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Angola pull-out to cost Statoil $350m

STATOIL will take $US350 million hit to pull the plug two years early on a rig contract for offsh...

Anthony Barich

The Norwegian state-owned company has canned its $700 million Stena Carron rig contract that was meant to last until the end of 2016 after completing its work commitments in its operated blocks 38 and...

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