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Pacific Drilling files for Chapter 11

Like John Fredriksen's Seadrill, rig company Pacific Drilling is now filing for US Chapter 11 bankruptcy protection.

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EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

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