Offshore drilling

Kiran Stacey

[Michael Bromwich] Many thanks for all your questions for Amrita Sen, oil analyst at BarCap. Her answers will appear on this site on Friday, April 8th.
Next week, the person in the hotseat will be Michael Bromwich, director of the US oceans regulator, the Bureau of Ocean Energy Management, Regulation and Enforcement. Read more

Ensco, the UK energy company, said on Monday that it would buy Pride International, in a $7.3bn cash and stock deal that would create the world’s second-largest offshore driller by number of customers. Read more

Kiran Stacey

A total of 144 new licences have been granted to explore oil and gas off the UK coast today. But the industry isn’t happy – 99 have been held back for further assessments on the likely ecological impact. Read more

Kiran Stacey

A slightly confusing report has just dropped into my inbox from the German consultancy EnergyComment. It carries the provocative title Offshore oil drilling: Public costs and risks are too high and states (underlining the author’s own):
A ban on all new offshore oil drilling is justified as the risks are too high relative to the rewards.  Read more