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Drilling Cutbacks Mean Service Companies Forced to Scrap Rigs

Drilling Cutbacks Mean Service Companies Forced to Scrap Rigs. Despite the decline in oil prices, the U.S. is expected to boost production by 300,000 barrels per day in 2015, up to a yearly average of about 9.3 million barrels per day, according to the most recent government estimates. But the number of oil and gas rigs […]

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Early Signs Of A Pullback In Drilling Activity

Early Signs Of A Pullback In Drilling Activity. With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream. […]

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Lawsuit Filed to Protect Struggling Walruses from Arctic Oil Drilling » EcoWatch

Lawsuit Filed to Protect Struggling Walruses from Arctic Oil Drilling » EcoWatch. Threats to walruses in the Arctic are in the spotlight again, as six environmental and conservation groups have filed a lawsuit against the U.S. Fish and Wildlife Service (FWS) challenging a rule that would allow oil companies to begin drilling in key walrus feeding areas in […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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