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Drilling rig blown ashore in storms off Western Isles

2016-08-08 14:12:21| BBC News | Business | UK Edition

A 17,000-tonne drilling rig runs aground after being blown ashore on the Western Isles.

BP drilling sites in Great Australian Bight 'couldn't be more inappropriate', Wilderness Society says

2016-08-06 14:24:00| Climate Ark Climate Change & Global Warming Newsfeed

Australian Broadcasting Corporation: The Wilderness Society has released a map of the Great Australian Bight it says pinpoints the spots where BP wants to drill as part of its exploration plans. The map is based on one obtained by the conservation group from the petroleum giant and shows two sites, Stromlo and Whinham, both of which fall within the Great Australian Bight Marine Park. The Wilderness Society's SA director Peter Owen said while BP's map was "very low resolution" and "hard to read", it was the first time precise locations...

Tags: great sites society says

BP reveals Great Australian Bight oil drilling sites are within marine reserve

2016-08-06 00:10:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP has quietly announced the planned location of its controversial drilling in the Great Australian Bight, and the two sites fall within the Commonwealth Marine Reserve. Despite being the subject of a Senate inquiry, and having its application to drill knocked back twice by the regulator NOPSEMA, BP had so far never released the precise location of its exploratory drilling wells in the pristine Great Australian Bight. In a document released by BP entitled Update on regulatory approvals, the...

Tags: great sites oil reserve

Oil prices fall due to high-output from OPEC and rise in US drilling

2016-08-01 01:00:00| Offshore Technology

Oil prices have dropped as a result of factors such as rising production from the Organization of the Petroleum Exporting Countries (OPEC), an increase in US drilling, and weak Asian economic data.

Tags: us due prices fall