Pemex, the state-owned oil company that dominates the Mexican economy, recently announced deep-water oil discoveries in the Gulf of Mexico, suggesting the company might be able to slow the decline of its production.
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Complicating matters, Mexico's oil output has slipped to 2.55 million barrels a day from a peak of 3.4 million in 2004, as easy oil in the Gulf is replaced by more difficult reserves of deep-water oil and heavy oil onshore.
There is little hope of passing urgent legislative business, such as a long-stalled deal on sharing proceeds from deep-sea oil drilling between states, while politicians gossip, plot and counter-plot.
Thanks to a meritocratic culture, and the discipline of having some of its stock traded, Petrobras is a leader in deep-sea oil.
If approved, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, and seabed mining.
Safe to say that the Department of Defense does not have a submersible with arms to shut off the valve of a deep-water oil well.
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If ratified by Congress, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, seabed mining, and fishing rights.
Huang is now turning his focus beyond gamers to a host of new customers that will need number-crunching power: oil companies doing deep-sea seismic analysis, Wall Street banks modeling portfolio risk and biologists visualizing molecular structures to find drug target sites.
Despite not winning a English league title since 1968, Manchester City moved up the earnings rankings from 10th to third this year -- largely thanks to the oil-rich deep pockets of owner Sheikh Mansour.
Both Brumleys have spent much of their lives muck-deep in the oil patch.
Methane either can arise from microbial activity in shallow deposits of organic material, or it can come from more deep-seated processes involving oil formation.
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He pointed to the shale-gas revolution in the U.S., along with deep-water and heavy oil, as examples of how Mexico can benefit from new technologies that boost energy output, lower prices and create jobs.
What is clear is that much useful information is being gleaned about how to deal with a disaster of this kind, which can be expected to happen again, and other kinds of spills, as the prospect of deep-water drilling for oil is realised.
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But we are willing to build a great partnership in the field of energy, either what refers to the exploration of the pre-salt deep oil reserves, as also the explorations of renewable sources of energies and clean energy that could guarantee for all mankind and for the humanity and for Brazil and for the U.S. a better improvement of its development in a sustained way.
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One place where Western oil companies have found open doors is in deep-water exploration, because state-backed oil companies in Russia, China and the Middle East have little experience drilling these tricky wells.
For nine months the ship Transocean Discoverer Spirit used 360-degree rotating propellers to hold itself steady in the 3, 500-foot-deep water as diamond-tipped bits cut the deepest oil well ever--6.5 miles down.
Last year Chevron announced that test wells drilled 29, 000 feet deep into Buckskin found oil-bearing sands 300 feet thick.
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He dreamed up the Aviator after designing deep-diving suits for offshore oil rigs and submersibles for scientific research. (Titanic director James Cameron owns two craft that Hawkes designed.) Hawkes has worked for both military and private clients.
Environmentalists strongly oppose shale-gas extraction due to fears that fracking may contaminate water supplies, the oil-sands industry because it is energy-intensive and dirty, and deep-water drilling because of the risk of oil spills like last year's Gulf of Mexico disaster.
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Economists predicted the disaster would aggravate a deep economic recession in the oil-rich country of 23 million.
Moreover, the sorts of fields that Western oil firms are starting to develop, in very deep water, or of nearly solid, tar-like oil, are ever more technically challenging.
Gulf Restoration Network believes further steps must be taken immediately to ensure the safety of oil drilling in deep off-shore waters.
Shell has announced investments in a number of projects including a deep-water project in Nigeria and an oil recovery project in Oman.
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Sea water is pumped into the oil-bearing rocks deep below the seabed.
PLC's failure to plug the mile-deep well that has been leaking oil since April is sending shudders down the spines of industry leaders who previously considered offshore exploration to be one of the last lucrative frontiers in the domestic oil business.
Until recently, oil and gas produced from deep-water fields have been brought to the surface and transported to onshore processing facilities.
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Oil from the mile-deep well may be collecting in underwater clouds, potentially endangering a cornucopia of life from the sea floor to the surface, preliminary sampling by university researchers suggests.
After the Deep Horizon oil spill, Salazar put a six-month delay on an offshore drilling program.
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Even with all current deep-water projects going forward full blast, the oil market is anticipated to be extremely tight.
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