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New Western Completes Drilling Magnus Well

2013-06-07 16:00:00| OGI

The well shows that it encountered several coal gas bearing formations.

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Lundin Norway completes drilling of appraisal well at Johan Sverdrup

2013-06-07 01:00:00| Offshore Technology

Lundin Norway has completed drilling of appraisal well 16/2-21, located in PL501, at the Johan Sverdrup discovery in the North Sea.

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BP to pump $1 billion into its Alaska drilling efforts

2013-06-06 02:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Not content with wrecking the Gulf of Mexico`s ecosystem, BP has announced that it is expanding its operations at the far northern end of the country, on Alaska`s North Slope. BP plans to increase its spending in the region by $1 billion over five years, increasing its fleet of oil rigs at the North Slope from seven to nine by 2016. The announcement came after state leaders reduced taxes on oil companies. In May, Gov. Sean Parnell (R) signed legislation that cuts oil taxes to a flat 35 percent...

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US Coast Guard, BSEE to regulate mobile offshore drilling units

2013-06-06 01:00:00| Offshore Technology

The US Bureau of Safety and Environmental Enforcement (BSEE) and the US Coast Guard have announced they will be joining hands to effectively regulate mobile offshore drilling units (MODU) on the Outer Continental Shelf (OCS).

Tags: mobile units coast guard

 

The Argument Against Expanded Oil Drilling in Arctic Seas

2013-06-05 23:05:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The Natural Resources Defense Council has issued a statement concluding that recent events most notably the grounding of a Shell Oil drilling rig in Alaska show the oil industry is not ready to safely, cleanly drill offshore in the Arctic. I agree. Theres no logic for pushing fossil-fuel frontiers this extreme while neglecting energy-efficiency measures at home. Heres the groups argument, which builds on its earlier, and justified, criticism of President Obamas vague new National Strategy...

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