Posts in Offshore
- There was grim news over the weekend for those fighting Arctic drilling as the Russian energy giant Rosneft announced that it had struck oil in the world’s most northerly well, deep in the Arctic.
- Yesterday, Norway’s ruling Labour Party took a “major step” towards opening up other areas of the Arctic to oil drilling that are currently restricted from drilling
- The latest disaster is just one more in a long list for Shell in its Arctic debacle. It gives further fuel to the fire for those who argue that oil drilling in the region should be banned.
- Later today as part of Obama’s “All of the Above” energy strategy, the Bureau of Ocean Energy Management will hold an oil and gas lease sale that will make more than 20 million offshore acres available to oil and gas drilling.
- Oil companies operating in the North Sea could face an estimated $13 billion (Euros 10 billion) bill in light of the Elgin gas spill which could also seriously affect their credit ratings, according to rating agency Fitch. Total’s Elgin platform in the North Sea has been leaking gas since last month with some estimates that...
Continue reading 'The $13 Billion Bill for Elgin Gas Spill'.
- If you read any literature from the oil and gas industry it always argues that it is one of the best regulated industries in terms of safety and preparedness. This is an industry that understands the dangerous risks of drilling, prepares for it and mitigates to make sure accidents do not happen. If an accident...
Continue reading '“No Idea How to Fix” North Sea Gas Leak'.
- Some twenty five years ago when Amoco were exploring for oil offshore Somalia, the company was convinced that the waters of East Africa contained vast reserves of oil and gas. But its exploration was unsuccessful, Somalia was ripped apart by civil war and the waters of East Africa, once the tranquil domain of dhows and...
Continue reading 'Africa’s New Scramble for Gas'.
- Are we slowly edging towards another war over oil? Thirty years after Britain and Argentina last went to war over the Falklands, the diplomatic stakes are rising rapidly. This could just be a great game of diplomatic brinkmanship where neither side really wants a repeat of the conflict from decades ago. However this time at...
Continue reading 'Falklands: “Conflict is Over Oil”'.
- For a long time now many environmental organisations and front-line communities have warned about the dangers of drilling in the Arctic. Even before the Exxon Valdez scarred Alaska in 1989 people warned that drilling in the high north can have terrible consequences. And there was one major lesson from the Exxon Valdez: oil is much...
Continue reading 'Arctic “should remain off-limits to drilling”'.
- Eighteen months after the Deepwater Horizon disaster, we have another country threatening to ban an oil company after a deep water spill. Yesterday it was Brazil’s turn to say it might ban Chevron from drilling in its deep water oilfields as punishment for the 3,000 barrel oil spill from the company’s Frade project. Chevron has...
Continue reading 'Chevron Faces Possible Brazil Drilling Ban'.
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