New York requests exclusion from US offshore drilling plans

The government intends to open up more than 90% of offshore waters for oil and gas drilling

Obama blocks oil and gas drilling in Arctic Ocean

President Barack Obama’s Administration has banned new offshore drilling in the Arctic Ocean. The new ruling by the Department of Interior will run from 2017 to 2022 and aims to protect the “fragile and unique Arctic ecosystem” as it is a region that would face “significant risks”. Drilling will not be allowed in the Chukchi […]

BP to hunt oil off Azerbaijan coast

British oil giant BP is to hunt for oil and gas in the Caspian Sea with a new Azerbaijani partner. Yesterday it signed an agreement to explore the shallow water area around the Absheron Peninsula with Azerbaijan’s state oil company SOCAR. This stretch of the coast is home to Baku (pictured), the capital of Azerbaijan. […]