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BP To Drill Even Deeper Off Libya's Coast

With BP’s leaky well in the Gulf of Mexico barely capped and Tony Hayward ousted, Libya will allow BP to commence drilling deep off the coast of the Mediterranean Sea [image via arenamontanus] While the BP oil spill off the Gulf of Mexico drew worldwide consternation, inspiring an ardent campaign to quit our dependence on […]

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Energy Giant BP Signs Gas Deal With Egyptian Government

Is the Mediterranean Sea fated to end up like the Gulf of Mexico? Like a giant herd of marauding elephants pounding through the forest, BP destroys everything in its wake. Despite the international outcry against one of the world’s worst human-induced environmental disasters, the Deepwater Horizon spill that leaked 92 million barrels of oil into […]

PetroGulf Misr Denies Responsibility For Red Sea Oil Spill

The Egyptian Government has failed to provide concrete answers regarding the Red Sea oil spill that occurred last month. One month after oil leaked on to Hurghada’s beaches along the Red Sea, popular among tourists for reef diving, the Government-run oil company Petroleum Misr denies responsibility for the spill despite footage that incriminates them. Oil […]

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Red Sea Spill Causes Oil Company Stocks to Drop

A Maridive rescue boat. It’s as though oil drilling has reached a holding pattern off the Red Sea coast of Egypt as the media, investors, drilling companies, governments and NGOs work to establish or even decide on the cause of the oil spill off the coast of Egypt’s Red Sea last week. Some say the […]