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Posts under ‘Oil Spill’

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 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 […]

Plan to allow Shell oil drilling fleet in Seattle draws ire

BY PHUONG LE ASSOCIATED PRESS: 01/28/2015 9:43 PM: SEATTLE A plan to allow Royal Dutch Shell PLC to use Seattle’s waterfront as a homeport for its Arctic drilling fleet is drawing opposition from environmental groups that say it’s not consistent with the region’s environmental goals. Several state and national groups, and local city leaders on Wednesday urged […]

Obama moves to block development in 9.8 million acres of Arctic Ocean

Krestia DeGeorge,Nathaniel Herz: January 27, 2015 Citing biodiversity and Alaska Native subsistence whaling, the Obama administration moved to block development in 9.8 million acres within the Beaufort and Chukchi seas as part of a new five-year outer continental shelf oil and gas leasing program, the draft of which was released Tuesday morning by the Department of the […]

U.S. Seen Limiting Oil Drilling in Arctic, May Open Atlantic

26 JAN 2015 (Bloomberg) — The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected to withdraw areas off Alaska while possibly adding parts of the Atlantic. Republican Lisa Murkowski said the head of the offshore energy office […]

You are here Stakes are too high with Arctic drilling, and Shell isn’t ready

From an article by Lois Epstein published 21 Jan 2015 by Alaska Dispatch News Extracts Two years ago on New Year’s Eve, Shell’s Kulluk Arctic offshore drilling rig grounded near Kodiak Island. It was an industrial calamity heard around the world, including a cover story in the Jan. 4 issue of The New York Times […]

Arctic Explorers Retreat From Hostile Waters With Oil Prices Low

From an article by Mikael Holter published 14 Jan 2015 by Bloomberg under the headline: “Arctic Explorers Retreat From Hostile Waters With Oil Prices Low” When Statoil ASA (STL) acquired the last of three licenses off Greenland’s west coast in January 2012, oil at more than $110 a barrel made exploring the iceberg-ridden waters an […]

What Shell’s Settlement of Environmental Pollution in Ogoni Means

An article by guest contributor Ben Ikari The recent settlement by $hell Petroleum Development Company of $83.5 million to the Ogoni community of Bodo, as out-of-court compensation in the United Kingdom, for two oil spills caused by company’s negligence in 2008, is a sign of hope. It is a welcome development in the Ogoni struggle […]

Shell’s disastrous foray into Arctic waters

From an article by Joel Connelly published 7 Jan 2015 by Seattlepi.com under the headline: “Will Port of Seattle be repair center for Shell Oil’s Arctic vessels? Extracts The Port of Seattle’s Terminal 5 is being proposed as a repair and service center for vessels engaged in Shell Oil’s troubled, delayed program to drill for […]

Niger delta communities to sue Shell in London

From an article by John Vidal published by The Guardian on Wed 7 Jan 2015 under the headline: “Niger delta communities to sue Shell in London for oil spill compensation” Niger delta communities hit by oil spills will bypass Nigerian courts and try to sue Shell and other oil companies in London following the £55m […]