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Posts under ‘Alaska’

Shell’s Arctic defeat ends dream of new frontier

Christopher Adams, Ed Crooks and Jack Farchy After nine difficult years and $7bn of spending, Royal Dutch Shell has admitted it has nothing to show for its contentious campaign to discover oil in the Arctic. As it pulled the plug on further drilling — announcing billions of dollars in likely losses — the prospects for […]

Why Shell Quit Drilling in the Arctic

By Paul Barrett: BLOOMBERG.COM: 28 SEPT 2015: 6:12 PM BST Royal Dutch Shell’s abrupt announcement today that it would cease all offshore drilling in the Arctic is surprising for several reasons. One is the unusual degree of confidence the company expressed as recently as mid-August that it had identified 15 billion barrels of oil beneath the well […]

Shell Exits Arctic as Oil Slump Forces Industry to Retrench

By CLIFFORD KRAUSS and STANLEY REED As oil prices have continued their steady decline this year, rig after rig has been shut down, costing thousands of jobs in the United States. Yet major oil producers have been loath to pull the plug on their most ambitious projects — the multibillion-dollar investments that form the backbone of […]

Shell Abruptly Abandons Arctic Drilling, Finding It Too Costly

BY ZOË SCHLANGER 9/28/15 After a season spent drilling an exploratory oil well in one of the harshest environments on Earth, Royal Dutch Shell announced Monday morning it was abandoning its attempt to develop the Alaskan Arctic “for the foreseeable future.” The exploratory well 150 miles offshore in the Chukchi Sea did not turn up […]

These 2 charts explain why Shell stopped drilling in Alaska

It’s all about oil prices. Royal Dutch Shell said Monday it will stop drilling for oil off Alaska’s coast. The move comes after Shell failed to discover a noteworthy amount of undersea oil in a well off northern Alaska despite spending $7 billion on exploration efforts. The decision will undoubtedly please the many environmentalists who […]

Shell abandons Alaska Arctic drilling

Terry Macalister: Monday 28 September 2015 18.29 BST Barry Gardiner, Labour’s new shadow minister for energy and climate change, said Shell had been engaged in a fool’s errand. “(Potentially) desecrating one of the world’s last wildernesses shows a complete failure of moral leadership at the head of the company. If his investors are not calling for Ben van […]

Shell move dims oil prospects, delights environmentalists

ANCHORAGE, Alaska (AP) — Royal Dutch Shell has abandoned its long quest to become the first company to produce oil in Alaska’s Arctic waters, darkening the nation’s long-term oil prospects and delighting environmental groups that tried to block the project. After years of effort, Shell is leaving the region “for the foreseeable future” because it […]

Shell pulls plug on Arctic drilling campaign

By ETAIN LAVELLE FOR THE DAILY MAIL: PUBLISHED: 22:22, 28 September 2015 To the delight of eco-warriors worldwide, Shell pulled the plug on its Arctic drilling campaign, taking a £2.7billion hit on the controversial venture that was persistently undermined by the prolonged oil price weakness and fierce opposition from ecological activists. Although an exploratory well showed […]

Shell has made a costly call to abandon Alaska

Kamal Ahmed: Business editor: 28 Sept 2015 It could have been Hillary Clinton’s tweet that did it. Just after the US government had given the go-ahead for Shell to restart its exploration in Alaska, the Democratic presidential candidate took to the social media site. “The Arctic is a unique treasure,” Mrs Clinton said on Twitter. “Given […]

Shell pulls the plug on Arctic exploration

Mon Sep 28, 2015 6:21am EDT By Karolin Schaps (Reuters) – Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude, a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. The withdrawal came six weeks after the final U.S. clearance […]

Tapped out? Shell ending Arctic offshore oil exploration after test well disappoints Sept 28, 2015 Royal Dutch Shell said early Monday that it was ceasing offshore oil and gas exploration in Arctic waters after a test well yielded unsatisfactory amounts of oil and gas. The announcement was a huge blow to Shell, which was counting on offshore drilling in Alaska to help it drive future revenue […]

Shell’s Arctic oil well comes up dry

September 28, 2015 | By Jennifer A. Dlouhy WASHINGTON — After spending $7 billion and seven years searching for oil under Arctic waters, Royal Dutch Shell on Monday said its quest had come up dry. Shell announced that its exploratory oil well in the Chukchi Sea north of Alaska encountered “indications of oil and gas” […]

Shell abandons contentious Arctic exploration after poor results

Christopher Adams, Energy Editor: Sept 28: 7.28am Royal Dutch Shell has abandoned a contentious Arctic drilling campaign off the coast of Alaska and is preparing to take billions of dollars in writedowns after its exploration efforts failed to make a significant discovery. However, the company said in a statement on Monday that while it had […]

Shell ceases Alaska Arctic drilling after exploratory well disappoints

Associated Press: Monday 28 September 2015 07.04 BST Royal Dutch Shell PLC has said it is ceasing exploration in offshore Alaska for the foreseeable future, saying an exploratory well drilled to 6,800ft (2,100m) found oil and gas but not in sufficient quantities. Shell USA’s president, Marvin Odum, said in an announcement early on Monday in the Netherlands […]

Will Shell-funded Energy Transitions Commission help or hinder the low carbon economy?

By Jessica Shankleman  |  25 Sep 2015 Will Shell-funded Energy Transitions Commission help or hinder the low carbon economy? Oil giant Shell is backing a new organisation that is being set up to lobby governments to step up their investments in low carbon technologies, with the twin aims of boosting economic growth and tackling climate […]

Giant ‘dying polar bear’ appears outside Shell UK headquarters in protest over Arctic drilling

BY KARA O’NEILL: 21 Sept 2015 A giant dying polar bear has been placed outside the headquarters of oil and gas company Shell in a bid to stop their Arctic drilling programme. British actress Emma Thompson was among the protesters who manoeuvred the three-tone puppet into place, locking six people inside so the bear cannot […]

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities By CORAL GARNICK: McClatchy News Service: 20 Sept 2015 SEATTLE — Shell Oil, preparing to return its offshore Arctic drilling fleet to Puget Sound as early as next month, has released a study saying that this year and next its controversial Alaska […]

Shell’s high-risk game in the Arctic

Sunday 20 September 2015  Ben van Beurden, the Shell chief executive, was on a media blitz last week trying to prop up sagging confidence in his ability to keep paying blue-chip dividends while expanding his empire at a time of very low oil prices. The planned takeover of BG Group is an important test of […]

Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments

By JON REES, FINANCIAL MAIL ON SUNDAY: 20 Sept 2015 Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter. But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two […]


18 September 2015 The short drilling season for oil exploration in U.S. Arctic offshore waters will reach one stopping point Sept. 28 and a complete halt Oct. 31 for Royal Dutch Shell Plc. The company has been drilling since July 30 at the Burger prospect in the Chukchi Sea north of Alaska. If oil is […]

Actors join campaign to draw attention to Arctic issue

By DAN JOLING: 18 Sept 2015 ANCHORAGE, Alaska (AP) — Critics of Arctic offshore petroleum drilling have used climbing gear, kayaks and polar bear costumes to protest industrial activity in the Arctic. They’re now trying humor. Actors Alexander Skarsgard of “True Blood” and Jack McBrayer of “30 Rock,” along with Andy Bichlbaum of “The Yes […]

Optimism & Outrage: Shell’s $7 Billion Arctic Oil Gamble

by CYNTHIA MCFADDEN and JAKE WHITMAN: SEP 17 2015 At Royal Dutch Shell’s operations center in Anchorage, the cries of outrage that greeted the start of offshore drilling in the Arctic are drowned out by optimism. The energy giant’s president, Marvin Odum, told NBC News that he’s confident that the $7 billion already spent to find […]

Shell CEO: Alaska drilling efforts could end after this season

September 17, 2015 If Shell’s Chukchi Sea drilling operations manage to penetrate underground rock formations in waters off Alaska’s north coast this season and don’t find oil, that could be the end of the company’s controversial Arctic efforts, according to a report from the BBC. “Our plan for the Arctic is to find out whether […]

Shell will not sanction Arctic exploration until at least 2020

Kamal Ahmed: Business editor: 17 Sept 2015 As it moves, gingerly, through the first stages of exploration 70 miles off the Alaskan coast, Royal Dutch Shell has revealed its commitment to drilling in the Arctic. And how long it will be before any oil or gas actually comes out of the ground – if at all. […]

Jewell says ‘Keep It in the Ground’ movement simplistic, country too reliant on fossil fuels

The Kulluk is an Arctic drill rig owned by Royal Dutch Shell. In 2012, the rig ran aground off Sitkalidak Island near Kodiak Island. The highly publicized incident was used by drilling opponents as an example of Shell’s lack of qualifications to drill in the Arctic. (Photo by Petty Officer 1st Class Sara Francis/U.S. Coast […]

Ghost of Exxon Valdez Haunts Shell in the Arctic

Andy Rowell, September 11, 2015 There are many contradictions about Shell’s Arctic misadventure to drill for oil, but three are the most striking: Firstly the company is spending billions of dollars and risking the reputation of the company on oil that can never be burnt. Secondly, Obama having just allowed the company to start drilling […]

Analysts predict oil price plunge: Oversupply could drive Brent Crude to $20, warns Goldman Sachs

By LAURA CHESTERS FOR THE DAILY MAIL: 11 September 2015 The price of oil could fall as low as $20, Goldman Sachs warned last night. As fears about China’s growth continued, the Wall Street giant’s stark analysis of the global crude market pummelled prices again yesterday. The price of Brent Crude fell more than 2 per […]

Shell Exits Climate Change Group Amid Arctic Drilling Plan – FT

Fri, 11th Sep 2015 LONDON (Alliance News) – Royal Dutch Shell has left an influential climate-change lobbying group sponsored by the Prince of Wales amid concern about the company’s attitude to environmental issues, the Financial Times reported Friday. The Corporate Leaders Group released news that Shell had left, but did not state a reason for […]

Shell’s big gamble: Oil wrangling at the far reaches of the Arctic frontier

By Steven Mufson September 11 Shell Oil Co.’s president Marvin Odum made the trip on Sept. 2 from Houston to this northern-most town in the United States, a spot whose traditional name, Ukpeagvik, means “place where snowy owls are hunted.” Odum is here hunting, too, for oil offshore and political support from Alaska Natives living […]

Shell exits Prince’s climate group in row over Arctic oil

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Shell leaves climate project it helped set up amid Arctic drilling row

Shell has been forced to leave a Prince of Wales climate change project which it helped found after a row over the oil company’s controversial drilling programme in the Arctic. The departure from the Prince of Wales’s Corporate Leader Group is another embarrassing setback for the oil and gas company, which has been battling to preserve […]

Russian intelligence ship spotted near American oil vessel

The ship was part of a Shell-contracted ship that is exploring for oil in the Chukchi Sea, which is north of the Bering Strait and lies between Alaska and Russia. By Jake Tapper and Jeremy Diamond, CNN: Sept 7. 2015 Washington (CNN)A Russian intelligence vessel was spotted near a ship contracted by the American Shell […]

Outspoken articles about Shell

Outspoken articles about Shell 2015 I WARNED WIKIPEDIA YEARS AGO THAT ALIAS EDITING WOULD RESULT IN SCANDAL: 7 Sept 2015 OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015: 28 Aug 2015 SHELL und DEUTSCHLAND (SHELL AND GERMANY): 18 Aug 2015 BVB Personal Journey? Was it to a bank […]

How to Invest in Arctic Developments After Obama’s Alaska Trip

Arctic developments have great potential, but are they worth the risks? By Debbie Carlson: Sept. 7, 2015 As climate change melts some of the Arctic’s permafrost, natural resource companies and shippers are eyeing the potential to develop a region that is receiving renewed public attention from President Barack Obama’s trip to Alaska. According to global management […]

Melting Ice Isn’t Opening Arctic to Oil Bonanza

By STEVEN LEE MYERS and CLIFFORD KRAUSS: SEPT. 7, 2015 TERIBERKA, Russia — The warming Arctic should already have transformed this impoverished fishing village on the coast of the Barents Sea. The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its global energy powerhouse, Gazprom. It was […]

Shell Oil president reports progress in Arctic offshore drilling off Alaska’s

The Arctic ecosystem is already weakened because the ice is melting, yet Shell is willing to risk an oil spill there that they wouldn’t be able to clean up. By Mo Ahmad – September 4, 2015 Alaska’s fiscal crisis seemed unimaginable only a few years ago when oil fields in the North Slope brought in […]

How Royal Dutch Shell Is Addressing Its Dividend Concerns

Christopher F. Davis: Sept 3, 2015 Summary This article is a follow-up to my prior article addressing the company’s dividend concerns. History won’t always repeat itself, so I felt I would talk about what the company is doing in detail and expand on my thoughts. I am betting history continues. As you know, Royal Dutch […]

What’s at stake for Alaska in Shell’s Arctic exploration? Plenty

The Transocean Polar Pioneer sits in the Chukchi Sea on Aug. 5, 2015 Paul Fuhs: September 2, 2015 A lot has been said by many people about Shell’s Arctic drilling program but I have yet to see a real analysis of what it would mean for Alaska and our people. Some have said: “Well, it is […]

Emma Thompson broke a legal injunction at Shell Centre

The actress broke a legal injunction aimed at stopping Greenpeace activists from crossing a line drawn around the South Bank building  She stuck a giant paw print on the offices with the names of opponents of drilling in the Arctic Shell has been given permission by the US government to drill for oil and gas […]

Act of Mass Defiance Against a Shell Legal Injunction today

Emma Thompson joins Arctic drilling protest against Shell in London Seven million people have joined the Arctic movement by signing up at More than 600,000 from the UK. 02 Sept 2015 Acclaimed British actress and screenwriter Emma Thompson has just announced she will be joining an act of mass defiance against a Shell legal […]

Greenpeace activists install giant polar bear outside Shell’s London headquarters

Rose Troup Buchanan: Wednesday 02 September 2015 Greenpeace campaigners, including actress Emma Thompson, installed an inflatable polar bear the size of a double-decker bus outside Shell’s London headquarters to demonstrate against the company’s drilling in the Arctic on Wednesday. The sixty-odd activists, six of who are attached to the three-tonne bear named Aurora, moved into place […]

Mr. Obama’s Urgent Arctic Message

By THE EDITORIAL BOARD SEPT. 1, 2015 A version of this editorial appears in print on September 2, 2015, on page A24 of the New York edition A presidential trip has enormous power to focus attention on a place and an issue, and President Obama’s trip to Alaska has been minutely choreographed with visits to glaciers, […]

Shell President: ‘Oil Will Be Required for a Long Time’

ANCHORAGE, Alaska — Sep 2, 2015, 12:31 AM ET By DAN JOLING Associated Press The president of Shell Oil Co. said Tuesday exploratory drilling off Alaska’s northwest coast is going well despite stormy weather last week that caused the company to halt operations for a few days. And in an interview with The Associated Press […]

Alaska seeks balanced energy agenda

State leader sees the oil era ending, but development still vital to Alaska’s economy. By Daniel J. Graeber     |   Sept. 1, 2015  ANCHORAGE, Alaska, Sept. 1 (UPI) — Alaska needs to exploit its vast natural resources, but do so in a way that heeds the growing threats of climate changes, the state’s lieutenant governor […]

Drilling in the Arctic could lock us into catastrophic climate change

Annie Leonard: Sept 1, 2015 The Arctic sits at the forefront of a rapidly destabilizing climate, and this week President Obama traveled there to highlight the urgency of our world’s climate crisis. We commend the president for his leadership, and yet this trip comes on the heels of his administration’s decision to allow Royal Dutch […]

Obama’s approval of Arctic drilling ‘undermines his climate message’

US president’s call for action on climate change is at odds with letting Shell drill for oil in the Arctic, says Bill McKibben read more

Shell Arctic Drilling Plans

By: MICHEAL KAUFMAN: Sep 1, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive […]

Obama on Climate Change: Act Now or Condemn World to a Nightmare

by HALIMAH ABDULLAH and M. ALEX JOHNSON: NEWS SEP 1 2015 In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.” Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic […]

Shell Resumes Operations After Storm Force Arctic Stop

ANCHORAGE, Alaska — Aug 31, 2015, 10:31 PM ET Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska’s northern coast put a temporary stop to exploratory drilling in the Arctic Ocean. But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, […]

In Alaska, Obama Highlights Climate Change While His Decisions Draw Accusations of ‘Hypocrisy’

Environmental groups are outraged over his drilling policies. Kate Sheppard: Senior reporter/Environment and energy editor, The Huffington Post WASHINGTON — As President Barack Obama visits Alaska this week, he is facing criticism and outright outrage from environmental advocates who say his focus on climate change while in the region contradicts his administration’s decision to allow Shell […]