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In a sign that today's Gulf of Mexico lease sale could result in significant bidding, Statoil...

In a sign that today's Gulf of Mexico lease sale could result in significant bidding, Statoil (STO +0.6%) says it has placed bids on 32 blocks. The Norwegian company also says it has entered into Australian shale gas exploration projects through a JV deal with Petrofrontier (PFRRF.PK) in a "highly prospective play at low cost, with high risk but also with significant upsides."
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