Exoma Energy has spudded the Sancho-1 exploration well in ATP 999P in the onshore Galilee basin, in the Australian state of Queensland.
Exoma Energy has spudded the Sancho-1 exploration well in ATP 999P in the onshore Galilee basin, in the Australian state of Queensland.
Statoil confirms that it is going to shut down production on the Norwegian continental shelf after it receives notice of lockout from the Norwegian Oil Industry Association.
World markets appear to be hovering over a precipice as Europe’s sovereign debt crisis, slowdowns in India and China and further bank downgrades threaten to send stocks and commodities down even further. Falling oil and gas prices may offer some respite to consumers but are they enough to help the economy or are they a…
The EU’s oil embargo on Iran that came into effect on 1 July is likely to do as much damage to the European Union as it is to Iran and the imposition of these suicidal sanctions is more about Israel than Iran.Had Israel taken a break from its saber-rattling, the EU sanctions would likely have…
Canadian pipeline company Enbridge faces a $3.7 million penalty from U.S. regulators for "multiple" violations of safety measures stemming from a 2010 oil spill in southern Michigan. About 20,000 barrels of tar sands oil from Alberta oil fields spilled into the Kalamazoo River during the summer and crews there are just beginning to reopen some…
As Shell’s rigs head toward the Arctic to exploit melting sea ice to drill for more oil, the company took a small step this weekend in clarifying what would happen in an oil spill during the company’s planned Arctic drilling operations this summer.Despite the oil industry’s spin, experts know it is impossible to recover more…