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Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash. BP group chief executive Tony Hayward.
BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico Lease OCS Sale 187 in 2003. billion barrels of oil equivalent, according to Cobalt.
Since Labour took office in July, it’s scrapped the ban on onshore wind, committed to no new North Sea oil and gas licenses, and become the first G7 economy to phase out coal power when it closed the UK’s last coal power plant at the end of September.
Since Labour took office in July, it’s scrapped the ban on onshore wind, committed to no new North Sea oil and gas licenses, and become the first G7 economy to phase out coal power when it closed the UK’s last coal power plant at the end of September.
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