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China may penalize offshore oil companies for spills: Xinhua

2016-09-05 16:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Chinese government is considering imposing penalties on offshore oil companies that damage marine environment, state media said on Monday, the latest effort by Beijing to clamp down on environmental pollution and tackle risks from oil leaks. The Legislative Affairs Office of the State Council on Monday published an early draft of the regulation, which includes damages for clean-up costs and the restoration of ecological balance in marine environments, according to Xinhua. Companies will also...

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Eni completes drilling of Zohr 5x well offshore Egypt

2016-09-05 01:00:00| Offshore Technology

Italian company Eni has completed the drilling of the Zohr 5x well on Zohr structure offshore Egypt.

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Statoil and Petrobras to increase collaboration in Santos and Campos offshore basins

2016-09-02 01:00:00| Offshore Technology

Statoil and Petrobras have signed a memorandum of understanding (MoU) in a bid to evaluate joint participation in future tenders for exploration areas as well as to increase upstream collaboration in producing fields in the Santos and Campos offshore

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Deals this week: EnVen Energy, Seabird Exploration, Solstad Offshore

2016-09-02 01:00:00| Offshore Technology

EnVen Energy Ventures LLC has agreed to spend $425m to buy a 100% stake in Brutus/Glider assets in Green Canyon in the US Gulf of Mexico from Shell Offshore Inc.

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Offshore Technology Focus: Issue 46

2016-09-01 13:43:00| Offshore Technology

In this issue: Taking Scottish expertise to Myanmars oil and gas industry, Shah Deniz 2 nears completion, Maersk Oil talks augmented reality, designing offshore structures for extreme Arctic conditions, assessing options in decommissioning, the real

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