TV News LIES

Saturday, Feb 28th

Last update11:47:35 PM GMT

You are here News Energy BP frozen out of Arctic oil drilling race

BP frozen out of Arctic oil drilling race

E-mail Print PDF

BP frozen out of Arctic oil drilling raceBP has been forced to abandon hopes of drilling in the Arctic, currently the centre of a new oil rush due to its tarnished reputation following the Gulf of Mexico spill.

The company confirmed tonight that it was no longer trying to win an exploration licence in Greenland, despite earlier reports of its interest. "We are not participating in the bid round," said a spokesman at BP's London headquarters who declined to discuss its reasons for the reverse.

The setback, which follows the announcement this week of a major find in the region by British rival Cairn Energy, is the first sign that the Gulf of Mexico disaster may have permanently damaged BP's ability to operate — not just in US waters, but in other environmentally-sensitive parts of the world.

Today the bureau of minerals and petroleum in Nuuk, the capital of Greenland, confirmed that the names of successful bidders for future exploration licences would be announced in the next couple of weeks.

The bureau refused to comment on widespread industry rumours that it had not considered BP specifically as a result of the recent Macondo well disaster in the US.

More...


Most Recent Related Stories...


North Dakota oil boom deflating

North Dakota oil boom deflatingLow oil prices haven't yet dimmed confidence in North Dakota, though there may be concerns lingering...

Japan now has more car charging points than gas stations

Japanese charging pointsNissan Motor Co. has reported that Japan now has more places to charge electric vehicles than...

Explosion at Exxon Mobil refinery in Torrance, California, injures four

Exxon explosionAn explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in...

Researchers turn solar energy into liquid fuel

Solar energy to liquid fuelA small number of vehicles on U.S. roads are already indirectly powered by the sun. Ostensibly,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!