Saturday, 10 March 2018

In Decline, Offshore Drillers Find a Champion in the Trump Administration

PORT FOURCHON, La. — A dozen miles off the coast, on a rusty, aging platform, workers in hard hats and overalls spend their days extracting oil and gas from the ocean floor before retreating at night into tiny weather-beaten steel cubes that act as dorms.
The platform, owned by a Houston-based energy company that until recently was bankrupt, has none of the grandeur — or profits — of the deep-sea structures over 100 miles offshore that are operated by international giants like Exxon Mobil and Chevron.

Source: Nytimes

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