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Bertha, the first hurricane of the 2008 Atlantic hurricane season, is expected to veer northward from Bermuda, missing the mainland United States and the oil and gas installations of the Gulf of Mexico entirely.

Transocean announced that its deepwater drillship Deepwater Pathfinder has been awarded a five-year contract by a subsidiary of Eni for drilling operations primarily in the Gulf of Mexico. Estimate contract revenues are $1.19B.

The Agency for Health Care Administration said it has identified and corrected a security flaw in Florida's Organ and Tissue Donor Registry.

Light, sweet crude for August delivery dropped 5.33 dollars to 136.04 dollars on the New York Mercantile Exchange.

At the recent EAGE/SPE EUROPEC conference in Rome, WesternGeco's Patricia de Lugao described a magnetotelluric (MT) survey commissioned by Petrobras to supplement seismic surveys in the Santos basin offshore Brazil.

Oil & Gas UK's 2008 economic report highlights buoyant exploration and production activity on the UK continental shelf and strong exports of UK oilfield goods and services, but also points to the need for the Government and industry to work together.

Northrop Grumman Corp. has signed a 10-year lease for 160,000 square feet of office space near BWI/Marshall Airport. (NOC)

Marshall Burton, general manager of Opus Northwest LLC's Denver office, has made it official that he's moving to sister company Opus East LLC in Washington, D.C.

Seven months after buying a stake in the company, Amazon.com Inc. said it will begin using the Bill Me Later payment service. (AMZN)