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Statoil buys into South African oil fields

Norwegian oil major Statoil is busy growing beyond its homeland. Last week, the company announced new licenses in South America and now the company is making its foray into South Africa.

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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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