Arctic Oil & Gas News

China’s CNOOC starts preparation work to explore for oil and gas offshore Iceland, posted on Platts McGraw Hill Financial China’s CNOOC International Ltd has started preparation work for oil and gas exploration in Iceland’s offshore Dreki Area, an official with CNOOC’s Investor Relations Department said Friday.  [Read More…]   Greenland: Mining Rush Welcomed, Won’t Favor…

Tank Storage News

State sues BP over cleanup costs of leaky storage tanks by Kevyn Burger, posted on BringMeTheNews.com The state of Minnesota filed a $25 million suit against oil giant British Petroleum in Ramsey County District Court on Monday. The Associated Press reports the suit accuses BP of double dipping, claiming it took state money even after…