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Oil Exploration Plans News

02 Sep 2015

India's Oil Exploration near South China Sea Irks China

The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is "illegal and is an "unwise move" that may "sabotage" positive momentum in ties. "India's intention to once again explore for oil in the disputed waters of the South China Sea is an unwise move, as it will further complicate the maritime disputes and do a disservice to maintaining the positive momentum that has been achieved in China-India ties," the China Daily said in an editorial. Titled 'India should rethink its oil exploration plans', the editorial said according to reports India's Oil and Natural Gas Corporation plans to restart exploration activities in the waters off Vietnam's coastline which are "also claimed by China".

30 Jun 2015

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife protections prevent it from drilling two rigs simultaneously within 15 miles (24 km) of each other, as it had planned.   The U.S. Fish and Wildlife Service issued Shell a permit on Tuesday that said that under existing federal walrus and polar bear protections, Shell must maintain a 15 mile buffer if it plans to drill two rigs simultaneously. In Shell's 2015 Arctic drilling plan, no two of its wells are more than 15 miles apart.     (Reporting by Timothy Gardner; Editing by Sandra Maler)