Americas
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Four firms withdraw from landmark Mexican oil rights auction
San Francisco: Four overseas-linked companies have pulled out of the running for the first auctioning of Mexico’s oil sector rights,…
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Aqualis Offshore wins Mexican installation contract
Oslo: Oil-drilling service provider Perforadora Mexico has contracted international marine engineering consultant Aqualis Offshore to help with transporting and installing…
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Politicians likely to reverse law that gave Petrobras offshore privileges
San Francisco: Petrobras will, in all likelihood, be stripped of its privileged position regarding the development of potentially valuable subsalt…
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Petrobras FPSO to boost production in Lula field
San Francisco: Petrobras said on Friday that a new had arrived in the Lula field offshore Brazil to help boost output there.…
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Tugboat collision leads to barge spilling caustic soda in Mississippi River
San Francisco: A barge overturned and spilled a quantity of caustic soda into the Mississippi River on Friday following a…
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West Coast ports dispute caused drop in US growth
San Francisco: The dock labour dispute that disrupted operations for months at the 29 West Coast ports in the US…
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BP agrees $18.7bn Deepwater Horizon penalty settlement
San Francisco: More than five years since the Deepwater Horizon disaster, BP on Thursday agreed to pay nearly $19bn in…
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Petrobras sells stakes in two oilfields
San Francisco: Petrobras announced on Wednesday it is selling its stakes in two offshore oilfields to a Brazilian company, immediately…
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Shell gives OK for its biggest Gulf of Mexico floating platform
San Francisco: Shell gave the go-ahead on Wednesday for what would be its largest Gulf of Mexico floating platform. It…
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Schlumberger in three-party MOU for offshore Mexico exploration
Houston: Schlumberger has entered into a three-party memorandum of understanding with Spectrum and PGS for cooperation in Mexico and Mexican waters.…
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Husky Energy starts oil production at South White Rose project offshore Newfoundland
San Francisco: Canadian firm Husky Energy has started oil production from the South White Rose project in the Jeanne d’Arc…
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Shell drillship Noble Discoverer heads to Arctic, this time for real
San Francisco: A day after a false alarm that had protesters mobilising prematurely, the Shell drillship Noble Discoverer was really on…
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New Dorian VLGC delivered, starts timecharter to Shell
Athens: Dorian LPG has taken delivery of its latest VLGC, which will commence a one-year timecharter to Shell via the…
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Shell aims to begin Arctic drilling third week of July
San Francisco: Shell said on Monday it could be able to start drilling for oil in the Arctic by the…
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US Supreme Court denies BP and Anadarko bids to curtail Deepwater Horizon penalties
Washington: The US Supreme Court on Monday turned down attempts by BP and Anadarko Petroleum to limit their exposure to…
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Petrobras slashes its five-year investment plan
San Francisco: Petrobras announced on Monday it will cut its five-year investment budget to $130bn as it tries to adjust…
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Sevan Marine appoints law firm to investigate Petrobras corruption claims
Oslo: Offshore drilling firm Sevan Marine has engaged the law firm Selmer to conduct an investigation into allegations of its involvement…
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Argentine judge orders seizure of assets belonging to oil firms working in Falklands waters
San Francisco: The Falklands Islands’ oil dispute was turned up a notch with a decision by an Argentine judge to…
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Panama Canal authority gets US grant to look into LNG import terminal
San Francisco: The US Trade and Development Agency (USTDA) has awarded a grant to the Panama Canal Authority (ACP) funding…
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Barge captain gets six-month jail for fatal explosion in Chicago canal 10 years ago
Chicago: Ten years after the event an Illinois man was sentenced to six months jail time for negligent manslaughter and…
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