Friday, April 21, 2017 1:57:56 PM
BP invests $9B in deepwater dev
http://www.houstonchronicle.com/business/article/BP-plans-9-billion-investment-in-Gulf-of-Mexico-10660039.php
BHP another $2.2B in deepwater dev
http://www.ogj.com/articles/2017/02/bhp-billiton-to-invest-2-2-billion-in-mad-dog-phase-2.html
Thats a lot of money for their BODs to approve for deepwater expansion, when they could invest that in shale.
Looks like the "age of the multi-billion dollar mega projects" is not over. All signs point to new tech, capabilities, and further deepwater reach. Sure shale was hot, but Ray's bigger problem in not signing an operating partner was such an aggressive timeline...thanks to Tullow shitting the bed. Anyone who has worked at a mid-large sized operator knows the planning, contracting, and approvals requirements. The speed at which HDYN and HDM was able to tender and contract everything in a 3rd world country is very impressive. The speed at which they have processed PSC amendments and obtained gov and partner approval is also notable.
FEATURED Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM
One World Products, Inc. Issues Shareholder Update • OWPC • May 29, 2024 8:20 AM
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM