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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (82808)	12/24/2019 7:03:24 AM
From: Brumar89	Read Replies (1) \| Respond to of 86356

Two Majors Join Forces In The Next Great Oil FrontierBy Irina Slav - Dec 23, 2019, 9:30 AM CST Apache Corp. and French Total have struck a deal to jointly explore for oil offshore Suriname. Each will have 50 percent in the venture, with Apache leading as operator of the first three exploration wells and then transferring the operatorship to the French supermajor, Reuters reports. Apache had been conducting exploration work off the Suriname coast on its own, but results have been unsatisfactory. With a partner, it would now receive much-needed financial help, including $5 billion in cash carry for its first $7.5 billion of capital for appraisal and development of Block 58, as well as reimbursement of half of what it has spent on exploration in the area so far. Suriname does not have a history as an oil producer, but it is a neighbor of Guyana, and Guyana has become the focus of attention recently after Exxon and Hess made a string of oil discoveries offshore the tiny South American nation. Reserves in one block alone—Stabroek—have been estimated at more than 5 billion barrels of crude. Production from the Liza-1 well began last week, ahead of schedule, and should pump 120,000 bpd during its first phase of development. S&P Global Platts analysts estimate Guyana’s oil production at 160,000 bpd by 2023. Then, the second phase of development at Liza-1 will add another 180,000 to 200,000 bpd in new production. Earlier this year, S&P Global Platts reported Guyana’s neighbor, Suriname, was also beginning to attract the attention of oil companies looking for new discoveries. "The whole area appears to be characterized by excellent quality reservoirs," said Tullow Oil’s chief executive Paul McDade said in September, referring to the so-called Guyana-Suriname basin. In 2002, the U.S. Geological Survey estimated the oil resources in the basin at 12 billion barrels. It will conduct a new assessment in 2020. oilprice.com

To: Brumar89 who wrote (82808)	12/24/2019 4:33:38 PM
From: russet	Read Replies (2) \| Respond to of 86356

Shows just how much a religion being green is. The rich can buy their way into green heaven. Buy your way to Heaven! The Catholic Church brings back indulgences aol.com JASON COCHRAN, AOL.COM Feb 10th 2009 5:00PM These days, you can get a deal on anything. Even salvation! Pope Benedict has announced that his faithful can once again pay the Catholic Church to ease their way through Purgatory and into the Gates of Heaven. Never mind that Martin Luther fired up the Reformation because of them: Plenary Indulgences are back. The New York Times reports that even though the church officially broke with the age-old practice -- you do something good, and the Church will help absolve you -- in 1960, the Pope has quietly reintroduced it. The Catholic Church had technically banned the practice of selling indulgences as long ago as 1567. As the Times points out, a monetary donation wouldn't go amiss toward earning an indulgence. It writes, "charitable contributions, combined with other acts, can help you earn one." You can even buy indulgences this way for loved ones who are already dead, greasing their way to Heaven by doing something for the Church here on Earth. Why would the Catholic Church agree to this reversal? It wouldn't be the harsh economy, would it, or the church's fading influence? Not at all, says a Brooklyn bishop. "Because there is sin in the world," he told the newspaper. Reformation? What Reformation?