A plan to shake up Mexico’s flagging state-run oil sector has met with a muted reaction from the oil majors.
The foreign oil companies want Mexico to join the rest of the world in offering risk-sharing joint ventures, especially in the huge deep-sea sector. These joint ventures would enable the companies to claim that they […]

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 […]

There are polar bears at risk from oil drilling in the Arctic and now dolphins at risk in the UK. The future of Britain’s most famous dolphins is at risk from oil and gas exploration, conservationists say.
The bottlenose dolphins of the Moray Firth in Scotland are the best known and most studied dolphins in the […]

Stuff the bears lets get drilling – that’s the message from oil giant Shell, which has emerged as the highest bidder for 275 lease blocks in the Chukchi sea offshore northwest Alaska. Shell’s bids amounted to $2.1 billion of the $3.4 billion bid overall.
The sale went forward over the protest of conservation and Native Alaska […]

Brazil says it has found another “elephant.” This time it is a huge natural gas field called, Jupiter, which could match the recently discovered Tupi oil field in size. The field has been found a short distance off Rio de Janeiro’s coastline.
While not providing any specific details on the size of the new reserve, Petrobras […]