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 […]

So the political row over North Sea oil continues. The concept of Scotland having more say over its oil and gas assets makes “common sense”, according to Scotland’s First Minister, Alex Salmond, responding to the “hands off” warning from Westminster (see yesterday’s blog).
Mr Salmond said: “You have to glance across the North Sea to […]

Although Hurricane Dean may be weakened, it is still battering evacuated oil rigs in the Bay of Campeche in the heart of Mexico’s energy industry.
Although weakened from its overland journey, Dean has moved over the Bay of Campeche, home to more than 100 oil platforms, three major oil exporting ports and the Cantarell oil […]

Mexico has started to evacuate 13,360 workers from its Gulf of Mexico oil rigs as powerful hurricane Dean neared.
According to state oil company Pemex, which produces some 70 per cent of its crude oil from offshore platforms in the Gulf of Mexico and is a major supplier to the United States, the […]

The second marine impact story is from Alaska. Oil giant Shell, which was poised to start oil exploration in the Beaufort Sea, cannot proceed until the Ninth Circuit Court of Appeals decides whether the potential for environmental damage was properly considered by the federal agency that issued an exploration permit to the oil company.
A […]