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Denmark's oil exploration at a total standstill

Not a single exploratory drilling has taken place this year in the Danish North Sea shelf, and there is no promise of any in 2017. Struggling oil companies and one delayed bidding round are the reason, says the Danish state oil and gas company Nordsøfonden.

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Statoil awards oil contracts worth billions

Oil company Statoil has awarded three contracts to three different suppliers valued at a total NOK 8 billion. One of the agreements goes to Aker Solutions, which recently landed a large contract with Maersk Drilling.

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