oil drilling
Coverage of oil drilling in the Nexus archive.
- A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
A Texas company planned an oil boom on Greenland’s east coast, but the project has faced multiple delays due to regulatory and community pushback, eventually being pushed back until the end of 2027. Despite significant financial setbacks for Greenland Energy following its public listing, CEO Robert Price stated he remains undeterred regarding the goal of extracting many billions of barrels of oil.
- Burnham admits oil drilling CAN ease cost of living: Signalling a break with Ed Miliband's Net Zero, new PM concedes 'Britain can't ignore' resources in North Sea
Burnham acknowledges that oil drilling could help reduce living costs, marking a departure from Ed Miliband's Net Zero approach. The new PM states Britain cannot ignore North Sea resources.
- Giraffes get a new home in Uganda to escape oil drilling
Rangers in Uganda's largest national park are preparing to relocate Nubian giraffes to a new home as part of a critical conservation project. The effort aims to protect the giraffes from threats posed by oil drilling.
- After more than a decade of community resistance, a South LA oil drilling site could be shut down
A South Los Angeles oil drilling site near the Jefferson Park neighborhood could be shut down after over a decade of community resistance. The Venturas, residents near the Murphy Drill Site, attribute health issues including cancer to pollution from the site, and a nonprofit group has led efforts to revoke the operator's license.
- Trump administration rolls back a key protection for imperiled wildlife
The Trump administration finalized a rule changing the Endangered Species Act's enforcement by narrowing the definition of 'harm,' allowing activities like oil drilling and logging in critical wildlife habitats as long as animals are not directly killed. Environmentalists warn this could accelerate species extinction, while industry and Republican allies argue it promotes economic growth by reducing regulatory burdens.
- Santander, JPMorgan to Back $1 Billion TGS Vaca Muerta Financing
Santander and JPMorgan are providing $1 billion in financing for TGS's Vaca Muerta project in Argentina. The funding targets oil drilling operations at the Vaca Muerta Shale oil reservoir in Loma Campana.
- Alaska's oil revival sparks a new energy rush Into the Arctic
Alaska's oil industry is experiencing a revival, sparking increased energy investment and drilling activities in the Arctic, particularly in the National Petroleum Reserve in Alaska (NPR-A). The surge highlights renewed interest in Arctic oil resources amid fluctuating global energy markets.
- Brazil Oil Driller Expanding in Venezuela as US Eases Sanctions
A Brazilian oil company is expanding operations in Venezuela's Orinoco Belt as the United States eases sanctions against the region. This move highlights growing international interest in Venezuela's oil resources amid shifting geopolitical dynamics.
- 'God squad' waives animal protections to expand oil drilling in Gulf of Mexico
The 'God squad' has waived animal protections to expand oil drilling in the Gulf of Mexico, citing national security concerns. Secretary of Defence Pete Hegseth defended the decision as essential for national security.