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Tuesday, November 28, 2017

Big oil player quits New Zealand as offshore activity dries up

A major oil explorer is quitting New Zealand as spending on offshore drilling plunges from $700 million three years ago to nothing and the government promises to tighten controls on the industry. US company Anadarko said that with persistently low oil prices marginal investments in speculative, f...
Big oil player quits New Zealand as offshore activity dries up

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