October 31, 2009

SEEK AND YE SHALL FIND:

In the Oil Patch, a Tale of Have and Have Not (THOMAS CATAN And BERND RADOWITZ, 10/30/09, WSJ)

For years, Repsol YPF SA was derided as the oil company with no oil, but its gamble on boosting exploration has paid off handsomely, with the Spanish company hitting the jackpot in Brazil, West Africa—and now the U.S.

Repsol is expected to announce Friday a new oil discovery in the Gulf of Mexico that it says will boost production from its Shenzi field and help reduce U.S. dependence on foreign oil.

Posted by Orrin Judd at October 31, 2009 6:16 AM
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