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(Image from article: "Exxon’s Natural Gas Holdings Grow With $31 Billion Deal")

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GE to buy oil pump maker Lufkin for nearly $3 billion

General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday.

 

Romney to declare goal of North American energy independence by 2020

Republican presidential candidate Mitt Romney will lay out policies on Thursday aimed at achieving North American energy independence by 2020 by pursuing a sharp increase in production of oil and natural gas on federal lands and off the U.S. coast.

 

Exxon’s Natural Gas Holdings Grow With $31 Billion Deal

Exxon’s Natural Gas Holdings Grow With $31 Billion Deal

Exxon’s purchase of XTO, which has expertise in the growing area of shale gas, is one of the biggest energy deals in years.

 

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