oil drilling

President Obama wants to know how many clean cars $2 billion can buy. In an announcement expected later today, the President is expected to ask Congress to use $2 billion that the government has raised from allowing oil and gas exploration in the Outer Continental Shelf to fund clean energy ...

Pirates? Terrorists? You make the call. gCaptain reports that just months after arriving on location, the Petrobras-owned Ocean Rig Poseidon was recently attacked while drilling for oil off the coast of Tanzania, Africa. Officially, Tanzania's Registrar of Ships released this statement:

In early May, Shell presented its oil-drilling proposal to the U.S. government, seeking permission to drill ten exploratory oil wells in Alaskan waters. Now comes word that Shell, with assistance from the Environmental Protection Agency (EPA), is ever so close to developing an essential air ...

As part of a broad plan aimed at blunting critics who say the President isn't doing enough to address soaring energy prices, Barack Obama announced during his weekly radio address on Saturday that drilling for oil in Alaska – a state that's thought to have vast oil reserves – will ...

Later this week, Shell Oil will present its ambitious oil-drilling proposal to the U.S. government, seeking permission to drill ten exploratory oil wells in Alaskan waters. The ice-clogged Arctic region is thought to have vast oil reserves. Over the past five years, Shell has worked to convince ...

Let them drill, says the U.S. Department of the Interior. On Monday, regulators approved Shell's offshore plan that calls for the drilling of three exploratory wells in the Gulf of Mexico. Then, on Tuesday, Exxon Mobil was granted approval to drill in the deep waters of the Gulf, marking the ...

"Pesky whales. They just have to have their feeding grounds right where we want to put another oil platform. Well, too bad for them." That would seem to be the attitude over at the Sakhalin Energy Investment Company offices, of which Shell is the largest partner after Russia's Gazprom. The ...

In response to BP's catastrophic oil spill in the Gulf of Mexico, President Barack Obama immediately placed a six-month moratorium on deep-water drilling efforts, a move which affected 33 deep-water drilling projects. While many people initially applauded Obama's decision, public sentiment in the ...

President Obama seems to be taking a similar tack with his environmental agenda as he did with healthcare, starting by cutting his most strident supporters off at the knees by conceding points before the debate even begins. With the healthcare issue it was a single-payer system that was left off ...

There has been a US ban on offshore oil drilling for the past 27 years, and George Bush Sr. signed off on an executive order echoing the ban in 1990. Originally, the ban was agreed upon to protect the beaches and tourism economies of coastal towns, and now global warming has been added into the ...