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After its Main Pass Energy Hub (MPEH) proposed offshore liquefied natural gas project was denied by Louisiana Gov. Kathleen Blanco early last month, McMoRan Exploration Co. said Thursday it has amended its license application in order to obtain approval.
Freeport-McMoRan Inc. is looking for more buyers for a considerable U.S. onshore portfolio that would help pay down debt and expand development in the Gulf of Mexico (GOM).
Share: Freeport-McMoRan Inc. (NYSE:FCX) announced today with great sadness that James Robert "Jim Bob" Moffett of Austin, Texas passed away at the age of 82. Mr. Moffett served as Chairman of Freeport-McMoRan from 1984-2015 and CEO from 1984-2003. Mr. Moffett co-founded McMoRan Exploration Co. in 1969 with B. M. "Mack" Rankin, Jr. (deceased) and W. K. McWilliams (deceased). In 1981, under Mr. Moffett's leadership, McMoRan merged with Freeport Minerals Company to form one of the world's leading natural resource companies, Freeport-McMoRan Inc. (FTX), FCX's former parent company. "Jim Bob was a...
Moffett co-founded the internationally-known Fortune 500 exploration company and headquartered it in New Orleans, where he became a major business leader.
>> i've got a great american spot for a great american movement. they recently struck oil in the gulf of mexico. they are drilling for oil in american water, big time, i think this company is going to have more of those finds, mcmoran exploration. >> it's speculative and it's already way, way up. >> neil: so what are you doing? >> i confess, i completely underestimated the tea party movement which has accomplished a lot and become a real movement. one of the other people which are underestimating which is palm that got hammered. i think it's a buyout candidate. >> neil: ben, what do you think?...