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Trump proposes $199.9 million in FY 19 budget for BSEE

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President Donald Trump has proposed a $199.9 million Fiscal Year (FY) 2019 budget for the Bureau of Safety and Environmental Enforcement (BSEE). The 2019 BSEE budget fully supports the safe and environmentally responsible development of the nation’s vast offshore energy resources. BSEE will support the Administration’s objective of facilitating energy dominance through increased domestic oil and gas production by reducing unnecessary regulatory burdens while maintaining or advancing the level of safety and environmental protection...

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Wood Mackenzie: Explorers’ success rates rise as ultra-deep and frontier basins deliver

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Explorers achieved significant success in 2017 as companies emerged from the downturn leaner and more focused on making smart portfolio decisions. The industry has made a return to high-impact exploration in ultra-deepwater and frontier basins after a period of focusing on low-risk, low-reward activity. Oil accounted for 56% of discovered volumes, a share last seen in 2008, with eight out of the top 10 discoveries being oil weighted...

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Total enters exploration in Guyana Basin with three exploration licenses

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Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area covering over 12,000 sq km in the Guyana Basin...

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Deep Sea Mooring picks up Quadrant contract offshore Australia

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Deep Sea Mooring (DSM), a Vryhof company, has secured a contract with Quadrant Energy to provide turnkey pre-lay mooring solutions to the Transocean GSF Development Driller 1 semi-submersible drilling rig offshore Australia. The deal, a continuation of previous work for Quadrant Energy, begins in March 2018...

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US rig count hits 946

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The US rig count hit 946 this week, according to the Baker Hughes weekly rig count, with 929 rigs drilling on land and 16 drilling offshore. Of the total, 765 rigs are drilling for oil and 181 for natural gas. One year ago, the total US rig count stood at 729.

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