The man who headed BP for the 2010 Gulf Oil Spew will lead The Carlyle Group's deepwater exploration off Egypt. OilPrice reported:
During the meeting with Egyptian officials this week, Carlyle’s representatives said that the North African country provides attractive investment opportunities, and Carlyle intends to use advanced technologies for deepwater exploration activities.
Carlyle plans to boost production of oil and gas in Egypt and turn it into a hub for receiving and distributing the group’s production in the Mediterranean.
Egypt, for its part, is currently looking to import in the coming months the highest number of LNG cargoes in years as it looks to ease the strain on its grid and industry amid energy shortages that have led to rolling blackouts this summer.
Let's review Hayward's leadership right after the rig explosion:
"The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume".
"It is impossible to say and we will mount, as part of the aftermath, a very detailed environmental assessment but everything we can see at the moment suggests that the overall environmental impact will be very, very modest."
"The first thing to say is I'm sorry. We're sorry for the massive disruption it's caused their lives. There's no one who wants this over more than I do. I would like my life back."
Eleven workers died in the rig explosion and family members found Hayward's comments insensitive and offensive. It sealed Tony's wanker status with the common person. The Carlyle Group, a politically connected private equity underwriter (PEU) felt otherwise, hiring Hayward in 2016.
Consequences? There are no consequences for the PEU boys. Hayward got his "life back" and more. It's like they have immunity with imPEUunity.
Someone should warn the Egyptians. Tony can destroy a Delta in his search for alpha. It's what leviathans do.
The Carlyle Group knows because it's one, reshaping the world for ever increasing power and profit. Lord, make it stop.
Update 7-4-24: ZeroHedge reported:
Egypt is now undergoing a mass structural transformation, with millions of people plunged into poverty and wealth accumulating in the hands of a few, namely the military elites and their cronies.
The piece mentioned a $35 billion investment from the United Arab Emirates. Carlyle's Harvey Schwartz and David Rubenstein just spoke about being in Dubai at the Forbes Iconoclast Summit.
Update 10-25-24: Reuters reported:
Energean has added a second oil production unit to a floating production vessel off Israel which is set to boost its crude output by up to two-thirds in the coming months.
....increase oil production to 20,000 to 25,000 barrels per day, from around 15,000 bpd today.
Production at Karish, which is close to Israel's maritime border with Lebanon, has been largely uninterrupted since the start of the Middle East conflict on Oct. 7. In July, the Israeli military said it had shot down a drone launched from Lebanon which it said was heading to the Energean FPSO
