Deloitte

Sheila McNulty

As if there were not enough gas in the US.
The US Geological Survey has discovered that much of what it thought was oil in the National Petroleum Reserve in Alaska is actually gas. It says in a new report that new estimates are for 896m barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered, non-associated gas within the reserve and adjacent state waters. Read more

Sheila McNulty

Six months after BP’s Macondo well disaster, the deepwater drilling industry is still finding its way forward. While no other countries followed the US and imposed moratoriums on drilling in the deepwater, many, like the European Commission, are reviewing the process in their patch and wondering if they should tighten regulations.

PFC Energy, the consultancy, describes how countries have reacted to the accident in a new report: Read more