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Posts under ‘Arctic’

Offshore oil drilling opponents scold Port of Seattle for Shell deal

Article by Ted Land, KING 5 News: 24 Feb 2015 SEATTLE — The Port of Seattle got quite the earful, Tuesday from a group opposed to offshore oil drilling. They’re irate that the port is doing business with Shell, which plans to use Terminal 5, near West Seattle, as a launching point as it prepares to […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Oil Industry Blasts Latest Rules For Arctic Drilling

This article was written by Oilprice.com , the leading provider of energy news in the world. Oil Industry Blasts Latest Rules For Arctic Drilling The energy industry has been quick to criticize the Obama Administration’s proposed regulations for exploratory drilling in the US Arctic Ocean, calling them “unnecessarily burdensome.” The Interior Department proposed Feb. 20 its […]

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster US officials want to make sure companies can handle a blow-out in remote and icy conditions – without inflicting an environmental disaster Suzanne Goldenberg in Washington The Obama administration proposed new rules for Arctic oil drilling on Friday in an attempt […]

Shell one step closer to resuming exploration in the Chukchi Sea

From an article by Tim Bradner published by Alaska Journal of Commerce on 12 Feb 2015 under the headline: “One regulatory hurdle cleared for Arctic OCS drilling” Shell is officially one step closer to resuming exploration in the Chukchi Sea. On Thursday the U.S. Bureau of Ocean Energy Management released its final supplemental environmental impact […]

HSBC Tax Scandal: Revelations pending about a major oil company

HSBC whistleblower: There are ‘more revelations’ By John Donovan We know that Royal Dutch Shell has a long track record of tax dodging. The most recent example occurred during its Arctic Drilling debacle, when it recklessly sent a drilling ship to sea in the face of a storm, trying to avoid a tax bill.  According to a BBC News […]

Port of Seattle hosts Shell’s Arctic drilling fleet

From an article by Joe Connelly published 11Feb 2015 by Seattlepi.com under the headline: Port of Seattle quietly signs homeport lease for Shell’s Arctic drilling fleet Extracts The Port of Seattle has quietly inked a two-year lease under which Shell Oil will use Terminal 5 on the Seattle waterfront as the base for its efforts […]

Oil companies Arctic projects in deep freeze

Information and graphic sourced from an FT article by Richard Milne in Oslo, Christopher Adams in London and Ed Crooks in New York, published 6 February 2015. The first of two drilling rigs contracted by Shell will soon leave Singapore and once sea ice has sufficiently receded, will embark on a summer drilling project in U.S. […]

Arctic Standards Won’t Be Ready For Shell’s Return

From an article by Liz Ruskin, Alaska Public Media: February 2, 2015 “Arctic Standards Won’t Be Ready For Shell’s Return” After Shell’s troubled 2012 drilling season in the far north, the Interior Department began working on Arctic-specific standards for offshore drilling. But those new standards aren’t done yet. Interior Secretary Sally Jewell says they won’t […]

Arctic Oil On Life Support

From an OilPrice.com article by Nick Cunningham published 1 Feb 2015 under the headline: “Arctic Oil On LifeSupport” Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost […]

Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

By Puneet Kollipara January 29 at 5:43 PM Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed […]

Shell’s Arctic Dilemma

CONTRIBUTOR COMMENT In the context of BvB’s comments about the Arctic, it is perhaps worth noting that in the absence of an intention to pursue their Arctic prospects, Shell would be obliged to write off/write down their past expenditure… And that would have resulted in a very miserable result for 2014. The problem has at least been […]

BP Shell merger on the horizon

Potentially, a prolonged period of low oil prices might finally see BP and Shell, like two drunken sailors, holding each other up through the merger that has so long been on the horizon. AN ARTICLE BY ALEX BRUMMER FOR THE DAILY MAIL PUBLISHED 30 Jan 2015  “ALEX BRUMMER: Big oil players confront the slump by slashing capital […]

Shell bows to investor pressure on climate risk

WASHINGTON Thu Jan 29, 2015 1:49pm EST (Reuters) – In a rare move, oil major Shell on Thursday backed a resolution proposed by activist investors to force the company to recognize climate change risks by improving its transparency. Shell’s executive vice president of investor relations JJ Traynor said the company would urge shareholders to vote […]

Shell resumes Arctic drilling but cuts $15bn from global investment

Royal Dutch Shell is reviving plans to drill for oil in Arctic in a move likely to intensify its battle with environmentalists. The Anglo-Dutch giant’s chief executive Ben van Beurden accepted that Arctic drilling “divides society”, but said the world needs new sources of oil. Greenpeace said Shell was taking a “massive risk” in a […]

Shell wants to resume drilling in Arctic this summer

By Karolin Schaps and Ron Bousso Jan 29 (Reuters) – Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high. Remote and costly to develop, the Arctic is estimated to contain 20 percent of […]

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