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New North Sea beckons oil producers off Canada's east coast

Change in old law offers chance to double exploration; second auction upcoming after first drew oil majors

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A change to an obscure shipping law is helping draw major oil companies to an area off Canada's east coast that may rival the North Sea for its production potential.

London

A CHANGE to an obscure shipping law is helping draw major oil companies to an area off Canada's east coast that may rival the North Sea for its production potential.

Exxon Mobil Corp, Chevron Corp, Statoil ASA, BG Group plc and BP plc are among the companies that committed