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Business news - 21 June 2012

 

Statoil joins shale exploration firm in Australia

Statoil has farmed into Petrofrontiers existing shale gas exploration permits in AustraliaÂé¶¹´«Ã½Ó³»­™s Georgina Basin, the company has committed 25 million dollars to the initial phase of exploration and will commit more depending on results.