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Oil & Gas

Buoyant results for KCA


Second quarter results from Aberdeen-based drilling giant KCA Deutag yesterday showed a big jump in both profits and revenue.


The $30bn exodus: Foreign oil firms bail on Canada


Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years.


Shell dives into Australian power market with $418m ERM bid


Royal Dutch Shell Plc has taken the plunge into Australia’s energy market with a $418 million deal to buy ERM Power Ltd., the nation’s second-largest electricity retailer to commercial and industrial customers, as it drives toward a goal to become the world’s top power producer by 2030.