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BP PLC is asking for up to $7.9 billion for some of its oilfields in the Gulf of Mexico as it continues to sell assets after the 2010 oil spill, according to Bloomberg News. According to the report Tuesday, which cited two people
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Suggested Topics Even Bob Dudley had to admit that BP's dramatic swing into the red was a disappointing show yesterday...During a second quarter in which BP was apparently attacked from every angle, the oil giant recorded an astonishing change of
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Starting operations at the Galapagos development in the deep waters of the Gulf of Mexico represents a key milestone for BP, the company's top executive said. BP announced that it started development at Galapagos, a three-field, deep-water complex
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Watch stocks you care about The single, easiest way to keep track of all the stocks that matter.....There they were, all ready to go: windsor knots impeccably completed, $1,000 briefcases in hand, and practiced supercilious miens firmly in place. BP
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U.S. energy explorer Apache Corp. announced a discovery in an appraisal well in the deep waters of the Gulf of Mexico. Apache Corp. said it encountered around 250 net feet of oil pay at block 903 in the Green Canyon reserve in roughly 5,000 feet of
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and cover some of the damage claims awarded against the two contractors. Not surprisingly, the sparring sides were quick to claim victory for themselves. However, what caught my attention was a relatively minor development, which paints a somewhat
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The company has returned two rigs to the regions deep waters and aims to get three more drilling by the end of the year, according to people with knowledge of BPs plans, who declined to be identified because the program hinges on gaining approval
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With U.S. oil demand running at about 18 million barrels a day, that's enough oil for this one field to hypothetically supply the entire nation for about seven months. In the parlance of the industry, this makes Mad Dog a giant oil discovery, with
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09 pm A rainbow-colored sheen spotted in the Gulf of Mexico over the weekend was not oil from the Deepwater Horizon spill, the Coast Guard says on Sunday. Officials said the sheen was probably caused by large amounts of sediment driven out to sea by
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Here, an oil production ship is working on an Exxon field in deep water off Angola. Despite the current slow going in the Gulf of Mexico, worldwide deepwater oil production is surging, driven by high prices, new technology, and dwindling prospects on
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