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By News Wires
04 June 2010 07:59 GMT
Global insurance broker Willis Group Holdings has warned the losses of the semi-submersibles Deepwater Horizon and Aban Pearl have left upstream energy insurers with $795 million in claims within the space of a single month, driving up rates.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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