Look for Apache to sell off some of these deepwater fields as the year goes on.
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The Deepwater Horizon incident appears destined to have a similar or even greater impact.
This year, the industry has witnessed 46 ultra-deepwater contracts being signed, the highest level since 2008.
Now, the repercussions of the Deepwater Horizon accident are spreading broadly through the industry.
We mourned the loss of the 11 workers who died aboard the Deepwater Horizon last April.
Technical mistakes are delaying the company's huge Thunder Horse deepwater project in the Gulf of Mexico.
And of course we need to make sure that deepwater drilling is done safely.
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The federal government's moratorium on new deepwater drilling is very unpopular in the region.
But some petroleum industry experts maintain the technology for drilling deepwater wells is safe.
In the report, Deepwater Horizon engineer Mike Williams described his escape from the burrning rig.
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Yet the new procedures he put in place failed to prevent the Deepwater Horizon disaster.
The Deepwater Horizon disaster released an estimated four million barrels of oil into the Gulf.
Since the Deepwater Horizon explosion on April 20, has the company changed its tune?
Look, there are other reports that are going to come out of the Deepwater Horizon spill.
We've got teams obviously that are inspecting the deepwater operations in the Gulf now.
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Joe Co. would have an open-and-shut case against the companies responsible for the Deepwater Horizon disaster.
Management estimates that 53 new ultra-deepwater ships will be commissioned globally over the next few years.
Meanwhile, in the bigger picture, attention was on the resumption of deepwater drilling in the Gulf.
"There is a six-month moratorium on deepwater drilling, " said an Interior statement on the matter.
Brazil is positioning itself as one of the world's premier locations for deepwater exploration and drilling.
Next year a Brazilian-built deepwater port, backed by a free-trade zone, is due to open.
The 2010 Deepwater Horizon incident was one of the worst environmental disasters in US history.
In the Gulf of Mexico, BP hadn't suffered a safety disaster until the Deepwater Horizon.
Neighbouring Burma is upgrading its deepwater port in Sittwe, about 200km south of Chittagong.
The Deepwater Horizon incident was one of the worst environmental disasters in US history.
Oil drilling has been going on in the Gulf, including deepwater, for quite some time.
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The deepwater operator said that it would reduce dividends in order to bolster its financial position.
Transocean is focusing on deepwater and ultra-deepwater exploration to drive revenues growth in the future.
American companies have a lot of technical expertise in drilling oil, especially deepwater oil.
At least Deepwater achieved one goal: the coastguard is now receiving plenty of attention.
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