Royal Dutch Shell Plc  .com Rotating Header Image

January 20th, 2013:

As Shell looks to future, critics point to timing, risks

Shell’s first year of drilling on those leases was nothing short of a PR disaster, with a grounded rig and a drifting drillship highlighting the challenges of searching for crude in the remote and icy waters hundreds of miles north of the Arctic Circle. The high-profile mishaps have prompted a federal investigation of the perils of Arctic drilling and are spurring some in the oil industry to re-evaluate whether the crude on top of the world is worth the logistical challenges, financial costs and environmental risks of getting to it.

Updated 20 January 2013

By JENNIFER A. DLOUHY — Hearst Newspapers

WASHINGTON — When Shell started buying leases to drill in the Beaufort and Chukchi seas in 2005, the company was betting on Americans’ thirst for any oil locked under those Arctic waters, which could replace declining crude production from Alaska’s North Slope and other onshore resources.

Flash forward eight years, and the scenario has changed dramatically.

Now, energy companies are extracting ever more oil from dense rock formations in south Texas, North Dakota and other states, making the need to tap offshore frontiers less urgent. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.