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Republican Senator Says 2015 Could Be Time For US Oil Export Bill

September 19, 2014

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction. “I think it may be timely then,” Senator Lisa Murkowski, the top Republican on the Senate Energy Committee, told reporters… Continue Reading »

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Great Barrier Reef is Effective Wave Absorber, Study Shows

September 19, 2014

New research has found that the Great Barrier Reef, as a whole, is a remarkably effective wave absorber, despite large gaps between the reefs. This means that landward of the reefs, waves are mostly related to local winds rather than offshore wave conditions. As waves break and reduce in height over reefs, this drives currents… Continue Reading »

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Iraq’s Oil Output Revival at Stake for Want of Water

September 18, 2014

DUBAI, Sept 17 (Reuters) – A lack of water threatens Iraq’s plans to raise its oil output, boost its stumbling economy and become a leading producer in the region after Saudi Arabia. A multi-billion dollar common seawater injection scheme designed to boost production from the giant export oilfields in Iraq’s south is snarled up in… Continue Reading »

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McDermott Hires Neptune for Additional Ichthys Work

September 18, 2014

Neptune Marine Services’ Subsea Stabilisation division has been awarded two subcontracts by McDermott Australia for the Ichthys LNG Project. McDermott is the appointed main contractor for the Subsea Umbilicals, Risers and Flowlines (SURF) engineering, procurement, construction and installation portion of the project. The initial subcontract includes the design and fabrication of specialist scour protection systems… Continue Reading »

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Argentina Drafts Energy Bill To Lure Investors To Shale Deposits

September 18, 2014

BUENOS AIRES, Sept 17 (Reuters) – Argentina’s federal government said on Wednesday it had reached a preliminary agreement with provinces on reforms to overhaul energy regulations and improve incentives to lure the foreign investors needed to develop its vast shale oil and gas reserves. The cash-strapped South American country needs investment in its southern Patagonian… Continue Reading »

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PT. AOS Passes IMCA Divers Evaluation

September 18, 2014

The first batch of 12 experienced divers from PT. Advanced Offshore Services has successfully completed their Surface Supplied Diver Assessment at TOTAL Indonesie (TEPI) offshore site installation in Balikpapan. The assessment was carried out in accordance with the International Marine Contractors Association (IMCA). The diver assessment was part of PT. AOS and TEPI commitment to… Continue Reading »

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Eni Hits Oil in Ochigufu Well (Angola)

September 18, 2014

Eni has made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in Block 15/06. The new discovery is estimated to contain 300 million barrels of oil in place. Ochigufu 1 NFW well, which has led to the discovery,… Continue Reading »

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Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October

September 18, 2014

LONDON, Sept 17 (Reuters) – Oil and gas explorer Petroceltic said it would resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region. The partners halted work at the Shireen-1 well in Iraqi Kurdistan on… Continue Reading »

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Petrojarl Knarr FPSO Arrives at Aibel for Final Preparations

September 18, 2014

The new floating production vessel Petrojarl Knarr has arrived from Korea at Aibel’s shipyard in Haugesund. Here the ship will be prepared before installation on the Knarr field. The assignment contributes to full employment at the yard for the upcoming weeks, before Petrojarl Knarr once again leaves Aibel by the end of September, according to… Continue Reading »

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BP To Cut 275 Jobs In Alaska After Oil Field Disposals

September 17, 2014

BP will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area, it said on Tuesday. BP, one of the largest oil producers in Alaska, last April announced the sale of the fields to privately held… Continue Reading »

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