Big oil merger underway
![Photo: Tullow Oil PR](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article14096259.ece/ALTERNATES/schema-16_9/doc7l8u02clvdlq0cc5aqf.jpg)
British oil and gas exploration company Tullow Oil is preparing to acquire compatriot sector rival Capricorn Energy, the companies reveal in a statement Wednesday after both boards of directors approved the merger.
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