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Video Plays Increasingly Important Role in Offshore Oilfield Operations

Posted by TJ Gallagher on Jul 28, 2017 6:07:00 AM

***This article was written by Oceaneering's TJ Gallagher, Business Development Manager of Global Data Solutions, for the July 2017 edition of Ocean News & Technology.

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Will OPEC’s extension of production cuts lead to higher oil prices?

Posted by PortVision on Jun 13, 2017 6:07:00 AM

In Vienna on May 25, members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies — including Russia — agreed to extend their cutbacks in oil production in hopes of addressing the glut of oil that’s been keeping down the price-per-barrel.

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Collaborative Intelligent Monitoring to Protect Offshore Assets

Posted by PortVision on Jun 8, 2017 6:07:00 AM

***This article originally appeared at www.marinemec.com. Jason Tieman, our Director of Maritime Operations was interviewed by Martyn Wingrove. You can read the article in its entirety here.

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Floating LNG Facilities Making Waves as Energy Solution

Posted by PortVision on Jun 6, 2017 6:07:00 AM

Up until now, an estimated 60% of the world’s supply of natural gas has been locked in hard-to-reach places, like the ocean floor. With Floating Liquefied Natural Gas (FLNG) projects, that’s no longer the case. These revolutionary facilitiestechnological marvels built to process, on site, natural gas trapped under the sea and far from shore—open up gas fields once thought of as logistically and economically unfeasible to monetize.

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Iraq Responds to Cutbacks in Crude with a Surge in Fuel-Oil Exports

Posted by PortVision on May 31, 2017 6:07:00 AM

According to industry sources, Iraq has increased its oil exports this year, in spite of the fact that, like fellow OPEC members and other oil-producing countries, it agreed late last year to cut crude production for the first six months of 2017 in an effort to stop the slide of prices.

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OPEC set to cut production in 2017

Posted by PortVision on Jan 24, 2017 6:07:00 AM

In an effort to decrease oil inventories, OPEC nations as well as other oil-rich countries, agreed at the end of November to cut their production of oil. As reported in BloombergMarkets, this is the first such cut since 2008. Saudi Arabia, Iran, Iraq, Kuwait and Russia signed on to the agreement of the Organization of Petroleum Exporting Countries (OPEC); Nigeria and Libya were exempt and Indonesia was granted a freeze of its membership. The price of oil immediately rose on the production cut news.

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The POLARizing Debate over Arctic Drilling

Posted by PortVision on Nov 17, 2015 7:08:00 AM

As the demand for fossil fuels grows, energy companies are looking for new ways to access oil and natural gas deposits all over the Earth. The Arctic is estimated by the U.S. Geological Survey to contain 26 billion barrels of oil and 130 trillion cubic feet of natural gas. The incredible value of these deposits make the Arctic the center of a controversy over who has the right to drill for these resources and how they should be extracted.

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