Posts Tagged ‘Gulf Of Mexico’

Tiber Prospect – Gulf Oil Well Discovery Is Deepest in World

250 MILES SOUTHEAST OF HOUSTON
BP taps into Tiber Prospect, estimated to have between 4 billion and 6 billion barrels of oil equivalent.

Nearly seven miles below the Gulf of Mexico, oil company BP has tapped into a vast pool of crude after digging the deepest oil well in the world.

The Tiber Prospect is expected to rank among the largest petroleum discoveries in the United States, potentially producing half as much crude in a day as Alaska’s famous North Slope oil field.

The company’s chief of exploration on Wednesday estimated that the Tiber deposit holds between 4 billion and 6 billion barrels of oil equivalent, which includes natural gas.

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Indiana Money Manager Mentally Fit For Trial

A troubled Indiana money manager accused of trying to fake his death and escape financial ruin by parachuting before crashing his plane is competent for a June trial, a federal judge ruled Thursday.

U.S. District Judge Roger Vinson ruled Marcus Schrenker, 38, should face trial on charges of intentionally crashing the single-engine Piper Malibu on Jan.

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