• 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Share this

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn
Friday, 01 April 2016 06:58

No More Oil Exploration Around The Canary Islands

Rate this item
(0 votes)
Oil drilling licenses in Canarian waters run out Oil drilling licenses in Canarian waters run out www.photosgrancanaria.com

Oil exploration permits around the Canary Islands have run out so there will be no more drilling in the near future.

The test well permits, given to Repsol by the Spanish Government, were wildly unpopular in the Canary Islands where tourism and clean beaches are a huge part of the economy. Repsol faced widespread protests and even a boycott of its Canarian petrol stations.

Repsol's first two test wells, drilled in 2014 in an exploration zone just 60 kilometres north of Lanzarote, came up dry and it decided not to drill a third well. All drilling permits issued to Repsol ran out on March 21st and the company now faces an investigation to see if it broke the law by refusing to drill a third well.

This doesn't mean that the Canary Islands have nothing to do with the oil industry. Rig repair is a growing industry in Las Palmas and Arinaga port and oil services by companies such as Otech are a growing industry.  

It's a much safer way to earn oil money than risking a spill in Gran Canaria's waters.

Read 3605 times Last modified on Friday, 01 April 2016 08:54
Login to post comments
Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn

Follow us on Facebook

Live Weather

Clear

18°C

Maspalomas

Clear

Humidity: 74%

Wind: 17.70 km/h

  • 18 Nov 2017

    Mostly Sunny 21°C 18°C

  • 19 Nov 2017

    Mostly Sunny 21°C 19°C

Tip of the day

  • Tip Of The Day: Hike The Bandama Caldera, Then Stop For Wine
    Tip Of The Day: Hike The Bandama Caldera, Then Stop For Wine

    The Hoyos de Bandama winery is the only winery in the Monte area of northeast Gran Canaria that is open to walk-ins, but you do need to book in advance for a full winery tour and tasting session. 

    Start from: Get directions Show Street View
    Read more...

Who's Online

We have 1614 guests and no members online

Login / Register

Take this website to the max, login or create an account now! By clicking on any Social Media platform logo, you can login with just one click.