Dispatches from the Gulf … of Mexico

By: Steve Maley (Diary)  |  June 10th at 01:00 PM  | 

ExxonMobil hits large Keathley Canyon discovery (Oil and Gas Journal, June 8, 2011). XOM announces the discovery of 700 million barrels equivalent (BOE) of oil and gas in 7,000 feet of water, 250 miles offshore Louisiana. Shell’s Cardamom to come online (Offshore247.com, June 9, 2011). Shell will bring on 50,000 barrels equivalent per day from its 140 million BOE discovery in 2,700 feet of water | Read More »

Big Oil Sell Out?

By: Steve Maley (Diary)  |  April 14th at 11:44 PM  | 

I don’t know who disgusts me more — Sen. Graham, or the oil companies. Senators consider gasoline tax as part of climate bill Estimates put it in the range of 15 cents a gallon. Some oil companies are on board with the plan because it would cost them far less than other proposals to cut greenhouse gas emissions. Leading voices in the Senate are considering | Read More »