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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico Lease OCS Sale 187 in 2003. Click to enlarge. —Joseph H.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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It would also force foreign suppliers to seek other markets for all or part of the exports they previously sent to the U.S. If, as seems increasingly likely, the ban on crude exports is lifted, U.S. crude will compete with Russian crude in several key markets. In regard to natural gas, its explosive output growth in the U.S.

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