As the UK’s oil rigs are decommissioned over the next few years, the Government will give the oil companies in excess of 30 billion dollars in subsidies.
It’s now been over three weeks since BP’s oil rig Deepwater Horizon exploded, burned and sank in the Gulf of Mexico. These have been hectic weeks for all concerned, no doubt, but the paucity of information available to the public is at best, discouraging. How much oil is flowing / has flowed into the Gulf … Read More
The Gulf of Oil
Venice, LA – I’m down at the oil spill on the Gulf of Mexico or what for now is the Gulf of Mexico. Rick Steiner, a marine conservationist and oil spill expert flew over the gulf Wednesday morning and said, “It’s not the Gulf of Mexico any more. It’s the gulf of oil.” Rick’s been … Read More
EIA: Offshore drilling won’t impact prices until…2030…if then.
I had just started to draft a blog about this when I caught Joe Romm’s excellent post on the same topic. Over to you, Joe: Or, jump directly to the Energy Information Administration’s report.
Hurricane Forces Mexico to Evacuate Oil Rigs
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 move will … Read More
Oz: Oil Rigs to Become Coral Farms
Decommissioned oil rigs off Australia’s coastline could become hubs for marine-based businesses such as coral harvesting for aquariums, a fish expert argues. Professor David Booth, of the Sydney Institute of Marine Science and University of Technology, Sydney, says there are up to 60 oil rigs in Australian waters that are due to be decommissioned in … Read More
Biggest UK Oil Rig Project For A Generation Announced
25,000 people may have marched through London demanding urgent action on climate change and delegates are in Nairobi for the most crucial climate talks in recent years. But it is business as usual for the oil industry. The biggest drilling rig construction project undertaken in Britain for more than a generation has just been announced.