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History: In 2001 BP finds torpedoed U-Boat from 1942

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July 30, 1942 – U-Boat sunk in Gulf of Mexico, not identified until 2001

The U-166 was attacked and sunk by a Navy patrol boat just hours after the submarine had torpedoed and sunk a U.S. freighter. Despite being depth charged, the U-boat was believed to have escaped – until a natural gas pipeline survey revealed it decades later….

 

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Rowan brings in 6 new contracts with Aramco, total of 18 years of backlog

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Rowan Companies plc (“Rowan†or the “Companyâ€) (NYSE: RDC) announced today that ARO Drilling was awarded six three-year contracts by Saudi Aramco for Rowan jack-up rigs currently operating in Saudi Arabia. These new contracts will commence upon completion of the rigs’ existing contracts later this year…

 

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Permian home of the current boom but also home to something else

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The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers.

The Permian shale play in West Texas is once again booming with drilling and is full of oil field workers, some of which are abusing drugs and alcohol to help them get through long shifts, harsh working conditions, and loneliness and isolation….

 

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Job flock hit Odessa and Halliburton for hot Permian jobs

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ODESSA, TEXAS- Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing.

“We need to hire you is our message,â€Â said Chris Redman, a field services manager with Summit ESP, which Halliburton acquired last year….

 

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Oil experts scratching head over the prices

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Oil price projections are infamously all over the map, but the current chasm between various pricing forecasts is striking, offering wildly different views.

On the low end we have Citibank, which recently stated that Brent oil prices could fall to as low as $45 per barrel within the next year. Citi’s Ed Morse said that Brent could very well fall back into a band of between $45 and $65 per barrel, a range that was familiar between much of the market downturn between 2014 and 2016….

Check out our other current stories, we dare you…

• Job flock hits Odessa
• Thank petroleum for that toothbrush, it used to be hog hair
• Indonesia will give Chevron the boot by 2021