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Posts Tagged ‘Beaufort Sea’

Shell the company most criticised by campaigners

Sunday 17 JAN 2016 German carmaker Volkswagen was one of the “most disliked” companies for pressure groups last year following its emissions scandal, a survey has found. Shell was the most criticised by campaigners, followed by Monsanto, which makes genetically modified food. Half of the top-10 most criticised companies on Sigwatch’s list were energy firms, […]

Shell dividend could be under threat over audacious takeover of gas specialist BG Group

By LAURA CHESTERS FOR THE DAILY MAIL: 16 JAN 2016 The last time Royal Dutch Shell cut its dividend was in 1945 when the Netherlands had just endured the ‘Hunger winter’ under Nazi occupation before the end of the Second World War. Now investors are worrying their treasured dividend could be under threat again. Shell […]

Shell lease requests offshore Alaska face scrutiny

Shell is challenging a decision by the federal government to deny its request to suspend leases in the Arctic waters off the coast of Alaska that would expire in 2017 and 2020. Federal leases expire at the end of their terms unless operators are engaged in drilling or related activity. ANCHORAGE, Alaska, Jan. 14 (UPI) […]

At what point in the continuing collapse in oil prices will Shell be forced to pull out of the BG Group deal?

By John Donovan: 7 JAN 2016 The continuing collapse in the price of oil is turning into a nightmare for the board of Royal Dutch Shell Plc.  Especially for CEO Ben van Beurden and CFO Simon Henry, who have staked their reputations on completing Shell’s takeover of the BG Group. This would not be the first major […]

Shell working to protect assets offshore Alaska

Dutch supermajor notes the challenge does not equate to a resumption of drilling activity. By Daniel J. Graeber: Dec. 17, 2015 WASHINGTON, Dec. 17 (UPI) — While Royal Dutch Shell said it aims to protect its drilling rights in the Arctic waters offshore Alaska, it said drilling was off the table for the foreseeable future. […]

Economics, not just regulation, sidelined Shell’s offshore Alaska drilling plans

Dermot Cole: December 8, 2015 Fresh assertions that the Obama administration smothered Shell’s Arctic dreams followed the news that Statoil gave up on its leases, the second company to abandon plans to look for oil in the Chukchi Sea. Citing market conditions and noting the leases “are no longer considered competitive within Statoil’s global portfolio,” the Norwegian company announced its withdrawal plans Nov. […]

Some Thoughts On Royal Dutch Shell’s Dividend In 2016

Casey Hoerth, Casey’s Finance Journal (Blog) : Nov. 25, 2015  Summary Shell expects substantial cost savings and capex cuts in 2016. Dividend sustainability in 2016 will depend on Brent crude prices. At this time, I prefer companies that can actually acquire with oil at these prices. Back in April, I wrote that Royal Dutch Shell’s (NYSE:RDS.A) dividend, […]

BP and Shell profits poised to fall by half

Terry Macalister Energy editor: 25 October 2015 EXTRACTS BP and Shell are set to unveil a drop of more than half in their third-quarter profits this week, raising new questions about their ability to retain dividends and avoid further job losses. Shell has recently carried out its own cost reductions by trimming jobs in Aberdeen and […]

US Follows Royal Dutch Shell plc Backs Away From Arctic Drilling

By: Micheal Kaufman: Oct 19, 2015 The US Interior Department announced on Friday that it will cancel the auction of 2016 and 2017 natural gas and offshore oil leases in the Arctic Ocean. The auction was scheduled under the Department’s current five-year Chukchi Sea leasing program for 2012–2017. The division cited low crude oil prices and […]

US curbs Arctic offshore oil and gas drilling

The US government has announced new curbs on oil and gas exploration in Arctic waters off Alaska’s northern coast. It comes after oil giant Royal Dutch Shell last month stopped its Arctic activity citing “disappointing” tests. The US interior department said it was cancelling two potential Arctic offshore lease sales and would not extend current […]

U.S. Blocks Alaskan Arctic Drilling for 2 Years

By CLIFFORD KRAUSS: OCT. 16, 2015 HOUSTON — The Obama administration shut the door Friday on drilling in Alaska’s Arctic Ocean over the next two years, canceling auctions for drilling rights in the Chukchi and Beaufort seas. The decision by the Interior Department was not surprising because it came less than a month after Shell Oil […]

The risks of wildcatting in the Arctic

A former Shell Oil executive and catastrophic risk expert on the nightmare scenario when oil and ice mix. by Lauren Ellis @lauren_jellis: October 15, 2015 Two drill vessels officially left Arctic waters after Royal Dutch Shell announced that the company would cease exploration in the Chuckchi and Beaufort seas. After a $7 billion investment and […]

Shell’s drilling vessels leave Arctic waters after company ends oil exploration off Alaska

DAN JOLING: Associated Press: Oct. 13, 2015 ANCHORAGE, Alaska (AP) — Two drill vessels employed by Royal Dutch Shell PLC off Alaska’s northwest coast have safely departed Arctic waters for the Pacific Northwest. The 572-foot Noble Discoverer, owned by Noble Drilling U.S. LLC, reached Dutch Harbor in the Aleutian Islands on Sunday afternoon. After a Coast Guard […]

Shell Is Reeling After Pulling Out of the Arctic

BY ANTONIA JUHASZ / OCTOBER 13, 2015 Earlier this month, Shell’s tumultuous Arctic drilling campaign came to an abrupt and costly end. In a written statement, the company announced the cessation of its offshore Alaska activities “for the foreseeable future”—at a loss of billions of dollars. This both stunned and thrilled critics, many of whom […]

Myths about Shell’s Arctic Alaska pullout persist

Yereth Rosen: Alaska Dispatch News: October 3, 2015 When Royal Dutch Shell announced that it had lost its big-money bet in the Chukchi Sea and would end its entire program in the offshore U.S. Arctic, the hyperbole and finger-pointing began in earnest. Rep. Don Young accused President Obama and Interior Secretary Sally Jewell of deliberately sabotaging Alaska’s economy. “I’m […]

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

FoxNews.com: 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’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 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 […]

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 […]

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 […]

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, […]

Concerns mount over whale deaths in Gulf of Alaska

Ryan Schuessler: August 24  KODIAK, Alaska – Researchers are scrambling to determine what’s behind the death of 30 whales in the Gulf of Alaska as unusually warm ocean temperatures continue to wreak havoc on the region. Since May 2015, 14 fin whales, 11 humpback whales, one gray whale and four unidentified specimens have been found dead […]

U.S. gives Shell final nod to drill for oil in Arctic

Markets | Mon Aug 17, 2015 By Timothy Gardner Aug 17 (Reuters) – The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight. The U.S. Department of the […]

The New Cold War: The Arctic

It could set major oil companies against each other but also superpower against superpower as they scramble to exploit the last untapped giant reserves in a part of the world where territorial boundaries remain unclear. No wonder some fear a new cold war. FULL ARTICLE WELL WORTH READING

Can Shell afford Arctic oil?

Karl Mathiesen: Wednesday 12 August 2015 This is the first time the Anglo-Dutch giant’s star-crossed Arctic programme will drill deep enough to hit oil. The company has reportedly spent $7bn (£4.5bn) on getting to this point, including replacing its prize Kulluk rig after it ran aground off Alaska in 2012. For them to gain any […]

Ann Pickard: the little-known executive leading Shell’s gamble on Arctic oil

Pickard is known as one of the oil industry’s toughest political operators with a history of doing whatever it takes to further Shell’s interests – and the Arctic is ‘just too big a prize’ to leave read more

Shell-BG merger approved by Brazil

THE HAGUE, July 24, 2015 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG […]

Arctic drilling: Obama gives Shell the go-ahead despite 75% chance of major oil spills

ALICE HARROLD: THE INDEPENDENT: Friday 24 July 2015 The Obama administration has granted permission to Royal Dutch Shell to drill for oil in the Chukchi Sea, off the northwest coast of Alaska. The company was given the final approval for its application to drill in the Arctic on Wednesday in what was a major loss for […]

Feds say Shell completed test for blow-out well response ahead of Arctic drilling

Feds say Shell completed test for blow-out well response ahead of Arctic drilling Posted on June 18, 2015 | By Jennifer A. Dlouhy WASHINGTON — Shell employees and contractors successfully deployed and tested emergency equipment meant to respond to a blown-out well in the Arctic Ocean, federal regulators said Thursday. The exercises, conducted Tuesday and […]

Greenpeace protesters confront Shell Arctic drilling rig off B.C. coast

Greenpeace protesters confront Shell Arctic drilling rig off B.C. coast Royal Dutch Shell drilling rig left Seattle Monday en route to offshore oil drilling in Alaska Protests against Royal Dutch Shell’s Arctic drilling program continued Wednesday, with Greenpeace activists confronting the drilling rig off the coast of B.C. on its trip north from Seattle, Wash. […]

Shell Arctic Drill Rig Confronted at Sea by Indigenous Activists and Greenpeace Canada

Press release from Greenpeace June 17, 2015 – 4:51pm – By The Arctic Journal Indigenous artist and activist Audrey Siegl today approached the 300-foot-tall Polar Pioneer drill rig in an inflatable boat launched from the MY Esperanza, while two Greenpeace Canada swimmers spread out in the water behind her to put their bodies in the […]

Shell Gets U.S. Permit to Disturb Marine Life Off Alaska’s Coast

Bloomberg.com article by Mark Drajem: June 16, 2015 Royal Dutch Shell Plc received U.S. approval to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast. The National Oceanic and Atmospheric Administration issued an “incidental harassment authorization,” which allows noise from air guns, icebreaking, drilling and anchor handling. The June […]

We Must Stop Shell Oil

We Must Stop Shell Oil Jane Fonda Activist, advocate and actress I’ve been in Vancouver for two days where I joined with Greenpeace activists, First Nations peoples, parents, grandparents, professors, students at an amazing 6-hour “Toast The Coast” rally on Jericho Beach to celebrate the pristine beauty of the Northwest coastline and to stop Big Oil […]

Shell arctic oil rig leaves Seattle, met by protesters

Shell arctic oil rig leaves Seattle, met by protesters Michael Konopasek and Travis Pittman, KING 5 News: 15 June 2015 SEATTLE – The Shell Oil arctic drilling rig Polar Pioneer headed out of Seattle Monday on its way to Alaska but not before an attempted blockade by protesters in kayaks. Greenpeace says the Coast Guard […]

Kayak protesters detained after trying to stop Shell oil rig from leaving Seattle for Alaska

Kayak protesters detained after trying to stop Shell oil rig from leaving Seattle for Alaska By PHUONG LE Associated Press JUNE 15, 2015 SEATTLE — The U.S. Coast Guard says it has detained several protesters in kayaks who tried to block Royal Dutch Shell’s drill rig as it leaves Seattle on its way to explore […]

‘Kayaktivists’ take to water to try and blockade Shell oil platform

“Kayaktivists” take to water to try and blockade Shell oil platform POSTED 5:14 AM, JUNE 15, 2015, BY JOHN WHITE SEATTLE – Anti-Shell Oil “kayaktivists” took to the waters of Elliott Bay Monday morning, to try and blockade Shell Oil’s “Polar Pioneer” oil rig platform.  Thirteen protesters got into kayaks and headed toward the oil rig […]

Shell wins two more permits for planned Arctic drilling campaign

Shell wins two more permits for planned Arctic drilling campaign By Jennifer A. Dlouhy: 13 June 2015 WASHINGTON — Shell has nabbed two more critical government approvals for its planned exploratory oil drilling in the Arctic Ocean this summer. The latest authorizations came from the Environmental Protection Agency, which is allowing Shell to discharge wastewater […]

Royal Dutch Shell Arctic Challenger Sets Sail for Alaska

Bidness Etc takes a look at the first vessel in Shell’s Arctic drilling fleet setting off for Alaska By: MICHEAL KAUFMAN: Jun 12, 2015  According to oil giant Royal Dutch Shell plc (ADR) (NYSE:RDS.A) the first vessel in its Arctic drilling fleet, The Arctic Challenger, has set sail from Washington state to Alaska. The fleet intends […]

Arctic drilling opponents hanging from Shell ship in Washington state

Arctic drilling opponents hanging from Shell ship in Washington state Seattle, June 12, 2015 Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent north to Alaska to resume drilling for oil and gas in the […]

Arctic energy debate can be more than Shell rigs and Greenpeace protests

Arctic energy debate can be more than Shell rigs and Greenpeace protests Victoria Herrmann: June 12, 2015 Today, the phrase “Arctic energy” has become synonymous with snowy oil rigs, icy ocean exploration, and Greenpeace activists. The recent conditional approval of Shell’s plans to drill in the Chukchi Sea has reinforced this narrow delineation of energy debates about the […]

First vessel in Shell’s Arctic drilling fleet heads for Alaska

First vessel in Shell’s Arctic drilling fleet heads for Alaska SEATTLE, JUNE 11 | BY VICTORIA CAVALIERE The first vessel in Royal Dutch Shell’s Arctic drilling fleet has embarked from Washington state to Alaska ahead of its planned resumption of oil and gas exploration in the remote region this summer, the company said on Thursday. […]

Port commissioner getting donations from executives involved in Shell deal

Port commissioner getting donations from executives involved in Shell deal By Joseph O’Sullivan: Seattle Times Olympia bureau: June 11, 2015 As Port of Seattle Commissioner Bill Bryant raises money for his gubernatorial campaign, he’s getting help from executives in companies involved in the deal to bring Shell Oil drilling equipment to a Seattle port terminal. Bryant, a […]

U.S. appeals court rejects challenge to Shell spill plans in Alaska

U.S. appeals court rejects challenge to Shell spill plans in Alaska Business News | Thu Jun 11, 2015 3:47pm BST A divided federal appeals court rejected an effort by environmental groups to void a U.S. agency’s approval of two oil spill response plans by Royal Dutch Shell Plc (RDSa.L) related to the company’s oil leases […]

By Jane Fonda, actress, writer, and activist. The China Syndrome actress on the dangers of Shell drilling for oil In less than 30 days, Royal Dutch Shell wants to begin drilling for oil in the newly ice-free parts of the Alaskan Arctic. The company is ignoring the advice of engineers and scientists around the world […]

Anti-Arctic drilling activists arrested at Seattle harbor

By KOMO Staff Published: Jun 9, 2015 Anti-Arctic drilling activists arrested at Seattle harbor SEATTLE – Five activists opposed to undersea oil drilling off the north shore of Alaska were arrested as they continued their ongoing series of protests Tuesday morning, blocking a Seattle terminal where a Royal Dutch Shell arctic oil rig is being […]

Seattle protesters seek to block access to Shell Arctic drilling rig

Seattle protesters seek to block access to Shell Arctic drilling rig Business News | Tue Jun 9, 2015 6:29pm BST A group of protesters gathered at the Port of Seattle on Tuesday seeking to block workers attempting to reach a Royal Dutch Shell (RDSa.L) drilling rig that could depart this week to resume fossil fuel […]

Anti-Shell protesters blocking Terminal 5

Anti-Shell protesters blocking Terminal 5 Activists say they want to prevent the drilling rig from leaving Seattle on time, en route to Alaska. By Evan Bush: Seattle Times staff reporter: 9 June 2015 Activists demonstrating against Shell’s oil rig are blocking entrances to Terminal 5 in Seattle. Stina Janssen, a spokeswoman for ShellNo, said the protesters […]

What’s Latest On Protest Against Royal Dutch Shell plc In Seattle?

What’s Latest On Protest Against Royal Dutch Shell plc In Seattle? Bidness Etc takes a look at the latest developments taking place in Seattle as the activists oppose the terminal’s use on the Port of Seattle by Shell to park its Polar Pioneer rig By: MICHEAL KAUFMAN: Published: Jun 9, 2015  Multiple developments have taken place […]

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