Archive | September, 2012

British Government Opposes Oil Exploration in DR Congo Virunga National Park

Oil exploration in Virunga National Park opposed by British Government.

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Current Crude Prices Fall below $90

The current crude price in the NYMEX falls for the first time in two months to a level below $90.

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US President Announced Availability of More Gulf Oil and Gas Exploration

President Obama recently announced that it will make available additional areas in the Gulf of Mexico for oil and gas exploration.

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Cairn India to Boost Domestic and International Oil Exploration and Production

Cairn India is planning to increase oil exploration and production in its Rajasthan block in the coming years, allocation about $2 billion for that plan.

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Crude Oil Futures Recovers from Four-Day Loss

The price of oil recovers its losses in the past four days due to the drop in the U.S. currency.

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Shell Obtains Permission for Beaufort Sea Drilling

Shell obtains permission to perform oil drilling at the Beaufort Sea at limited depths.

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