Offshore in depth ///

These days, everyone in the petroleum industry is closely tracking oil prices. The Houston Chronicle prominently features the price per barrel on its front page every morning. The drop in crude prices—from over $100/bbl a year ago to around $60 at this writing—has sent shock waves through the industry. A major theme discussed at this year’s IHS CeraWeek and the Offshore Technology Conference was the need to control cost, to remain profitable in a sustained period of lower commodity prices.

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