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Not many on-the-ground jobs that offer a salary over $55,000 for just half a year’s work. But that’s the money for those who opt for the rigor of an oil rig, a hot topic on people’s tongues ...
Cuba has three producing offshore oil fields within 5 km of its north coast opposite Florida. [10] The US Geological Survey estimates that the North Cuba Basin contains 5.5 billion barrels (870,000,000 m 3) of undiscovered petroleum liquids and 9.8 trillion cubic feet of natural gas, almost all in the offshore part of the basin. [11]
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
[10] [11] The company was criticized for taking CARES Act bailout money - intended for small businesses - and, in bankruptcy court, turning it into executive bonuses. [12] [13] In June 2024, offshore drilling contracting company Noble Corporation announced it would acquire Diamond Offshore for $1.6 billion in a cash-and-stock deal. [14]
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From 1954 to 2023, federal offshore tracts produced 21.4 billion barrels (3.4 × 10 9 m 3) of oil and 195 trillion cubic feet (5.5 × 10 12 m 3) of natural gas. In recent years, the Gulf of Mexico alone accounted for about 15% of all domestic oil production and 2% of domestic natural gas production.
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