- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Shell announces large GOM discovery........
Posted on 7/15/14 at 9:46 pm
Posted on 7/15/14 at 9:46 pm
quote:
Shell said on Tuesday (July 15) it has made a major oil discovery in the deepwater Gulf of Mexico about 75 miles offshore. The company predicts the new find holds 100 million barrels of oil equivalent.
quote:
Together with Shell's two previous Norphlet discoveries, named Appomattox and Vicksburg, the latest discovery brings the area's total oil potential to more than 700 million barrels of oil equivalent.
quote:
Shell partnered with Ecopetrol America Inc. of Colombia and Nexen, a Canadian oil and gas company, to drill the Rydberg well.
Wasn't Nexen purchased by CNOOC?
Either way
LINK
This post was edited on 7/15/14 at 9:47 pm
2
Posted on 7/15/14 at 11:04 pm to TJG210
I thought only part of Nexen was purchased by CNOOC.
Posted on 7/15/14 at 11:17 pm to TJG210
quote:
Wasn't Nexen purchased by CNOOC?
Yes, the deal closed a while ago. CNOOC allows Nexen to operate under the Nexen flag, the rules put in place on the US division by the Senate subcommittee were pretty wild: No communications between US employees and other divisions, Nexen had to divest assets within x miles of military bases, cannot operate, background checks on current employees, amongst many other strange provisions.
The norphlet trend is the only real asset Nexen has in the gulf. Shell pretty much leads them around on a leash. Part of the buyout agreement was no layoffs for the Canadians in Calgary, but I am hearing they are letting people go. Sad, used to be a great independent to work for.
Posted on 7/15/14 at 11:20 pm to BoogerEater
quote:
I thought only part of Nexen was purchased by CNOOC
No it was a complete buyout. 15 billion and some change. I think it was the largest foreign transaction ever completed by a Chinese company. Deal took a long time to close, Had to jump through a ton of regulatory bodies in Canada, US, and UK
This post was edited on 7/15/14 at 11:27 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News