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Rosneft To Take Reported $1B Stake In Drilling Co. NADL

By Andrew Westney (August 22, 2014, 6:48 PM EDT) -- Russian state-owned oil giant OAO Rosneft will acquire a roughly 30 percent stake reported to be worth about $1 billion in offshore harsh environment drilling company North Atlantic Drilling Ltd. in exchange for about 150 land drilling rigs and cash, the companies said on Friday....

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