Mexico is opening up its lucrative offshore oil fields for the first time in 80 years, and in the words of the Financial Times, which devotes a whole page of the paper to the subject, “it is shaping up to be quite a feast.”
Offshore
OCI Response to Conditional Approval of Shell’s 2015 Arctic Drilling Plan
Today’s decision to rubber stamp Shell’s 2015 Arctic Exploration Plan is yet another example of the dangerous disconnect between our climate imperatives and the Obama administration’s energy policy.
Frozen Future: the gaps in Shell’s Arctic spill response
Shell is currently moving its drilling rigs to Seattle in anticipation of resuming its US offshore Arctic drilling programme in July. However, it is far from clear that Shell has adequate physical or financial plans to deal with the impacts of a major oil spill in this remote region.
Ghost of Brent Spar Haunts Shell
Twenty years ago the oil giant Shell was embroiled in two separate controversies, which still haunt the company to this day.
Rosneft Announces Arctic “Victory”
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.
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 … Read More
“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 … Read More