LONDON - The American oil giant Chevron said Friday that it was putting its flagship British deepwater development project under review, saying high costs might not make it viable to continue. Ms. Olson cautioned, "We are not exiting the Rosebank project." She said she was speaking only for Chevron, which owns 40 percent of the project. Chevron's capital spending was up 27 percent for the first nine months of 2013 compared with a year earlier, to $28.9 billion, as the company developed projects in Australia and the deep waters of the Gulf of Mexico. "For Chevron, every project has to generate a minimum economic return. As Rosebank is currently being modeled, it does not."
Source: NEW YORK TIMES
Link: http://nyti.ms/Iml3rj
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Look its flight BA475 from Barcelona British Airways install interactive billboards where children point up and tell you where the plane took off - daily mail
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Better buy British - financial times
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