Tag: drilling

North Sea oil drilling threatened by landmark Supreme Court ruling

The future of Britain’s oil and gas industry has been thrown into doubt after a landmark decision by the Supreme Court. The court ruled on Thursday that emissions from burning fossil fuels must be considered when approving new drilling sites. It is the latest development in the case brought by Sarah Finch, a Surrey resident […]

Colombia Plans to Boost Oil Output With a Drilling Push

(Bloomberg) — Colombia is targeting oil output of 1 million barrels per day by pressuring drillers to step up activity in underused exploration blocs, according to the nation’s top energy official. Most Read from Bloomberg The Andean nation is also taking steps to boost natural gas output, as its projections point to a shortfall by […]

Australia plans more gas drilling against net-zero plans

The Australian Government has released its Future Gas Strategy, putting natural gas at the centre of its plans to reach net zero by 2050. Madeline King, Australia’s Minister for Resources, launched the document on 9 May, drawing criticism from some environmental groups. Although the strategy begins by noting that “Australia is committed to supporting global […]

Alaska senator slams Biden admin’s move to restrict drilling and mining

Sen. Dan Sullivan (R-Alaska) criticized the Biden administration’s decision to put millions of acres of Alaskan wilderness outside the reach of oil drilling and critical mineral mining, likening the moves to “national security suicide.” “Well, it’s lawless. He doesn’t have the authority to do it. … It’s, as I say, national security suicide,” Sullivan said […]

US finalizes big reforms to federal oil and gas drilling

By Nichola Groom (Reuters) – President Joe Biden‘s administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from oil and gas drilling on public lands. The new rules follow years of criticism from green and taxpayer groups that federal oil and gas development was not benefiting the public. […]