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Oil prices increased on Wednesday following a decline in crude stockpiles at Cushing, Oklahoma in the US. Brent crude rose 58 cents to $67.44 a barrel, while US crude also gained 64 cents to reach $61.39, Reuters reported. Data from the American Petroleum Institute Crude highlighted that inventories in the…
Norwegian seismic contractor TGS has announced plans to carry out 2D surveys offshore Eastern Canada, under which it will gather approximately 30,000km of seismic data off Newfoundland and Labrador. The company has partnered with PGS for the new multi-client 2D surveys off Eastern Canada, which use two vessels during the…
BP Exploration & Production has selected Technip for the Thunder Horse South drilling quarters unit expansion project in the Gulf of Mexico. Under the terms of the contract, Technip will be responsible for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side…
The Government of Belize's new draft proposal allowing companies to conduct offshore exploration for oil and gas near the Great Blue Hole has attracted criticism from various environmental groups. The Great Blue Hole is a large submarine sinkhole off the coast of Belize. Under the latest proposal, companies can undertake…
The Anglo-Dutch company Royal Dutch Shell has received conditional approval from the US regulator Bureau of Ocean Energy Management (BOEM) to explore oil in the Chukchi Sea, off Alaska. Already, Shell is said to have invested around $6bn on exploration in the Arctic region, which has an estimated 20% of…
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