# Big Four Oil Forms $1 Billion Ventire to Fight Gulf Oil Spills

**URL:** <https://forum.gcaptain.com/t/big-four-oil-forms-1-billion-ventire-to-fight-gulf-oil-spills/4489>\
**Category:** Admiralty Law\
**Created:** [August 2, 2010, 2:36pm UTC](https://forum.gcaptain.com/t/big-four-oil-forms-1-billion-ventire-to-fight-gulf-oil-spills/4489 "2010-08-02T14:36:30Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Jones\_Act](https://avatars.discourse-cdn.com/v4/letter/j/ea666f/32.png) [@Jones\_Act](https://forum.gcaptain.com/u/Jones_Act)\
**Post date:** [August 2, 2010, 2:36pm UTC](https://forum.gcaptain.com/t/big-four-oil-forms-1-billion-ventire-to-fight-gulf-oil-spills/4489/1 "2010-08-02T14:36:30Z")

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Four of the world’s biggest oil companies said Wednesday, July 28, that they have formed a new joint venture to fight deepwater gulf spills. The four oil companies are Exxon, Shell, Chevron and ConocoPhillips. Each will contribute 25 percent to a $1 billion company that would be able to mobilize a response within 24 hours to capture and contain deep-sea oil spills. The joint venture does not include BP. [[B]Read more.[/B]](http://www.offshoreinjuries.com/blog/1141/oil-companies-form-1-billion-venture-to-fight-deepwater-gulf-spills/)