BP to Halliburton in 'barroom brawl' as drillers slash costs
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
MAD Dog, BP plc's drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry's war on cost.
When the British oil giant announced the project's second phase in 2011, it put the price at US$20 billion. Last month, after simplifying plans and benefiting from a sharp drop in everything from steel to drilling services, chief executive officer Bob Dudley said that he could do the job for US$9 billion.
Share with us your feedback on BT's products and services
TRENDING NOW
Aiming at China, Malaysia puts new restrictions on electric cars
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
