Moreover, the resumption in deep water drilling has the immediate effect of increasing consumption.
The Triumph is "in deep water and not near any hazards to navigation, " said Cmdr.
Drivers in Cambridgeshire who flout flood warning signs and get stuck in deep water could face prosecution.
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So when the property market began to implode, the government and the banks found themselves in deep water.
"Only in deep water, where the pressure is greatest, are the bags a good economic proposition, " Garvey explained.
"It's in deep water and not near any hazards to navigation, " said Greg Magee, the commander of the Vigorous.
This week Cambridgeshire Police warned drivers who ignored flood warning signs and got stuck in deep water could be prosecuted.
The positive growth should be driven by rising demand for liquid natural gas and growth in deep water exploration and production.
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Over the last two years 65% of all new reserves worldwide were found in deep water (depths of 1, 200 feet or more).
In Cambridgeshire drivers who flout flood warning signs and get stuck in deep water have been told by police they could face prosecution.
That tactic has never been tried in deep water, and a BP spokesman said the dome won't be ready for two to four weeks.
The Gulf of Mexico disaster will put a brake on new offshore drilling permits, particularly in deep water, for several months and perhaps years.
He says he managed to steer his stricken vessel close into shore, preventing it from sinking in deep water where hundreds might have drowned.
The problems, of course, include the expense of building platforms in deep water, servicing them and building underwater transmission to bring the power to land.
In Washington, a U.S. defense official said the U.S. Navy will contribute two high-tech acoustic devices to listen for emergency beacons still operating in deep water.
He paddled out on his board to a buoy about 150 yards offshore, far enough to be in deep water, but not so far that he could be taken by a shark.
Just last month the company bid to increase its stake in deep water through the purchase of several fields from a BP (BP) eager to shed assets, a deal that Stone hopes will close next month.
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Levels of dissolved oxygen in deep water have dropped about 20 percent below their long-term average, according to data collected from up to 60 miles from the well at the center of the worst oil spill in U.S. history.
Brazilian oil major Petrobras (PBR) said in a press release late Thursday that it has found the equivalent of 700 million barrels of oil in deep water Gulf of Mexico at the Keathley Canyon bloc it runs together with ExxonMobil (XOM) and Italian oil firm Eni.
There has been much heated debate this week about how much more oil there is to come - probably a lot, but not necessarily offering up quite such generous tax revenue once the industry has been incentivised to drill and develop in deep water and hard-to-reach reserves.
So what we're doing now is we're taking inventory of all the vessels that have presented themselves to determine which ones can go out in deep water -- they've got radio, they've got full equipment, they can actually lay out boom, they can engage in skimming -- which ones aren't able to do that, and that process is going to be coordinated.
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Meanwhile, back in North America, new techniques were being developed to extract oil and natural gas from shale formations deep underground, from tar sands in Canada, and from deep water in the Gulf of Mexico.
Petrobras (PBR) is losing money and says it will invest less in its deep water oil drilling.
The sands yielding oil and gas discoveries are universally similar from onshore Louisiana to far offshore in the deep water.
The giant new fields in the deep water off Brazil are unlikely to produce oil for a decade or more.
He says BP was looking to be a serious player in the deep water oil finds off of the Brazilian coast.
Only one of the 40 wells drilled by others into the Wilcox Sands in mile deep water has ever had a flow test.
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But we are having to spend more oil to get oil, as we drill deeper, and drill in the deep water of the ocean.
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Moreover, the sorts of fields that Western oil firms are starting to develop, in very deep water, or of nearly solid, tar-like oil, are ever more technically challenging.
One place where Western oil companies have found open doors is in deep-water exploration, because state-backed oil companies in Russia, China and the Middle East have little experience drilling these tricky wells.
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