Chevrons commitment good news for the deepwater drillers…and Pressure Technologies
The newly sanctioned projectsJack and St. Malorepresent two of the biggest finds of the last decade in the U.S. Gulf, potentially holding 500 million barrels of recoverable oil and gas. Production is expected to begin in 2014, in 7,000 feet of water roughly 280 miles south of New Orleans.
Brokerage Natixis Bleichroeder recently upgraded the largest of the deep water drillers Transocean (NYSE: RIG) to Buy. The Natixis analyst commented that, “In our previous…
Previous article Next article