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The Alberta government has wrapped up an investigation into how 500 ducks died in the toxic sludge of an oilsands tailings pond last spring.

Transocean Inc. announced that its deepwater moored semisubmersible Transocean Marianas, capable of drilling in water depths up to 7,000 feet, has been awarded a two-year contract by a subsidiary of Eni.

Oil has shed $1, dropping below $145 a barrel on Friday, Reuters has reported. The drop was attributed to responses to Iran's statement, saying it would make a response to proposals from six world powers to try to resolve a long-running dispute over its nuclear development programme.

Photo Credit: AP Photo Jesus Reyes Heroles, chief executive officer of PEMEX, speaks during a news conference at the World Petroleum Congress in Madrid, Tuesday, July 1, 2008.

After almost 20 years of legal battles over the Exxon Valdez oil spill, the Supreme Court recently slashed the punitive damages imposed on Exxon Mobil to $500 million from $2.5 billion.

Atwood Oceanics Inc , which engages in the offshore drilling and completion of exploratory and developmental oil and gas wells, reported yesterday that, based on the exercise of a conditional option, its ...

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