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Oil giants in tough balancing act despite promising upturn

The appetite for investments in new production remains muted among oil companies. Despite significant improvements in the first quarter, a Clarksons Platou analyst expects the oil industry to focus on pampering its shareholders and only invest very cautiously.

Photo: Steve Nesius/Reuters/Ritzau Scanpix

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Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

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