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BP has excelled in one environmental area: as part of a plea agreement to settle a federal criminal case filed against the company late last year, BP has instituted a nationwide environmental monitoring program at its exploration, drilling and production units to improve oversight and reduce the chance of accidents and spills.
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Last year, the firm and Apollo Global Management led a $7.15 billion acquisition of the exploration and production unit of the El Paso Corporation and also paid $825 million for UTEX Industries, a maker of sealing products for oil-and-gas drilling.
It offers more than 300,000 stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings.
The restructuring includes cost-cutting consolidations in Dun & Bradstreet's petroleum-information unit, which handles drilling and production data, the company said.
Drilling and Production Practice.
Deep Water Drilling – We support immediate resumption of deep water drilling and production in the Gulf of Mexico.
Land Drilling – We support land drilling and production operations including hydraulic fracturing.
When prices fall, they simply stop drilling, and production soon declines.
The vast majority of drilling and production in Texas occurs in sparsely populated rural areas.
This included declining drilling and production rates, and ageing equipment.
Perdido is the world's deepest drilling and production platform.
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