Maersk Drilling Orders Industry’s First 20-ksi Deepwater Blowout Preventers for 2 Ultra-Deepwater Drilling Rigs Maersk Drilling (Ticker: MAERSK-B.CO) has ordered four blowout preventers (BOPs) and two risers from GE Oil and Gas (Ticker: GE). The GE Oil and Gas BOPs will make it possible for offshore drillers to safely and efficiently operate in high-pressure and high-temperature reservoirs up to 20,000
On Monday, June 23, the Supreme Court ruled against the Environmental Protection Agency’s (EPA) expansion of authority for the first time in years. The case was Utility Air Regulatory Group v. Environmental Protection Agency et al. A major part of the case was the EPA’s attempt to bypass Congressional support for any regulations it might want to pass. Justice Scalia
ExxonMobil (ticker: XOM) is the largest publicly traded international oil and gas company, with an estimated 25.2 billion BOE of reserves in its 2013 year-end report. The company has a market cap of approximately $441 billion and is the world’s largest refiner and marketer of petroleum products. ExxonMobil’s stock price opened at $104.25 per share on June 24, 2014 – a company
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