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Maersk Drilling awarded contract extension to drill world record well in Angola; 2.25-mile water depth

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TotalEnergies E&P Angola has exercised an option for the 7 th -generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. It is currently operating offshore Angola for TotalEnergies. The Ondjaba-1 well will be drilled at a new world record water depth of 3,628 m (2.25

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Using new seismic imaging technique, BP finds significant additional resources in the Gulf of Mexico

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As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in Azerbaijan, Angola, and Trinidad and Tobago. Established in 2016, BP’s Subsurface Technical Center specializes in advanced seismic imaging and enhanced oil recovery.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Major capital investments include developments in Australia, the deepwater Gulf of Mexico, Nigeria, Angola and China. First production is expected in 2016. Angola: Angola LNG and development of Mafumeira Sul. Spending of $28.5 The project has already awarded $6 billion in contracts. Canada: Hebron offshore development.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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First production is expected at the end of 2016. The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. percent in 2016. While all OPEC members, including Saudi Arabia, have suffered from the Saudi decision, they have not shared the pain equally.

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New Award Recognizes IEEE Society’s Work in DEI

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The IEEE Life Fellow was elected the 2016–2017 society president and 2021 Division II director. Since the initiative was launched, the society established its first African chapter, in South Africa , followed by one in Angola. It then took a decade until a second woman was selected to serve.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). billion respectively).

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