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Pressure Rising On Deepwater Rigs

After a slowdown in the coming quarters, we expect the market for deepwater rigs to begin to recover over the medium term. Rig rates will suffer in 2014 from a slowdown in demand and a ramping up of...

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Petrobras Plans Higher Upstream Spend

Brazilian state-run energy company Petroleo Brasileiro (Petrobras) is planning a 4% increase in budget for its upstream unit in its 2014-2018 business plan, which was unveiled in the week starting...

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