Oil Today

Drilling for oil in Alaska: Should The US Do It?

The entire political fraternity in America, including environmentalists and other concerned citizens, have been debating the issue of drilling in Alaska and rightly so. This is a sensitive issue since it deals with wildlife that is likely to suffer damages due to drilling and the other things surrounding it. There are the Oil Companies on one side pressing the government to give them the go ahead to drill within the Alaskan Wild Life Reserve. However, this could have a great More

Shetland Fields Now Set For Development With New Tax Break

“Shetland fields” is an area of interest to oil companies. It is an area of North Sea’s last frontier in Britain. Britain has moved a step closer to the development of Shetland fields by making a new announcement to extend the “new field allowance”. In this announcement, government has promised to provide the tax relief of £160 million approx for every gas field. According to the estimation, Shetland fields have 20% of oil and gas reserves in UK.

Understanding the More