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Chevron equipment loss in rough seas challenges growth plan
2015-06-03 06:27:42| Oil & Gas - Topix.net
Chevron indefinitely delayed a $5.1 billion oil development in the U.S. Gulf of Mexico after an equipment failure, casting doubt on the company's ability to meet its target of 20 percent output growth by the end of 2017. Some of the cables needed to tether a floating platform to the seafloor sank between May 29 and May 31, the San Ramon-based company said in a statement Monday.
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Category:Energy and Environment
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