Newfield, Nexen shares climb on word of discoveryShell-operated Shark exploration well believed to have broken 25,000 foot barrier on Gulf of Mexico’s continental shelf Petroleum News
Exploration and production independents Newfield Exploration and Nexen saw their stock prices jump as word spread of a possible first “ultra-deep” gas discovery in the relatively shallow waters of the Gulf of Mexico’s continental shelf.
Nexen is a 40 percent owner of the Shell-operated Shark explor....
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Extension of structures in deeper waters
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