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The Atlantis Phase 3 project will include constructing a new subsea production system from eight new wells that will be tied to the existing platform, BP said.
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
As 2018 closed with a flurry of good news, 2019 is set to deliver new discoveries and technologies to the oil and gas industry.
Check out the latest E&P activity highlights from around the world.
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