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Tuesday, January 20, 2015

Eni wins two exploration licenses in Norway, (NYSE: COP), (NYSE: EIX)

Italian oil and gas group Eni said on Tuesday it had won two exploration licenses in the Barents sea and in the North Sea in Norway. Following the award, Eni is now operator of the PL 806 area in the Barents Sea with a 40 percent stake, while E.ON E&P , Edison International and Petoro are partners with 20 percent each, it said in a statement.In the North Sea's PL 044 C area Eni is partner with a 13.12 percent stake, along with Statoil (30 percent) and Total (15 percent), while ConocoPhillips is the operator with 41.88 percent, it said.Eni has been present in Norway since 1965 and currently produces around 112,000 barrels of oil equivalent per day.

ConocoPhillips is an independent exploration and production (E&P) company, based on proved reserves and production of liquids and natural gas. Shares of COP fell by 0.6% or $-0.38/share to $62.70. In the past year, the shares have traded as low as $60.84 and as high as $87.09. On average, 8915430 shares of COP exchange hands on a given day and today's volume is recorded at 3815680.

Edison International, is a holding company of Southern California Edison Company (SCE). Shares of EIX fell by 0.26% or $-0.18/share to $67.82. In the past year, the shares have traded as low as $46.87 and as high as $68.74. On average, 2225930 shares of EIX exchange hands on a given day and today's volume is recorded at 988784.



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