Arbitrators rule that PDVSA only owes $33.7 million plus interest.
Design constraints and specifications that are best suited to each individual project need to be jointly defined and implemented.
Major U.S. oil producers on July 9 began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance.
The U.S. State Department on July 9 urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.
A second Turkish drillship will begin drilling for oil and natural gas in the eastern Mediterranean within a week, Turkey's energy minister said, in a move which that could strain ties with Cyprus over jurisdiction rights for exploration.
Pemex sought and won approval from the regulator in late May to drill a well under more than 3,000 m (10,000 ft) of water that the company won at auction months before President Andres Manuel Lopez Obrador was elected in a landslide victory last year.