North American offshore industry is recently bouncing back from the multi-year industry downturn at a steady pace, generating increased drilling activity, eye-popping merger and acquisition deals and record production. With new bidding plans issued in U.S. Gulf of Mexico, South Eastern Newfoundland and Jeanne d’Arc Regions, Nova Scotia in Canada, as well as planned the coast of Alaska, the Pacific and Atlantic Region on the list, many international oil companies are attracted to the region’s new E&P opportunities.
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