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Exxon Mobil estimates it will fill onsite storage at a stranded processing plant in less than one month and need to cease both natural gas and crude production in the area.
Three more tendons sank to the ocean floor, adding to the problems that Chevron has been working for more than a week to assess. In addition, all six of the massive buoys holding the tendons in place have also sank, including the portion of one that was adrift.
Claims administrator Patrick Juneau says there has been an uptick in the number of filings as the deadline approached. He said claims centers in Florida, Mississippi, Alabama, Louisiana and Texas will be open until midnight to handle claims.
Nearly 1,200 pages of records, filed with state regulators by Plains All American Pipeline, detail a range of defenses the company established to guard against crude oil spills and, at the same time, prepare for the worst should a spill occur.
Xodus Subsea launched in October as a global energy engineering firm with plans to quickly establish a North American headquarters in Houston and grow.
But then the collapse in oil prices sped up. Fast forward a few months and London-based Xodus Subsea has a new Houston leadership team in place, although the growth plans have slowed along with the overall energy market.
A federal jury has found a former BP executive not guilty of making false statements to investigators in connection with the 2010 Gulf of Mexico oil spill.
Energy companies grew a little too fat and happy during time of $100 a barrel oil prices, but they have quickly turned a corner to become much more efficient, energy executives said at a Calvetti Ferguson law firm forum.
Spokesman Paul Jackson said the cuts are not related to a review by United Technologies of whether to sell, spin off or divest Sikorsky. A decision is expected to be announced in about a month.
Production won’t start later this year as planned because the company has to move the platform to sheltered waters while it assesses the problem.
Houston-based Endeavour said Monday it launched a marketing process to sell its United Kingdom-based North Sea assets. The announcement came after Endeavour previously said in April that it put its U.S. assets up for sale. All of Endeavour’s operations are in the North Sea and U.S. shale.