May 24, 2005 — -- If there is any doubt we live in an oil-based economy, consider this: Chevron, the second-largest American oil company, spends $40 million a day just looking for the stuff ...

Petronius is located approximately 130 miles (200 km) southeast of New Orleans. Prior to Hurricane Ivan, Petronius averaged 42,000 gross barrels of crude oil and 65 million gross cubic feet of ...

ChevronTexaco's Petronius platform is back on line after 42,000 b/d of crude oil and 65 MMcfd of gas production was shut in due to severe damage from Hurricane Ivan in September. HOUSTON, Mar. 17 ...

Texaco Inc. has begun commercial production of oil and natural gas at the Petronius project in the Gulf of Mexico. Installation of the Petronius platform, 130 miles southeast of New Orleans, was ...

The Petronius platform has maximum production capacity of 60,000 barrels of oil per day and 100 million cubic feet of gas per day, and is expected to begin production by October 2000.