The Alaska Department of Natural Resources has denied ExxonMobil Corp. a permit to build a seasonal ice road to carry equipment to an oil and gas field the state says it has seized.
Click to continue reading “Alaska denies Exxon permit for ice road”
News and information on Royal Dutch Shell Plc.
The Alaska Department of Natural Resources has denied ExxonMobil Corp. a permit to build a seasonal ice road to carry equipment to an oil and gas field the state says it has seized.
Click to continue reading “Alaska denies Exxon permit for ice road”
In the summer Gazprom said it saw Royal Dutch Shell as one of its potential partners in LNG projects in the gas-rich Arctic Yamal peninsula.
Click to continue reading “Gazprom: Exxon, Conoco could join Yamal LNG”
More than a year after the court placed an injunction on Shell’s Beaufort Sea drilling, the court has still not ruled on an appeal by the North Slope Borough, the Alaska Eskimo Whaling Commission and several environmental organizations against the U.S. Minerals Management Service’s approval of Shell’s Beaufort Sea exploration plan. The court heard oral arguments in the case last December.
Click to continue reading “Alaska central to US energy supplies, Shell’s Odum says”
Two years ago, environmentalists teamed up with Alaska Natives who depend on subsistence whaling for their livelihoods and culture. They sued in federal district court in Alaska in July 2007 to stop Shell’s exploratory drilling, claiming that it could disturb the whales and interfere with traditional bowhead-whale hunts.
While Odum says he understands the need to preserve the environment and wildlife of the area, he believes Shell knows how to do that; it drilled offshore wells in Alaska in the early 1980s and 1990s and has voluntarily put together a “conflict-avoidance agreement” with the Alaska Eskimo Whaling Commission. The agreement bars Shell from waters during periods of heavy migration, which is when the hunters go out in small boats, armed with harpoons, to seek 50ft whales. It also calls on Shell to shut down when a whale comes close to its operations. But the environmentalists are not satisfied, which has left the future of Shell’s drilling operation with the courts.
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.
Click to continue reading “Windfall tax lets Alaska rake in billions from Big 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.
Click to continue reading “Oil innovation after years of caution”
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.
Click to continue reading “Riches in the Arctic: the new oil race”
Earlier this year, Royal Dutch Shell PLC spent more than $2 billion acquiring drilling leases in Alaska’s Chukchi Sea.
Click to continue reading “Cold Comfort: Arctic Is Oil Hot Spot”
Energy producers such as Royal Dutch Shell Plc and Chevron Corp. have accelerated exploration of the northernmost regions for untapped reserves amid record prices and receding access to deposits in more hospitable climates.
Click to continue reading “Arctic May Hold 90 Billion Barrels of Oil, U.S. Says”