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...“There is no spending on exploration. You can’t justify it to shareholders. So companies will keep producing but not investing, and that threatens production capacity,” says one expert....
...TNK-BP nears a deal in Brazil TNK-BP Ltd. is close to a deal to buy a 45 per cent stake in several Amazon oil-exploration blocks from Brazil’s HRT Participações em Petróleo SA for $1bn, people close to...
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