There is something absurdly ironic when climate change caused by the oil industry leads to the melting of ice, which in turn leads to more land or sea being available to explore for oil and gas.
The latest country to be affected is Greenland, where oil companies have begun looking for crude deposits off the west […]

After 10 years of delays since oil was discovered off the Falkland islands, oil companies are planning to start drilling within the next 12 months.
The move follows the conclusion of lengthy, but successful, tests by geologists and significant cash injections by two major oil companies which plan to bring rigs to the islands by […]

Statoil, the Norwegian national oil company, has begun a two-year drilling programme in Arctic waters to determine the potential of Norway’s share of one of the world’s few remaining unexplored oil prospects.
It also hopes to co-operate with Russian companies such as Gazprom to find oil and gas further into the Arctic, including areas disputed between […]

Australian mining giant, BHP Billiton says it has acquired a 40% interest in 14 offshore exploration and production licenses in the Falkland Islands in the South Atlantic.
The 14 production licenses cover approximately 18 million acres located in water depths ranging from approximately 200 to 2,000 meters. BHP Billiton is the designated operator, starting in […]

The Arctic rush is well and truly on. Hot on the heels of Russia and Canada, Denmark has now started a new polar expedition to explore the region.
The aim is to gather data showing whether there is a basis for a possible future Danish claim to parts of the Arctic. If evidence is found to […]