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BP Profit Jumps But Warns Of Russia Sanctions Impact

July 30, 2014

Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft. BP said that to date, the sanctions had not had a significant effect on its business in Russia,… Continue Reading »

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Mexican Lawmakers Approve Key Plank Of Energy Reform With Tweaks

July 30, 2014

Lawmakers in Mexico’s lower house approved on Tuesday a key package of bills needed to implement a landmark energy overhaul, but made minor changes that will now need to be approved by the Senate. The bills, including a crucial new hydrocarbons law, form the backbone of a reform to open the long-shuttered oil sector to… Continue Reading »

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National Oilwell Sees Falling Demand For Deepwater Rigs

July 30, 2014

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, forecast falling demand for deepwater rigs, overshadowing robust demand for jack-up rigs, used in shallower waters, as well as land rigs. The company’s orders for production equipment and new deepwater rigs, or floaters, would be limited in the third quarter, Chief Financial Officer Jeremy Thigpen… Continue Reading »

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Libya Says Its Oilfields Are Safe From The Fighting

July 30, 2014

Libya is pumping crude oil at around 500,000 barrels per day and all its oilfields are secure despite continued violence, an official from the Libyan Oil Ministry said on Tuesday. Intense fighting in the eastern city of Benghazi, where many oil ports are based, and battles between rival militias in the capital Tripoli have pushed… Continue Reading »

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NOC Uses Ferries to Study Harmful Algal Blooms

July 29, 2014

For most of us, ferries are simply a convenient means of getting from A to B on a short break or family holiday, but for scientists at the National Oceanography Centre, they have proved to be an invaluable source of information about harmful phytoplankton growth in the English Channel. Passengers travelling from Portsmouth aboard P&O’s… Continue Reading »

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TDW Conducts Valve Replacements and Line Repairs in Malaysia

July 29, 2014

When it comes to keeping pipelines in top operating condition, the operator of two gas field developments offshore Malaysia has its work cut out. To make certain that the networks continue to deliver natural gas to the millions of residents and businesses in Peninsular Malaysia, dedicated maintenance teams work around-the-clock to monitor the lines for… Continue Reading »

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BSEE Visits Murphy Oil for Oil Spil Drill

July 29, 2014

The Bureau of Safety and Environmental Enforcement (BSEE) initiated a day long unannounced exercise involving Murphy Exploration and Production Company last week. The exercise tested Murphy’s ability to respond to a simulated spill event in accordance with its Oil Spill Response Plan (OSRP). The scenario simulated was a loss of well control 75 miles off the… Continue Reading »

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NOC in Cutting Edge Marine Research

July 29, 2014

With its range of high-tech robot submarines and Remotely Operated Vehicles (ROV), the National Oceanography Centre is at the forefront of marine exploration technology. The Government recently has reaffirmed its commitment to the robotics industry, which it has described as one of the “Eight Great Technologies”. A new UK Robotic and Autonomous Systems (RAS) Strategy… Continue Reading »

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Gulf Marine Sees Extensions to Vessel Contracts

July 29, 2014

Support vessel provider Gulf Marine Services reported Monday that customers have exercised contract extensions for two of its Small Class vessels in the Middle East and North Africa region. The first extension is for a self-elevating support vessel (SESV) that is currently chartered to a national oil company (NOC) on a three-year contract. The option… Continue Reading »

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Corpus Christi Crude Oil Shipments Hit Record 560,000 bopd in June

July 29, 2014

Crude oil shipments out of the Texas Port of Corpus Christi climbed to a record high in June as the Eagle Ford shale play pumped out ever more crude, port data showed on Monday, although outbound cargoes of condensate dipped. More than 560,000 barrels per day (bpd) of crude oil left the port, an increase… Continue Reading »

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