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DRILLING MORATORIUM
- BP's Hayward to testify to UK lawmakers on spill
Outgoing BP CEO Tony Hayward comes under scrutiny from British lawmakers on Wednesday over the Gulf of Mexico oil spill.
- RIL & ONGC get D6 extra times to drill wells at gas field KG-D6 relief
DGH allows extension to Eni too; 30 blocks, hit by global shortage of rigs since ’07-08, to gain from decision.
- Govt clears 3-yr drilling moratorium for oil explorers
Faced with global shortage of offshore drilling rigs, the government decided to give a three-year drilling holiday or moratorium to firms s...
- Obama admin loses bid to keep oil drilling ban
After overturning the ban this week, a federal judge in New Orleans rejected an administration request to put his decision on hold while th...
- Bobby Jindal scores legal victory over Obama on drilling
Louisiana's Indian-American Governor Bobby Jindal has scored a legal victory over President Barack Obama when a federal judge in New Orlean...
- Chevron has the means to prevent an oil blowout
US energy giant Chevron has in place policies and procedures that might have avoided the blowout that caused a massive oil spill in the US ...
- Louisiana says don't stop drilling
Despite the thick globs of oil that have coated their sandy beach, washed away tourists and forced fisherman to hang up their nets, Grand I...
- Investors flee BP and drilling companies
Investors pummeled shares of oil drillers and BP on Tuesday, after President Barack Obama talked tough about dealing with the worst oil spi...
- RIL threatens to pull out of exploration
Reliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the a...
- Govt may soon give way to 3-yr drilling holiday
Faced with a global shortage of offshore drilling rigs, the government may this month decide on giving a three-year drilling holiday or mor...
- 47 companies bid on US Gulf offshore oil leases
Dozens of energy companies bid to explore almost 2 million acres (810,000 hectares) of the western Gulf of Mexico for oil and natural gas, ...
- Oil Ministry moves Cabinet for drilling holiday
Faced with a global shortage of offshore drilling rigs, the Petroleum Ministry has asked the Cabinet for a three-year drilling holiday or m...
- Bush pushes offshore drilling
President George W Bush chastised Democrats on Saturday for refusing to allow a vote on whether to lift the federal ban on offshore oil dri...
- Obama risks voter ire by opposing new oil drilling
Barack Obama is once again betting that his eloquence can persuade price-weary consumers, read that as voters, to take the long view and no...
- Bush lifts offshore drilling ban
US President George W. Bush on Monday lifted a White House ban on offshore oil drilling and urged lawmakers to follow suit amid an election...
- Oil prices soften on US inventory report
Oil prices softened Wednesday on news that US stockpiles had declined last week roughly in line with expectations and as the market mulled ...
- Bush to propose end to offshore oil drilling ban
The New York Times reported that US President George W. Bush is to propose ending a federal ban on offshore oil drilling.