Oil groups form $1bn spill response unit | FT.com
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Four of the world’s biggest oil companies - ExxonMobil, Royal Dutch Shell, Chevron and ConocoPhillips - will announce Thursday that they are pooling $1bn to form a joint venture to develop a deepwater Gulf of Mexico oil spill response and containment system.
Each will initially invest 25 per cent in a new standalone company, according to sources involved in the plans. BP has not been included.
http://www.ft.com/cms/s/0/73c055f0-94f6-11df-af3b-00144feab49a.html
Each will initially invest 25 per cent in a new standalone company, according to sources involved in the plans. BP has not been included.
http://www.ft.com/cms/s/0/73c055f0-94f6-11df-af3b-00144feab49a.html
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