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Statoil distributes drilling contracts worth over EUR 1 billion

The Norwegian oil major has distributed over EUR 1 billion worth of contracts across 18 platforms to Archer, KCA Deutag and Odfjell.

Photo: PR-foto: Statoil

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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