| View previous topic :: View next topic |
| Author |
Message |
ivanillich
Tar Sands
Joined: May 27, 2007
Posts: 34
|
 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. |
Bloomberg |
|
| Back to top |
|
 |
cube
Fusion
![]()
Joined: Mar 12, 2005
Posts: 3561
|
| Posted: Sat May 03, 2008 3:10 am Post subject: Re: Appropriately Named Chevron Project in Gulf Delayed |
|
|
"Blind Faith"?
I seriously thought it would be something from www.theonion.com
but nope it's for real! |
|
| Back to top |
|
|
steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2460
Location: MA
|
| Posted: Sat May 03, 2008 9:08 am Post subject: Re: Appropriately Named Chevron Project in Gulf Delayed |
|
|
| cube wrote: | "Blind Faith"?
I seriously thought it would be something from www.theonion.com
but nope it's for real! |
Great name, really says it all! 
------------------------------------------------------------------------------
Quick question ivanillich, what's that avatar you're using, a cave painting?
 |
|
| Back to top |
|
|
GoghGoner
Heavy Crude
Joined: Apr 10, 2008
Posts: 411
|
| 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 |
|
| Back to top |
|
|
TheDude
Expert
Joined: Apr 06, 2006
Posts: 3330
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 will not abide another toe. |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
