The 2025 Interconnected Disaster Risks report shifts focus from diagnosing problems to mapping out solutions. It establishes that many of today’s solutions are surface-level fixes, and that to create lasting change, we need to question the societal structures and mindsets that perpetuate these challenges. The report offers a more holistic …
Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S. President Barack Obama began a push to improve ties. The pact, which includes an option for Rosneft to invest in Gulf of Mexico and …
ExxonMobil has formed an Arctic exploration partnership with Rosneft, the Russian state oil company, in a strategic coup over rival BP. In return, Exxon, the world’s largest oil company by market capitalisation, will give the state-controlled Russian group minority stakes in projects in the US Gulf of Mexico, in onshore …
Sixty per cent of rigs contracted in the Gulf of Mexico are not working almost a year and a half after the Macondo disaster. Industry participants are meeting on Tuesday with regulators to speed up permitting in the world’s most productive deepwater and oldest shallow-water basin, which was temporarily halted …
Dibrugarh, Aug. 28: Oil India Limited (OIL) is all set to explore and produce oil and natural gas in Mizoram after it received the “clearance to operate” from the state recently. “We have received tremendous support from the Mizoram government and the people in general. We are hoping to find …
New Jersey on Thursday issued a one-year ban on hydraulic fracturing, citing the need for more study of the technology used to produce oil and gas from shale formations. New Jersey Governor Chris Christie conditionally vetoed a bill that would have permanently banned the practice, which critics say can pollute …
The Government is committed to provide petroleum products at reasonable prices to consumers. This is while maintaining the financial health of the public sector oil retailers, said Mr S Jaipal Reddy, Minister of Petroleum and Natural Gas. Addressing the Consultative Committee of Members of Parliament attached to his ministry here …
Reliance Industries has withdrawn from an offshore oil exploration block in the Sea of Oman, a news report has said, quoting authorities. Block 18, a 21,140 sq km concession located off the Batinah coast, was relinquished by the conglomerate's wholly-owned Dubai-based subsidiary, Reliance Exploration and Production DMCC. The decision follows …
Making good on a promise, the Interior Department announced Friday that it had scheduled its first sale of offshore oil leases in the Gulf of Mexico since the Deepwater Horizon disaster last year. But it is changing some of the rules to ensure that leased parcels are actually drilled and …
The environmental restoration of Ogoniland could prove to be the world's most wide-ranging and long term oil clean-up exercise ever undertaken if contaminated drinking water, land, creeks and important ecosystems such as mangroves are to be brought back to full, productive health. A major new independent scientific assessment, carried out …
Tropical Storm Don, the first major Gulf of Mexico storm this year, formed over the southern part of the oil-rich basin on Wednesday on a track toward the Texas coast. The storm forced several offshore energy operators to evacuate support workers, but was not yet strong enough to cause companies …
The Arkansas Oil and Gas Commission voted Wednesday to close a well used to dispose of natural gas fluids and ban the drilling of others in an area north of Conway where hundreds of earthquakes have struck. The well between Greenbrier and Enola is operated by Deep-Six Water Disposal Services, …
A spill of about 200 gallons of an oil-water mixture has prompted a temporary shutdown of an oil-separation facility at the BP-operated Prudhoe Bay oil field, the Alaska Department of Environmental Conservation reported on Monday. The spilled material amounts to about 70 percent produced water and 30 percent crude oil, …
BP Plc has not yet applied for permission to drill its first new Gulf of Mexico oil well since the 4 million-barrel Macondo spill a year ago, the oil major said on Tuesday, although it received permission this month to plug an old well. The London-based company said it hoped …
The Oil and Gas Development Company Limited (OGDCL) has completed Pakistan Basin Study (PBS), containing important information regarding hydrocarbon exploration opportunities in the country. The report had been completed on the direction of Ministry of Petroleum and Natural Resources. UK based consultant and geosciences Services Company Fugro Robertson Ltd (FRL) …
Iran warned India it would stop supplying oil from August 1 if payments dispute is not resolved, the semi-official Fars news agency reported, a move likely to harm the two countries
BP said on Friday that it was changing its deepwater drilling standards in the Gulf of Mexico as it seeks to repair its reputation and resume offshore operations after the disastrous oil spill last year. Robert Dudley, the chief executive of BP. The company said better supervision would help prevent …
BP has tried to reassure the US authorities about its reputation as a safe operator by promising tougher drilling standards in the Gulf of Mexico, going beyond the minimum legal requirements. The British oil group, scarred by the aftermath of the Deepwater Horizon disaster, wants permission to resume drilling in …
South Africa's advertising watchdog criticized oil giant Shell on Wednesday for newspaper claims about its use of hydraulic fracturing, or fracking, to explore for gas in the Karoo, a semi-desert wilderness. The Advertising Standards Authority described the adverts as "unsubstantiated" and "misleading" and ordered them to be withdrawn. The Treasure …
