Oil – Forbes reported that Providence Resources plc (LSE:PVR), led by CEO Tony O'Reilly, Junior, hopes to drill for oil 4 miles off the coast of Ireland. The company is already facing environmental opposition, with some also wondering whether celebrities like Bono — who lives nearby the proposed drilling location — will also be against the endeavour.
Articles Tagged "offshore drilling"
Oil – Although Chevron was fined $28 million and had its drilling rights in Brazil suspended for the recent offshore oil spill at their Frade field, some industry experts suggest the company will be able to avoid a long-term ban.
Oil – Nunavut is bound to have some piece of the estimated 160 billion barrels of crude oil believed to be locked up in the Arctic – the challenge is finding it.
Oil – After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Oil – Reuters reported that an incoming storm in the Gulf of Mexico has forced oil companies to temporarily shut down some platforms.
Oil – An overview of three technologies that have the potential to push the boundaries of offshore drilling in the near future.
Oil – Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Gold – With nearly 70 percent of the earth’s surface located underwater; it is no surprise that exploration companies are turning their attention to the bedrock and sediments below the ocean as a potential source of minerals.