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Chevron announces “significant” oil discovery in deepwater Gulf of Mexico

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Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. Anchor is located approximately 140 miles (225 km) off the coast of Louisiana. Anchor co-owners are Cobalt International Energy, Inc. (20%),

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Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

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The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.

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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

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Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Malo development is located approximately 280 miles (450 km) south of New Orleans, Louisiana, in 7,000 feet (2,134 m) of water. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. billion.

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Chevron announces oil discovery in deepwater US Gulf of Mexico

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Chevron Corporation announced a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico. 1 encountered more than 380 feet of net pay in the Lower Tertiary Wilcox Sands. The Keathley Canyon Block 736 Well No.

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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

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Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m). First oil is anticipated in 2014. Chevron, through its subsidiary Chevron USA Inc.,

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Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston

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have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. These supplies are accumulating in Cushing, which lacks southbound pipeline capacity to the largest US crude oil market on the Gulf Coast with more than two million barrels per day of refining capacity.

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NRC report concludes hydraulic fracturing poses low risk for causing earthquakes, but risks are higher for wastewater injection wells; CCS impact undetermined

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Hydraulic fracturing (“fracking”) extracts natural gas by injecting a mixture of water, sand, and chemicals in short bursts at high pressure into deep underground wells. CCS, due to the large net volumes of injected fluids, may have potential for inducing larger seismic events. —“Induced Seismicity Potential in Energy Technologies”.

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