Windfall tax lets Alaska rake in billions from Big Oil

Posted on August 10, 2008 by John Donovan.
Categories: Alaska, BP, Gas, Oil.

Even the market-friendly United Kingdom, home to oil giants BP and Royal Dutch Shell, recently has sought to capture a bigger share of revenue from companies operating in the North Sea.

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Oil innovation after years of caution

Posted on July 29, 2008 by John Donovan.
Categories: Alaska, Financial Times, Gas, Oil.

Royal Dutch Shell, which has the biggest commitment of any oil company, came a mere 104th in a global ranking of companies by R&D spending in 2006-07 compiled by Britain’s Department for Business and Enterprise.

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Riches in the Arctic: the new oil race

Posted on July 25, 2008 by John Donovan.
Categories: Alaska, Arctic, Gas, Oil, The Independent.

The future of the Arctic will be less white wilderness, more black gold, a new report on oil reserves in the High North has signalled this week. The first-comprehensive assessment of oil and gas resources north of the Arctic Circle, carried out by American geologists, reveals that underneath the ice, the region may contain as much as a fifth of the world’s undiscovered yet recoverable oil and natural gas reserves.

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Cold Comfort: Arctic Is Oil Hot Spot

Posted on July 24, 2008 by John Donovan.
Categories: Alaska, Arctic, The Wall Street Journal.

Earlier this year, Royal Dutch Shell PLC spent more than $2 billion acquiring drilling leases in Alaska’s Chukchi Sea.

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Untapped Oil Reserves Could Fuel U.S. For 300 Years

Posted on July 11, 2008 by John Donovan.
Categories: Alaska, Oil.

In fact, such untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Countries (OPEC) nations and sufficient to meet 300 years of demand — at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.

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Shell, BP Can Explore for Oil Offshore From Alaska, Judge Rules

Posted on July 7, 2008 by John Donovan.
Categories: Alaska, Arctic, BP, Bloomberg, Royal Dutch Shell.

Royal Dutch Shell Plc and BP Plc can explore for oil in Alaska’s Arctic waters, according to a ruling by a federal judge in Anchorage, who dismissed a lawsuit that sought to block the companies’ exploration plans.

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Shell CEO Jeroen van der Veer doesn’t expect oil supplies to run short

Posted on by John Donovan.
Categories: Alaska, Arctic, BP, Bloomberg.

Bloomberg

 

 

EXTRACTS FROM BLOOMBERG ARTICLES PUBLISHED 7 JULY 2008

Royal Dutch Shell Plc (RDSA NA): Chief Executive Officer Jeroen van der Veer doesn’t expect oil supplies to run short, even in the long-term, Swiss newspaper Finanz und Wirtschaft reported, citing an interview.

Separately, Europe’s largest oil company and BP Plc can explore for oil in Alaska’s Arctic waters, according to a ruling by a federal judge in Anchorage, who dismissed a lawsuit that sought to block the companies’ exploration plans. Shell fell 23.5 cents, or 0.9 percent, to 24.88 euros.

Record oil prices and depleting reserves in shallower waters are prompting companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc to spend a record $98.7 billion on exploration and production this year. Petroleo Brasileiro SA, Brazil’s state- controlled oil company, plans to invest $30 billion for 40 drilling rigs to develop a field off its coast.

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Shell, BP Can Explore for Oil Offshore From Alaska, Judge Rules

Posted on July 3, 2008 by John Donovan.
Categories: Alaska, Arctic, BP, Bloomberg, Litigation, Oil.

Shell spokesman Curtis Smith declined to comment apart from saying the ruling came after business hours. Shell plans to carry out its seismic program in Alaska this summer, he said.

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Exxon Valdez $2.5 bln oil spill ruling overturned

Posted on June 25, 2008 by John Donovan.
Categories: Alaska, Environment, Exxon Mobil, Thomson Reuters.

WASHINGTON, June 25 (Reuters) - The U.S. Supreme Court on Wednesday threw out the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska, the nation’s worst tanker spill.

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Shell delays Alaska drilling plan due legal dispute

Posted on June 21, 2008 by John Donovan.
Categories: Alaska, Arctic, Litigation, Thomson Reuters.

ANCHORAGE, Alaska (Reuters) - Shell Oil (RDSa.L: Quote, Profile,Research) said on Friday it would delay its 2008 drilling plan in Alaska’s Beaufort Sea for a year because of an ongoing legal challenge filed by groups concerned about the potential impact on whales, walruses and other marine mammals.

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