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 […]

Environment groups are coming together to protest against plans by the US government to open up a vast area of Arctic sea off Alaska for oil exploration, arguing it poses an unacceptable new threat to polar bears and walruses.
The Minerals and Management Service, MMS, said it would be seeking bids for petroleum licences in the […]

Sod the climate, let’s back to business as usual, including the Arctic oil rush. Its Iceland’s turn now. The country is going to offer companies exclusive oil and gas exploration licences in the Dreki area of the north Atlantic.
The area lies to the northeast of Iceland, between it and the Arctic island of Jan […]

Suddenly another week cannot go past without another oil spill. Recently, we have had spills in Russia, California, South Korea and now Norway.
Yesterday, about 25,000 barrels of oil spilled into the Norwegian sector of the North Sea at the Statfjord oil field. It is Norway’s second worst oil spill, and yet it is […]