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Drilling & production - 26 October 2011

ArcelorMittal withdraws from Macarthur Coal bid

Steel maker ArcelorMittal has made an unexpected last-minute withdrawal from its US$ 5 billion joint bid for control of Macarthur Coal, leaving joint venture partner Peabody Energy to proceed with the takeover alone.

 

Total E&P UK extends use of RMR in £4.5m deal

Total E&P UK, one of the largest operators in the UK sector of the North Sea, has extended its contract for AGR’s Riserless Mud Recovery system (RMR) by four years.