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The new owner of ExxonMobil’s southern Santa Barbara County offshore oil platforms wants to restart operations this year. Sable Offshore Corp. formed
Take L.A. oilman C.C. Julian, who oversold oil stock and left people destitute and dead. Or Simon Homburg, who flipped sheer mountain lots to unwitting out-of-towners.
StatoilHydro's board of directors has given the green light for its first project in the deepwater Gulf of Mexico (GOM), Caesar Tonga Project, which is to be operated by Anadarko Petroleum Corp.
Chesapeake Energy Corp. last week completed the sale of its Woodford Shale assets in the Arkoma Basin to BP America Inc. for $1.7 billion in cash, and now it is looking for joint venture partners to share the costs and the rewards in its Fayetteville and Marcellus shale plays.
The L.A. City Council passed an ordinance Friday that requires the phaseout of oil drilling in the city within 20 years.