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Posts under ‘United States’

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 […]

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 […]

Fracking failures lead to environmental harm

Comment: These events appear to have happened on Paul Goodfellow’s watch?: According to his current Linked-in profile Goodfellow was Shell VP Unconventionals from 2012-2013 FROM AN ARTICLE BY SUSY KELLY PUBLISHED 28 JAN 2015 BY THE HERALD-STANDARD UNDER THE HEADLINE: “Report: Fracking failures lead to environmental harm in area and state” Extract A report released […]

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 […]

Oil price lays waste to energy giants

FROM AN ARTICLE BY DANNY FORTSON OF THE SUNDAY TIMES PUBLISHED 25 JAN 2015 UNDER THE HEADLINE:  “Oil price lays waste to energy giants” THE chaos unleashed by the collapse of the oil price will be laid bare in the next fortnight as BP reveals a halving of profits, Shell cuts billions in spending, and Centrica […]

SS Pieter Schelte: The huge ship cursed with a Nazi name

By John Donovan The Observer newspaper, the Mail Online  and the Dutch Financial Times, plus a variety of other news outlets, all published articles over the weekend covering The Pieter Schelte Nazi Ship Controversy.  SOME OF THE HEADLINES Jewish outrage as ship named after SS war criminal arrives in Europe: The Observer/Guardian Named after SS […]

Why Shell And Exxon Are Interested In Gulf Of Mexico Bidding

By: MICHEAL KAUFMAN: Published: Jan 21, 2015 Some of the largest global oil producers have shown an early interest in the first phase of Mexico’s bidding round for blocks of exploratory crude oil and natural gas, located in the Deepwater region of Gulf of Mexico. According to a Mexican government official, the oil and gas blocks […]

Blood in the water

Mergers offer a chance to cut costs and save money. Prices are low. BP, now fit, lean and cheap, is not best placed to go shopping itself. So it could be on someone else’s list. The oil giant’s troubles could make it a takeover target, especially if the price of crude keeps falling INVESTORS in […]