The BP gulf oil disaster will become the three mile island debacle for the offshore oil and gas industry.

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He added that there were other significant claims still to be settled, including offshore oil and gas industry damages as a result of the moratorium on deepwater drilling put in place after the accident, casino losses, fisheries, financial institutions and real estate developers.

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Based in Bermuda, SeaDrill Limited is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

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Oil and Gas UK - the offshore industry body - said oil transported through the Brent pipeline system represented 10% of the UK's North Sea oil production.

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While other investigations have been higher-profile, the recommendations in this report could change how the offshore oil industry operates in the Gulf of Mexico, a prolific oil and natural-gas region.

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The company provides specialty products to the oil and gas industry through its four business units: well-site services, tubular services, offshore, and accommodations.

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Industry body Oil and Gas UK also indicated it was too early to say when full offshore helicopter operations could be reintroduced.

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