For a minute there I thought I had to get off my couch, when all the while the fact is we don't have to do anything much but keep things afloat for just a few decades more! In fact, we'd best shut up about PO, because if our offspring finds out we knew about it all along, they'll turn and wring our necks come 2036!
Posted: Sat May 03, 2008 2:12 am Post subject: Appropriately Named Chevron Project in Gulf Delayed
Just couldn't resist:
Quote:
Chevron Corp., the second-largest U.S. oil company, said the start of production from a $1.4 billion project in the Gulf of Mexico will be delayed to the second half of this year.
The oil development, called Blind Faith, is being slowed by a problem with its mooring lines, company spokesman Jim Aleveras told investors today on a conference call. It was scheduled to begin producing oil by the end of June.
Posted: Sat May 03, 2008 7:37 pm Post subject: Re: Appropriately Named Chevron Project in Gulf Delayed
Quote:
Blind Faith is Chevron's costliest Western Hemisphere project among those that are scheduled to commence production this year. The company postponed four of its biggest projects last year amid a worldwide scarcity of rigs and escalating costs that have postponed developments from Australia to Alberta.
``This is an industrywide problem that's affecting not just Chevron,'' said William Andrews, a portfolio manager at C.S. McKee & Co., which oversees $7.7 billion, including Chevron shares. ``Just about everybody else is dealing with similar issues.''
I wonder if the international oil companies are dragging their feet at all with these projects. I doubt it since they have always produced as fast as possible but maybe times are changin'.
Blind faith is listed on the megaprojects and somebody already has the start-up date for 9/2008.
Oil Megaprojects 2008
Joined: Apr 06, 2006 Posts: 2954 Location: 3 miles NW of Champoeg, Republic of Cascadia
Posted: Sat May 03, 2008 7:45 pm Post subject: Re: Appropriately Named Chevron Project in Gulf Delayed
S_C wrote:
Quick question ivanillich, what's that avatar you're using, a cave painting?
Looks more like the Shroud of a Nihilist:
So we're naming oil projects after rock supergroups now? What's next, the ELP field? _________________ Cogito, ergo non satis bibivi
I'm just gonna find a cash machine.
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