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The blast killed three Filipino workers — Avelino Tajonera, Ellroy Corporal and Jerome Malagapo — and injured several others.
Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
Statoil’s announcement comes two months after Royal Dutch Shell announced it would abandon its $7 billion Arctic drilling efforts in a neighboring part of the Chukchi Sea north of Alaska, after drilling a dry hole.
BP is seeking to drill in the Great Australian Bight, a remote region the company has described as “pretty much the last big unexplored basin in the whole world.”
The Anglo-Dutch oil major’s latest project is slated to produce a peak 50,000 barrels a day in a region estimated to hold up to 2 billion barrels a day in production.
The oil and natural gas industry has spent the last five years following the Deepwater Horizon incident working with government and regulatory officials to improve the safety of operations offshore.
Atwood’s new contract for the rig is 60 percent smaller than a previous three-year contract with Noble.
The world’s largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
The company has slashed costs to cope with the diminishing demand for offshore services, primarily saving money by operating a smaller fleet.
As oil companies scrap cash bonuses and raises amid a brutal downturn with no end in sight, one offshore drilling company is offering extra pay for some key employees it hopes to keep during difficult times.