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Seadrill sells rigs for USD 225 million

John Fredriksen's Seadrill has entered a deal with Shelf Drilling to sell three rigs for a total of USD 225 million, announces the drilling company.

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Crack and explosion show risks of Europe's aging energy networks

A crack was discovered on the Forties Pipeline System in Scotland, while an explosion cost one fatality and injured at least 18 people at a gas plant in Austria. Repairs and concerns about dangerous incidents will only become more common in Europe's oil and gas infrastructure.

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