In Gulf of Mexico, oil industry regains footing


HOUSTON — Four years after the world watched more than 200 million gallons of oil gush from a damaged well about a mile beneath the surface of the Gulf of Mexico, the offshore drilling industry here is experiencing a rebirth.
There are more active drilling rigs in the Gulf of Mexico now than there were before BP’s Deepwater Horizon spill. Major oil companies like Exxon Mobil, Chevron — even BP — are spending billions of dollars developing deep-water fields that are projected to almost double the flow of oil over the next decade.
“We’re projecting out to 2020, and our clients are saying as... read more

 
18 March 2014 in Business, Views: 6
Source: Dallas News
 


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