Posts in Offshore

Norway Examines New Arctic Drilling
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
“Blundering” Shell Has to be Banned from Arctic
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.
Obama Continues to “Drill Baby Drill”
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.
The $13 Billion Bill for Elgin Gas Spill
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...
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“No Idea How to Fix” North Sea Gas Leak
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...
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Africa’s New Scramble for Gas
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...
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Falklands: “Conflict is Over Oil”
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...
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Arctic “should remain off-limits to drilling”
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...
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Chevron Faces Possible Brazil Drilling Ban
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...
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Oil Spill off Rio Sets Chevron at the Center of Scandal
Chevron is at the center of a scandal over the oil spill in the offshore Campos Basin Frade field about 230 miles from the coast of northeast Rio de Janeiro. Originally the company said that the spill was natural seepage from the field. Well, no, it appears it was not. The scandal began to unravel on...
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