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BP to Halliburton in 'barroom brawl' as drillers slash costs

Saturday, August 20, 2016 - 05:50

New York

MAD Dog, BP plc's drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry's war on cost.

When the British oil giant announced the project's second phase in 2011, it put the price at US$20 billion. Last month, after simplifying plans and