Chevron (NYSE: CVX) Reconsiders North Sea Drilling Efforts
Chevron is suspending its $10 billion Rosebank deepwater drilling efforts off of the Shetland Islands to the northeast of England. The project has been placed under review by the company because of its prohibitively high costs.
Norwegian energy company Statoil ASA is also delaying its investment into UK-area North Sea drilling. Representatives from Statoil said they have “reconsidered the concept,” and have temporarily shelved the multi-billion dollar project.
All told, these delays amount to just under $20 billion in UK drilling projects which would yield important tax revenue until 2015.
Robots Are Changing the World Today
Our need for doctors is growing faster than our actual supply of them. At current rates, our medical facilities will be understaffed by a more than 130,000 by 2025. But robot doctors will be there to pick up the slack. Robot Doctors? You heard it here first.