11/1/2010

Despite the U.S. government's guarantee to implement tougher deepwater-drilling rules, major oil companies are preparing to resume work in the Gulf of Mexico. Companies such as ExxonMobil, Chevron and Royal Dutch Shell depend on deepwater drilling in the Gulf, which is why they are willing to endure a longer permitting process and additional expenses that will arise from new rules. The companies detailed their Gulf drilling plans last week as they gave their quarterly earnings reports.

Full Story:
Forbes

Related Summaries