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Started By
Message
re: Occidental Petroleum buys carbon air capture tech firm for $1.1 billion
Posted on 8/15/23 at 7:38 pm to ragincajun03
Posted on 8/15/23 at 7:38 pm to ragincajun03
Pumping up those ESG scores
1
Posted on 8/15/23 at 7:41 pm to Tridentds
quote:
However the government is backing the scam with incentives. Tax breaks, subsidies, etc...
Government isn’t backing the scam; they created it.
Posted on 8/15/23 at 7:54 pm to ragincajun03
As someone who works for OXY and is currently in the middle of the gulf working the biggest clusterfrick of a shut-in I have ever witnessed, I have no doubt that this venture will be a valuable asset 
. This company man...
. This company man...Posted on 8/15/23 at 7:59 pm to Flightnclouds
quote:
kicking our arse
Tell us more about this arse kicking
Posted on 8/15/23 at 7:59 pm to DVinBR
quote:
Pumping up those ESG scores
Just looking to hide from paying taxes mostly.
Posted on 8/15/23 at 8:00 pm to im4LSU
quote:
currently in the middle of the gulf working the biggest clusterfrick of a shut-in I have ever witnessed,
I know you can’t say which asset you are in, but what’s making it go so badly? Just curious
Posted on 8/15/23 at 8:01 pm to billjamin
Is carbon capture more or less viable than Theranos?
Posted on 8/15/23 at 8:23 pm to notiger1997
quote:
I know you can’t say which asset you are in, but what’s making it go so badly? Just curious
You would think that they just started planning this about 3 weeks ago. There are 4 total job scopes to be taken care of and instead of following what they preach and SLOWING DOWN, they try to do all 4 of them at the same time. All of these jobs require a shitpot of equipment and we have limited deck space on board, so they just contracted as many boats as they can for storage. We had 9....NINE boats floating around out here with shite scattered everywhere. They even had to have some of them loaded out at a different dock. On top of that, they didnt have any of our representatives at that secondary dock to oversee loading, so none of the equipment loaded out was documented on a manifest. So its constantly shuffling boats between cranes to pick this up and set this down and move this over to this other boat. Im a BCO so Im the one that deals with that. They had a golden opportunity to practice what they preach and focus on one job task at a time, but no. They just try to cram all of it into a 40 day shut in.
Its been this way since they beat out Chevron to buy Anadarko. A constant shite show.
Posted on 8/15/23 at 8:25 pm to im4LSU
Good lord! Yeah that sounds bad
Posted on 8/15/23 at 8:28 pm to Flightnclouds
That money they put in the Bidens’ pockets was a helluva investment for them.
Posted on 8/15/23 at 8:28 pm to ragincajun03
Coming from someone who is assisting with the acquisition, Occi is only doing this for the tax credits, which they will just sell. Similar to what Tesla was doing
This post was edited on 8/15/23 at 8:30 pm
Posted on 8/15/23 at 8:33 pm to im4LSU
But what have been the efficiency gains in the Permian? Wasn’t that the main reason for the acquisition?
Posted on 8/15/23 at 8:34 pm to Bayou_Tiger_225
quote:
Coming from someone who is assisting with the acquisition
Interesting…
This post was edited on 8/15/23 at 8:36 pm
Posted on 8/15/23 at 8:36 pm to ragincajun03
I could have shown them how to blow into a balloon and tie it off for $800 million.
Posted on 8/15/23 at 8:38 pm to Bayou_Tiger_225
quote:
the tax credits, which they will just sell. Similar to what Tesla was doing
Transferability is a new thing, Tesla had to go the OG tax equity route.
Posted on 8/15/23 at 8:42 pm to im4LSU
quote:
You would think that they just started planning this about 3 weeks ago. There are 4 total job scopes to be taken care of and instead of following what they preach and SLOWING DOWN, they try to do all 4 of them at the same time. All of these jobs require a shitpot of equipment and we have limited deck space on board, so they just contracted as many boats as they can for storage. We had 9....NINE boats floating around out here with shite scattered everywhere. They even had to have some of them loaded out at a different dock. On top of that, they didnt have any of our representatives at that secondary dock to oversee loading, so none of the equipment loaded out was documented on a manifest. So its constantly shuffling boats between cranes to pick this up and set this down and move this over to this other boat. Im a BCO so Im the one that deals with that. They had a golden opportunity to practice what they preach and focus on one job task at a time, but no. They just try to cram all of it into a 40 day shut in.
Look! It's a circus!!
Posted on 8/15/23 at 8:43 pm to jlovel7
(no message)
This post was edited on 8/15/23 at 9:02 pm
Posted on 8/15/23 at 8:44 pm to El Segundo Guy
quote:
I don't know much about Occidental other than my wife gets a quarterly oil check from them from land in West Texas.
Everyone on this website knows you're retired and very rich. You make glassman of 2010 blush
Posted on 8/15/23 at 8:55 pm to Tigerbythetale
Who wants to start a sod farm?
Posted on 8/15/23 at 8:59 pm to im4LSU
I’m on an asset in the western gulf. We can’t flow for longer than 2 weeks without having to shut in for something. Max POB all the time, more projects going on than we have people to watch them. It’s extremely overwhelming and frustrating. I miss the Anadarko days so much.
This post was edited on 8/15/23 at 9:04 pm
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