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 offshore Louisiana.
A Gulf Drilling Revival (Wall Street Journal, June 10, 2011; link may require subscription, which can be avoided if you search for article text on Google.)
The great energy irony of recent years is that governments have thrown hundreds of billions of dollars at wind, solar, ethanol and other alternative fuels, yet the major breakthroughs have taken place in the traditional oil and natural gas business. Hydraulic fracturing in shale, horizontal drilling and new seismic techniques are only the best known examples.
NRDC et al challenge Shell’s deepwater permit (Times-Picayune, June 9, 2011). Yes, this is the same Natural Resources Defense Council that was founded by John Bryson, President Obama’s nominee to be the next Secretary of Commerce.
Moe Lane
Victoria Coates
Daniel Horowitz
Dan Spencer
