become the next fracking boom markets.
Source: CNBC.com | By: Andrew Zaleski, special to CNBC.com
UPDATE 1-EMC to buy Virtustream for $1.2 bln to expand cloud offerings

May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...
Source: Reuters
Where there are still bargains in energy: Analyst

Energy names have bounced powerfully, but Pavel Molchanov of Raymond James says there's still value to be found.
Source: CNBC.com | By: Alex Rosenberg
US stocks fall slightly on lower oil, mixed earnings news

NEW YORK- The stock market capped a quiet week of trading on a down note. Just 2.5 billion shares changed hands on the New York Stock Exchange, three-quarters of the normal level. Among stocks making big gains, Deere& Co. rose $3.89, or 4.3 percent, to $93.35 after the equipment maker beat analysts' estimates for its latest quarterly earnings.
Source: The Associated Press | By: By BERNARD CONDON and KELVIN CHAN, AP Business Writers
UPDATE 3-North Dakota posts surprising jump in oil output in March

WILLISTON, N.D., May 13- North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices. "We scratched our heads in the month of March" as to why production increased, Lynn Helms, director of the state's Department of Mineral Resources, said during a conference...
Source: Reuters | By: Ernest Scheyder
EXCLUSIVE-Oil on fiery North Dakota train less volatile than limit

WILLISTON, N.D., May 7- Crude oil aboard a BNSF train that derailed in North Dakota on Wednesday caught fire even though it was less flammable than required by a state law that took effect last month. The oil, transported in tank cars owned by Hess Corp, had a vapor pressure of 10.83 psi, according to test results. They were tested on May 6, the day of the accident, by Intertek,...
Source: Reuters | By: Ernest Scheyder
EXCLUSIVE-Oil that caught fire on N. Dakota train was less volatile than new rules

WILLISTON, N.D., May 7- The crude oil aboard a BNSF train that derailed in central North Dakota on Wednesday caught fire even though it was less flammable than required by a new state law that took effect last month. The oil, which was being transported in tank cars owned by Hess Corp, had a vapor pressure of 10.83 psi, according to test results. They were tested on May 6, the...
Source: Reuters | By: Ernest Scheyder
Guyana says Exxon discovers oil in offshore block

GEORGETOWN, May 7- Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela. Guyana in 2013 said Venezuela's navy evicted a ship used by Texas- based Anadarko Petroleum Corp to explore for oil in the...
Source: Reuters | By: Neil Marks
EXCLUSIVE-Oil on derailed N. Dakota train was safer than new pressure rules

WILLISTON, N.D., May 7- The crude oil aboard a BNSF train that derailed in central North Dakota on Wednesday caught fire even though it was less flammable than required by a new state law that took effect last month, a government source familiar with the matter said. The oil, which was being transported in tankcars owned by Hess Corp, had a vapor pressure of 10.8 PSI,...
Source: Reuters | By: Ernest Scheyder