Brazil’s state-controlled oil company Petrobras has made a discovery of high-quality offshore oil in the Sul de Guara region of the hydrocarbon-rich Santos basin, it said in a statement on Friday.
Daily Archives: June 8, 2012
US rigs gain four
The number of oil and gas rigs drilling in the US rose by four this week, according to data from services giant Baker Hughes.
Oil falls on Europe dept worries
Oil prices slipped on Friday as the euro zone’s debt crisis and dimming hopes for US monetary stimulus reinforced concern about petroleum demand, but disappointing talks between Iran and the UN’s nuclear agency limited losses.
Internet hoax takes aim at Shell’s Arctic plan
Environmental activists staged an elaborate internet hoax this week in protest of Shell’s plans to drill in Arctic waters off Alaska, fooling thousands of viewers including some media outlets.
Costner disses Baldwin in courtroom clash
Kevin Costner downplayed fellow actor Stephen Baldwin’s role in a venture that made oil-cleanup devices in testimony on Friday in a lawsuit accusing him of cheating Baldwin in a multimillion-dollar deal to sell the devices to BP.
Grist for the Jobs Creation Discussion
A new post up at Grist takes issue with the 9.2 million jobs our industry supports. It says we come by the 9.2 million jobs number falsely, that we deviously include “indirect” or “induced” positions in the total. It says we’re not transparent about our jobs. For good measure, it takes a shot at Energy…