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Shell plans to buy oil-block stake in South Africa

Bloomberg Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, according to ...

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Total signals withdrawal from Congo oil search

Bloomberg Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said. The French company has been searching for oil in Block 3 in eastern Congo since March 2011. Its license for the field, near the border with Uganda, ...

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Airlines plead for regulators to unite on 737 Max’s return

Bloomberg Airlines are calling on aviation regulators worldwide to work together to get Boeing Co’s grounded 737 Max back in the skies and to prevent the regulatory response from splintering and slowing the jet’s return. As aviation bosses met in South Korea for their biggest gathering since the two 737 Max disasters, Ed Bastian, chief executive officer of Delta Air ...

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