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Did an oil rig worker see the Malaysian jet going down?
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.
While fallout from the disastrous Gulf of Mexico oil spill reverberated across the deep-water drilling industry last year, the oil leaking into Brazil’s Atlantic waters this month won’t create such major waves, energy analysts say.
Tullow Oil Plc, the U.K. explorer behind West Africa’s biggest offshore discovery in a decade, said an offshore find in French Guiana opened up a new hydrocarbon basin on the other side of the Atlantic.