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Monday, 28 July 2014

Drilling deals dive past oil-spill calamity

Dauntless depths

Crisis? What crisis? Oilmen showed no signs on Monday of being cowed by BP's woes and the resulting Gulf drilling freeze. Noble's $4 bln rig rental deal with Shell and its $2.2 bln purchase of FDR look like ballsy but not reckless votes of confidence in deepwater exploration.



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