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Total announced positive appraisal results for the Moho Nord Marine-3 well, located approximately 80 kilometers offshore the Republic of Congo in 1,030 meters of water.

Keppel has received indications from Seadrill Limited, Scorpion Offshore and Lewek Shipping that they are reviewing their options on their newbuilding contracts that were signed in the middle of this year.

Oil prices fell below $54 a barrel Friday as a gloomy outlook for global crude demand overshadowed expectations that OPEC might announce a production cut this weekend.

Final results of the assessment indicate that 60 platforms were destroyed as a result of Hurricanes Gustav and Ike, constituting 13,657 bopd and 96,490,000 cf/d or 1.05% of the oil and 1.3% of the gas produced daily in the GOM.

Tilman Fertitta didn’t wait until Black Friday to grab some bargains.

Golfers looking to see how they compare to the pros at the 2009 FBR Open will get a chance the day after the tournament finals Feb. 1.

Washington banks saw their bad loans rise and their capital levels drop, according to the Federal Deposit Insurance Corp.’s quarterly banking report released this week.