Hints and tips:
...Wind back a decade and BP’s early cost estimates for the Deepwater Horizon disaster came to less than $8bn....
...Similarly, with Total and Apache’s project offshore Suriname in the same basin....
...Apache’s successful drilling results sent its stock up sharply. But it was hardly a cause to celebrate for US shale — the wells are in Suriname....
...The country is looking to mirror its neighbour Guyana, where ExxonMobil recently started production from deepwater oil blocks....
...This is a legacy of the tens of billions BP has had to pay out because of the Deepwater Horizon spill....
...The swagger marked the energy major’s big comeback into the US after the 2010 Deepwater Horizon disaster....
...The acreage was one of the first assets the company offloaded, selling it to Apache in a deal worth $3.1bn, as it sought desperately to raise cash to cover the costs of stopping and cleaning up the spill...
...Apache, which also missed revenue estimates, lowered its daily production forecasts following the sale of its Canadian assets last month....
...Deepwater acreage is considered the “crown jewel” of the country’s energy prospects, but vast shallow-water finds can have positive spillovers for all offshore fields....
...Zama is twice as big as Trion, a deepwater field in the north of the Gulf that BHP Billiton partnered with Pemex to develop, in the first joint venture in the Mexican company’s 79-year history....
...Even before its venture into US shale, BHP was unusual among miners in having a significant oil business, based largely on deepwater fields around Australia and the Gulf of Mexico....
...Ratings for Chevron as well as EOG Resources, Apache and Devon Energy, three large independent oil and gas producers, were cut but remained investment grade....
...But it shows oil companies are keen to bet on Mexico — an encouraging sign as the government hopes to entice big players and big bucks for its key deepwater auction next year....
...Potential US-listed targets that have shale assets include Anadarko Petroleum, Apache, Devon Energy and Hess....
...Also this week, a former BP engineer became the first person from the company to be convicted for an offence related to the 2010 Deepwater Horizon disaster....
...But Mr Dudley insisted on Tuesday that BP, still emerging from a divestment programme prompted by the Deepwater Horizon disaster, was emerging as a more “shareholder-friendly company”....
...And earlier this year, US-based Apache pulled out of a project to explore for oil and gas on the East Coast....
...Apache, the US business, sold a stake in its Egyptian operations to Sinopec, the Chinese state oil company, for $3.1bn last week....
...Libra deepwater oilfield in an auction on Monday....
...Typical of this was US company Apache’s announcement last month that it was selling a 33 per cent stake in its Egyptian oil interests to Sinopec for $3.1bn....
...Mr Dhir said Delonex would avoid the deepwater exploration that has driven some of the excitement over the region’s potential to emerge as a leading supplier of oil and liquefied natural gas....
...Bob Daniels, Anadarko’s senior vice-president for deepwater and international exploration, highlighted evidence that the Shenandoah field had “reservoir rock and fluid properties of much higher quality than...
...Schlumberger, for example, enjoys a market capitalisation just less than BP’s, in excess of ConocoPhillips and well in excess of the next tier of US-listed oil producers such as Apache, Anadarko and Marathon...
...* Brazil cuts interest rates to new low * Mexico reports first deepwater oil strike * Chile court blocks Batista’s power project * Gazprom freezes Arctic gas project * Engineer gets 4 years in Motorola...
...debut heralds East Africa’s first oil Apache Corp will drill Kenya’s first deepwater oil well next month, a prospect that could add a $70bn crude find to the record natural-gas discoveries along East Africa...
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