Valve Magazine

Wed04162014

Last updateWed, 16 Apr 2014 1pm

Oil Giants Form Joint Oil-Spill-Fighting Venture Without BP

Exxon Mobil Corp., Royal Dutch Shell PLC, Chevron Corp. and ConocoPhillips plan to build a rapid-response system to help contain future blown-out oil wells in the Gulf of Mexico.

The four companies will form the nonprofit Marine Well Containment Co., setting aside $1 billion to develop a system that mobilizes within 24 hours of a blown oil well in water up to 10,000 feet deep to capture up to 100,000 barrels a day.

Source: Market Watch

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Valve Magazine Digital Edition

14 wnt cover 160x214Inside the Winter 2014 issue…

• Compression Packing Friction
• Wireless Technology
• Purchasing Standards
• New EPA Concerns

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