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Energy Blast – March 9, 2011

Head of BP Robert Dudley has called for a change in the oil industry to ensure that deepwater oil spills like the one at the Macondo well never occur again, although industry heavyweights blame BP more specifically for the spill, with the head of Exxon Mobil saying ‘I do not agree that this is an industrywide problem‘.  Germany’s E.On is selling $21 billion worth of its core businesses in a bid to cut debt.  Lukoil will move to invest in oil and gas in US shale fields, ‘if we are lucky in identifying a good partner‘.  This Wall Street Journal blog looks at India’s widening energy deficit.