Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.
The Mexican energy reform proposal released Saturday afternoon offers the critical terms sought by international investors, offering overseas companies the right to share in risks and rewards of Mexican exploration, an analyst said Sunday.
Many accountants would get lost in the plush garden of oil and gas acronyms, insider terminology and generally obscure language.
So would Jeff Labay — if his father hadn’t scooped him up more than a decade ago for a gig as a floor hand on an oil rig.
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