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BP, Shell seal largest exploration deals in Nova Scotia

Fresh from pleading guilty to criminal misconduct in the Gulf Coast and paying US$4.5-billion in penalties, BP said it successfully bid for four deepwater exploration blocks offshore Nova Scotia and committed to spend $1.05-billion in the hopes of discovering oil in the Atlantic.

The Canada-Nova Scotia Offshore Petroleum Board said that BP was the successful . . . → Read More: BP, Shell seal largest exploration deals in Nova Scotia