November 27, 2014, 12:12 pm
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1 Philippine Peso = 0.08166 UAE Dirham
1 Philippine Peso = 2.49378 Albanian Lek
1 Philippine Peso = 0.0398 Neth Antilles Guilder
1 Philippine Peso = 0.18946 Argentine Peso
1 Philippine Peso = 0.02601 Australian Dollar
1 Philippine Peso = 0.0398 Aruba Florin
1 Philippine Peso = 0.04446 Barbados Dollar
1 Philippine Peso = 1.71921 Bangladesh Taka
1 Philippine Peso = 0.03497 Bulgarian Lev
1 Philippine Peso = 0.00838 Bahraini Dinar
1 Philippine Peso = 34.2819 Burundi Franc
1 Philippine Peso = 0.02223 Bermuda Dollar
1 Philippine Peso = 0.02885 Brunei Dollar
1 Philippine Peso = 0.15362 Bolivian Boliviano
1 Philippine Peso = 0.05558 Brazilian Real
1 Philippine Peso = 0.02223 Bahamian Dollar
1 Philippine Peso = 1.37567 Bhutan Ngultrum
1 Philippine Peso = 0.20415 Botswana Pula
1 Philippine Peso = 242.32992 Belarus Ruble
1 Philippine Peso = 0.04435 Belize Dollar
1 Philippine Peso = 0.02501 Canadian Dollar
1 Philippine Peso = 0.02137 Swiss Franc
1 Philippine Peso = 13.32125 Chilean Peso
1 Philippine Peso = 0.13648 Chinese Yuan
1 Philippine Peso = 48.1325 Colombian Peso
1 Philippine Peso = 11.95087 Costa Rica Colon
1 Philippine Peso = 0.02223 Cuban Peso
1 Philippine Peso = 1.93753 Cape Verde Escudo
1 Philippine Peso = 0.4901 Czech Koruna
1 Philippine Peso = 4.04624 Djibouti Franc
1 Philippine Peso = 0.13226 Danish Krone
1 Philippine Peso = 0.98032 Dominican Peso
1 Philippine Peso = 1.90874 Algerian Dinar
1 Philippine Peso = 0.27815 Estonian Kroon
1 Philippine Peso = 0.15899 Egyptian Pound
1 Philippine Peso = 0.44722 Ethiopian Birr
1 Philippine Peso = 0.01778 Euro
1 Philippine Peso = 0.0433 Fiji Dollar
1 Philippine Peso = 0.01407 Falkland Islands Pound
1 Philippine Peso = 0.01408 British Pound
1 Philippine Peso = 0.07053 Ghanaian Cedi
1 Philippine Peso = 0.95843 Gambian Dalasi
1 Philippine Peso = 156.29169 Guinea Franc
1 Philippine Peso = 0.16953 Guatemala Quetzal
1 Philippine Peso = 4.57314 Guyana Dollar
1 Philippine Peso = 0.17239 Hong Kong Dollar
1 Philippine Peso = 0.47132 Honduras Lempira
1 Philippine Peso = 0.13643 Croatian Kuna
1 Philippine Peso = 1.03469 Haiti Gourde
1 Philippine Peso = 5.45643 Hungarian Forint
1 Philippine Peso = 271.6763 Indonesian Rupiah
1 Philippine Peso = 0.08611 Israeli Shekel
1 Philippine Peso = 1.37328 Indian Rupee
1 Philippine Peso = 25.81147 Iraqi Dinar
1 Philippine Peso = 596.70965 Iran Rial
1 Philippine Peso = 2.75033 Iceland Krona
1 Philippine Peso = 2.51556 Jamaican Dollar
1 Philippine Peso = 0.01568 Jordanian Dinar
1 Philippine Peso = 2.61727 Japanese Yen
1 Philippine Peso = 2.00311 Kenyan Shilling
1 Philippine Peso = 1.28004 Kyrgyzstan Som
1 Philippine Peso = 90.26234 Cambodia Riel
1 Philippine Peso = 8.74334 Comoros Franc
1 Philippine Peso = 20.00889 North Korean Won
1 Philippine Peso = 24.56092 Korean Won
1 Philippine Peso = 0.00647 Kuwaiti Dinar
1 Philippine Peso = 0.01823 Cayman Islands Dollar
1 Philippine Peso = 4.0229 Kazakhstan Tenge
1 Philippine Peso = 178.91285 Lao Kip
1 Philippine Peso = 33.64829 Lebanese Pound
1 Philippine Peso = 2.91518 Sri Lanka Rupee
1 Philippine Peso = 1.85638 Liberian Dollar
1 Philippine Peso = 0.24378 Lesotho Loti
1 Philippine Peso = 0.06138 Lithuanian Lita
1 Philippine Peso = 0.01132 Latvian Lat
1 Philippine Peso = 0.02673 Libyan Dinar
1 Philippine Peso = 0.19613 Moroccan Dirham
1 Philippine Peso = 0.33348 Moldovan Leu
1 Philippine Peso = 1.09815 Macedonian Denar
1 Philippine Peso = 22.98799 Myanmar Kyat
1 Philippine Peso = 41.96309 Mongolian Tugrik
1 Philippine Peso = 0.17757 Macau Pataca
1 Philippine Peso = 6.45843 Mauritania Ougulya
1 Philippine Peso = 0.7092 Mauritius Rupee
1 Philippine Peso = 0.34149 Maldives Rufiyaa
1 Philippine Peso = 10.93375 Malawi Kwacha
1 Philippine Peso = 0.3052 Mexican Peso
1 Philippine Peso = 0.0745 Malaysian Ringgit
1 Philippine Peso = 0.24395 Namibian Dollar
1 Philippine Peso = 3.93175 Nigerian Naira
1 Philippine Peso = 0.59093 Nicaragua Cordoba
1 Philippine Peso = 0.15179 Norwegian Krone
1 Philippine Peso = 2.21165 Nepalese Rupee
1 Philippine Peso = 0.02823 New Zealand Dollar
1 Philippine Peso = 0.00856 Omani Rial
1 Philippine Peso = 0.02223 Panama Balboa
1 Philippine Peso = 0.06485 Peruvian Nuevo Sol
1 Philippine Peso = 0.05666 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.26323 Pakistani Rupee
1 Philippine Peso = 0.07429 Polish Zloty
1 Philippine Peso = 103.22766 Paraguayan Guarani
1 Philippine Peso = 0.08095 Qatar Rial
1 Philippine Peso = 0.07852 Romanian New Leu
1 Philippine Peso = 1.05308 Russian Rouble
1 Philippine Peso = 15.31792 Rwanda Franc
1 Philippine Peso = 0.08343 Saudi Arabian Riyal
1 Philippine Peso = 0.16616 Solomon Islands Dollar
1 Philippine Peso = 0.31503 Seychelles Rupee
1 Philippine Peso = 0.12633 Sudanese Pound
1 Philippine Peso = 0.1645 Swedish Krona
1 Philippine Peso = 0.02885 Singapore Dollar
1 Philippine Peso = 0.01408 St Helena Pound
1 Philippine Peso = 0.49369 Slovak Koruna
1 Philippine Peso = 97.59893 Sierra Leone Leone
1 Philippine Peso = 17.11872 Somali Shilling
1 Philippine Peso = 436.63851 Sao Tome Dobra
1 Philippine Peso = 0.19445 El Salvador Colon
1 Philippine Peso = 3.78835 Syrian Pound
1 Philippine Peso = 0.24392 Swaziland Lilageni
1 Philippine Peso = 0.72832 Thai Baht
1 Philippine Peso = 0.04082 Tunisian Dinar
1 Philippine Peso = 0.04447 Tonga Pa'ang
1 Philippine Peso = 0.04914 Turkish Lira
1 Philippine Peso = 0.14111 Trinidad Tobago Dollar
1 Philippine Peso = 0.68688 Taiwan Dollar
1 Philippine Peso = 38.65051 Tanzanian Shilling
1 Philippine Peso = 0.33299 Ukraine Hryvnia
1 Philippine Peso = 61.69409 Ugandan Shilling
1 Philippine Peso = 0.02223 United States Dollar
1 Philippine Peso = 0.52401 Uruguayan New Peso
1 Philippine Peso = 53.38128 Uzbekistan Sum
1 Philippine Peso = 0.13979 Venezuelan Bolivar
1 Philippine Peso = 475.43353 Vietnam Dong
1 Philippine Peso = 2.20209 Vanuatu Vatu
1 Philippine Peso = 0.05437 Samoa Tala
1 Philippine Peso = 11.65778 CFA Franc (BEAC)
1 Philippine Peso = 0.06003 East Caribbean Dollar
1 Philippine Peso = 11.69075 CFA Franc (BCEAO)
1 Philippine Peso = 2.12428 Pacific Franc
1 Philippine Peso = 4.77779 Yemen Riyal
1 Philippine Peso = 0.24361 South African Rand
1 Philippine Peso = 115.3735 Zambian Kwacha
1 Philippine Peso = 8.0458 Zimbabwe dollar

Gulf of Mexico set for oil supply surge

CORPUS CHRISTI, Texas – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.
 
Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas’s Eagle Ford formation in terms of growth.
 
The revival began this summer, when Royal Dutch Shell’s 100,000 barrels per day Olympus platform was towed out to sea 130 miles south of New Orleans – the first of seven new ultra-modern systems starting up through 2016. It weighs 120,000 tons, more than 200 Boeing 777 jumbo jets.
 
The Gulf Of Mexico’s growth will bolster the United States’ emerging role as the world’s top oil and gas producer, a trend led by advances in hydraulic fracturing and horizontal drilling that unlock hydrocarbons from tight rock reservoirs in places like North Dakota’s Bakken and the Permian of West Texas.
 
Rising domestic production and the start of natural gas exports may transform the economy and realign geopolitics as U.S. reliance on foreign oil declines.
 
The resurgence in the Gulf is occurring even though the U.S. government imposed stringent safety and environmental rules after BP Plc’s Macondo spill. Foreign countries from Brazil to Angola have also aggressively courted
Big Oil to invest in developing their offshore fields. And the shale boom has diverted billions of dollars in capital onshore.
 
The deepwater Gulf, considered the most technically challenging offshore oil patch, remains alluring even as other areas struggle. Brazil attracted only a single bid this month for its once-touted Libra field, yet global companies still compete fiercely for the right to drill in the Gulf.
 
“A barrel of discovered oil in the Gulf of Mexico is difficult to beat for value anywhere else, even with the increased costs of doing business,” said Jez Averty, senior vice president of North American exploration at Norway’s Statoil .
 
Huge finds over the last decade – in what engineers call “elephant fields” that can produce for 25 years or more – are lifting growth in a basin some companies once abandoned, fearing it was drying up or its resources were beyond reach.
 
“This is still one of the premier oil and gas regions in the world and that’s why we’ve never left,” said Steve Thurston, vice president of Chevron Corp’s North American exploration and production division.
 
Even after decades of production in the Gulf, government estimates have shown that 48 billion barrels could still be recovered.
 
The area of the Gulf of Mexico where most of the new infrastructure will start up is in an ancient geological trend in its deepest waters 200 miles or more from shore known as the Lower Tertiary, estimated to hold 15 billion barrels of crude.
 
Appraisals in the Gulf’s Lower Tertiary have shown fields that could have half a billion barrels or more of oil, like Exxon Mobil Corp’s Hadrian, estimated to hold up to 700 million barrels, or Anadarko Petroleum Corp’s
Shenandoah, which tests this year showed could hold up to three times more than initial estimates of 300 million barrels.
 
The potential bounty of massive deposits that can produce for a quarter century or more is what keeps players coming even though a single well that bores tens of thousands of feet through thick salt and rock to strike oil – or a dry hole – can cost $130 million or more.
 
By contrast, an onshore well costs about $8 million to drill – but may only produce a trickle of oil for a few years.
 
Chevron’s Jack/St. Malo project, which will tie a platform to the ocean floor 7,000 feet below the surface and tap a reservoir 26,000 feet deep, costs $7.5 billion.
 
It may become the biggest such platform in the world after shipping out later this year, with the ability to double its initial 170,000 bpd capacity. It will be followed next year by Chevron’s second new platform, Big Foot, to be secured to the sea floor by 16 miles of interlocking metal strands, or tendons.
 
In addition to projects by Anadarko Petroleum Corp and Williams Cos, private equity firm Blackstone Energy Partners will join the game. In 2015, Blackstone’s partner LLOG Exploration aims to start up Delta House – named for the boisterous fraternity in the film “Animal House” – less than 10 miles from BP’s plugged Macondo well.
 
Delta House will pump oil from the Marmalard and Bluto fields, namesakes of characters in the movie.
 
Three years ago, some analysts thought the post-Macondo Gulf would have fewer players as stricter regulations and higher operating chilled activity, particularly for smaller companies.
 
Producers must now provide more detailed plans for offshore operations, submit to more frequent inspections and prove they have access to a rapid-response system to cap a gushing well. More than 4 million barrels of oil poured into the sea for 87 days after the Macondo well blowout killed 11 men.
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