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Higher oil prices are making it feasible for oil firms to explore in deeper waters.
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The venture capitalists were very distracted, running around with their cell phones, checking on portfolio companies in deeper waters.
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Using ever fancier technologies, the oil business is drilling in deeper waters, more difficult terrain and even in the Arctic (which, as global warming melts the polar ice cap, will perversely become the next great prize in oil).
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The Scarabeo-9 will be drilling in even deeper waters, and sea currents mean that any spill would threaten the Florida coast.
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Biologist Boris Worm says these fish should be safer in the deeper waters of the Pacific, but he also says he's been wrong before.
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With 10 billion barrels discovered in waters deeper than 750 meters thus far, that means another 30 billion barrels may be hiding out there.
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They have drilled for oil in ever-deeper waters, ever farther offshore.
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Surprisingly, life goes on in the deepwater, with the Mineral Management Service having unexpectedly approved a handful of permits to drill wells in waters even deeper than the Macondo prospect despite a moratorium on new drilling.
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Repsol will be drilling in waters that are deeper than those in which the Deepwater Horizon rig operated at the time it exploded last year.
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In addition, travelling through the reef provides ships with shallower and protected waters that allow them to anchor in the case of mechanical failure, making it safer than going around the reef into open sea and deeper waters.
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