More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference. More »
Campaigners desperate to prevent the birth of a U.K. shale-gas industry have glued themselves to walls, barricaded country lanes and climbed drill rigs. Yet their most potent weapon is more prosaic: lawyers. More »
Hundreds protested in a field where Chevron plans to launch its operation More »
Cyprus’ energy minister says that a gas field off the country’s southern coast contains between 3.6 and 6 trillion cubic feet (0.1-0.17 trillion cubic meters) of natural gas, noticeably less than an earlier estimate. More »
The price is far less than the majority shareholders received.
Shares in TNK-BP soared 12 percent on the comments.
The United States is trailing most of Europe in creating a sustainable energy system, according to a report released Tuesday. More »
Norway may sell as much as 16 percent of state-owned oil producer Statoil ASA, a stake currently valued at more than $11 billion, after the Conservative-led opposition won elections. More »
That camp paints a pretty bad picture of oil & gas professionals also, but of course, either way those are all crude generalizations, and their effects are the same: they further reinforce an “us vs. them” mentality, and ignore the fact that both pro and anti-industry groups actually have plenty of common ground from which to start a more productive exchange than what’s currently going on in the English countryside. More »
OMV AG (OMV), the biggest central European energy company, paid $2.65 billion to Statoil ASA (STL) in its largest deal on record for stakes in four North Sea oil and gas fields as it seeks stable output after disruptions in Libya and Yemen. More »
If we’re really serious as a country about curbing emissions and altering driving behaviors for the betterment of the environment, let’s be prepared to make tough choices and institute real measures to encourage those positive shifts in individual behaviors. More »
This post is based on a talk I gave as an “undistinguished speaker” to the American Association of Petroleum Geologists (AAPG) oil finders lunch in Aberdeen a few weeks ago. This will be one of my last posts on The Oil Drum. There should be enough con… More »