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Oil & gas news

Statoil strengthens its position in Uruguay

Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.

 
 

BP deepens commitment to Oman

BP has committed to to extending the licence for Oman Block 61 and to develop second phase of major Khazzan gas field.