Major oil Companies launch subsea well response project
BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total have signed an interim agreement to jointly develop well-capping technology.
BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total have signed an interim agreement to jointly develop well-capping technology.
The President’s plan includes increased development in the Gulf of Mexico and Alaska, as API recognises the strategy as progressive, but with significant limitations.
API believes that the new study understates the potential damage that would be caused should taxes on the US oil and gas industry be raised.