US approves first deep-water well in Gulf

01-Mar-2011

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Mr. Gao co-found and became the CFO at Oxstones Capital Management. Mr. Gao currently serves as a director of Livedeal (Nasdaq: LIVE) and has served as a member of the Audit Committee of Livedeal since January 2012. Prior to establishing Oxstones Capital Management, from June 2008 until July 2010, Mr. Gao was a product owner at Procter and Gamble for its consolidation system and was responsible for the Procter and Gamble’s financial report consolidation process. From May 2007 to May 2008, Mr. Gao was a financial analyst at the Internal Revenue Service’s CFO division. Mr. Gao has a dual major Bachelor of Science degree in Computer Science and Economics from University of Maryland, and an M.B.A. specializing in finance and accounting from Georgetown University’s McDonough School of Business.







NEW YORK

The U.S. has approved the first deep-water drilling permit in the Gulf of Mexico since last year’s massive oil spill.

The Bureau of Ocean Energy Management, Regulation and Enforcement says the permit is to continue work on a well about 70 miles southeast of Venice, La.

Noble Energy Inc. is the operator of the well. The company started drilling on the well four days before the Deepwater Horizon exploded. Drilling activity was suspended on June 12 when the U.S. placed a moratorium on deep-water exploration.

 


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