Cairn's tugs drag icebergs out the way of its Arctic oil drilling rig
Ever since last month’s Budget, oil
companies have been complaining about George Osborne’s tax on North Sea oil
and gas. Yet many have just announced record profits - boosted considerably by current sky-high oil prices. What do they take us for?
Melting icebergs in the path of rigs in the Arctic, the latest oil frontier
Drilling in the Arctic is a risky business. So it’s a good thing that the
only company with a license to drill in the Arctic isn’t comparing the whole endeavour to hanging out
in Vegas and trying your hand at shooting craps.
