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Posts Tagged ‘Chukchi Sea’

How to Invest in Arctic Developments After Obama’s Alaska Trip

Arctic developments have great potential, but are they worth the risks? By Debbie Carlson: Sept. 7, 2015 As climate change melts some of the Arctic’s permafrost, natural resource companies and shippers are eyeing the potential to develop a region that is receiving renewed public attention from President Barack Obama’s trip to Alaska. According to global management […]

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 […]

Shell Oil president reports progress in Arctic offshore drilling off Alaska’s

The Arctic ecosystem is already weakened because the ice is melting, yet Shell is willing to risk an oil spill there that they wouldn’t be able to clean up. By Mo Ahmad – September 4, 2015 Alaska’s fiscal crisis seemed unimaginable only a few years ago when oil fields in the North Slope brought in […]

How Royal Dutch Shell Is Addressing Its Dividend Concerns

Christopher F. Davis: Sept 3, 2015 Summary This article is a follow-up to my prior article addressing the company’s dividend concerns. History won’t always repeat itself, so I felt I would talk about what the company is doing in detail and expand on my thoughts. I am betting history continues. As you know, Royal Dutch […]

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 […]

Emma Thompson broke a legal injunction at Shell Centre

The actress broke a legal injunction aimed at stopping Greenpeace activists from crossing a line drawn around the South Bank building  She stuck a giant paw print on the offices with the names of opponents of drilling in the Arctic Shell has been given permission by the US government to drill for oil and gas […]

Act of Mass Defiance Against a Shell Legal Injunction today

Emma Thompson joins Arctic drilling protest against Shell in London Seven million people have joined the Arctic movement by signing up at More than 600,000 from the UK. 02 Sept 2015 Acclaimed British actress and screenwriter Emma Thompson has just announced she will be joining an act of mass defiance against a Shell legal […]

Greenpeace activists install giant polar bear outside Shell’s London headquarters

Rose Troup Buchanan: Wednesday 02 September 2015 Greenpeace campaigners, including actress Emma Thompson, installed an inflatable polar bear the size of a double-decker bus outside Shell’s London headquarters to demonstrate against the company’s drilling in the Arctic on Wednesday. The sixty-odd activists, six of who are attached to the three-tonne bear named Aurora, moved into place […]

Mr. Obama’s Urgent Arctic Message

By THE EDITORIAL BOARD SEPT. 1, 2015 A version of this editorial appears in print on September 2, 2015, on page A24 of the New York edition A presidential trip has enormous power to focus attention on a place and an issue, and President Obama’s trip to Alaska has been minutely choreographed with visits to glaciers, […]

Shell President: ‘Oil Will Be Required for a Long Time’

ANCHORAGE, Alaska — Sep 2, 2015, 12:31 AM ET By DAN JOLING Associated Press The president of Shell Oil Co. said Tuesday exploratory drilling off Alaska’s northwest coast is going well despite stormy weather last week that caused the company to halt operations for a few days. And in an interview with The Associated Press […]

Alaska seeks balanced energy agenda

State leader sees the oil era ending, but development still vital to Alaska’s economy. By Daniel J. Graeber     |   Sept. 1, 2015  ANCHORAGE, Alaska, Sept. 1 (UPI) — Alaska needs to exploit its vast natural resources, but do so in a way that heeds the growing threats of climate changes, the state’s lieutenant governor […]

Drilling in the Arctic could lock us into catastrophic climate change

Annie Leonard: Sept 1, 2015 The Arctic sits at the forefront of a rapidly destabilizing climate, and this week President Obama traveled there to highlight the urgency of our world’s climate crisis. We commend the president for his leadership, and yet this trip comes on the heels of his administration’s decision to allow Royal Dutch […]

Obama’s approval of Arctic drilling ‘undermines his climate message’

US president’s call for action on climate change is at odds with letting Shell drill for oil in the Arctic, says Bill McKibben read more

Shell Arctic Drilling Plans

By: MICHEAL KAUFMAN: Sep 1, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive […]

Obama on Climate Change: Act Now or Condemn World to a Nightmare

by HALIMAH ABDULLAH and M. ALEX JOHNSON: NEWS SEP 1 2015 In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.” Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic […]

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, […]

In Alaska, Obama Highlights Climate Change While His Decisions Draw Accusations of ‘Hypocrisy’

Environmental groups are outraged over his drilling policies. Kate Sheppard: Senior reporter/Environment and energy editor, The Huffington Post WASHINGTON — As President Barack Obama visits Alaska this week, he is facing criticism and outright outrage from environmental advocates who say his focus on climate change while in the region contradicts his administration’s decision to allow Shell […]

Discussing the costs of disaster for offshore US oil : Regulation and Environment

In this week’s Oilgram News column, Regulation and Environment, Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders. By Gary Gentile | August 31, 2015 Opponents of offshore drilling in frontier environments, such as the Arctic, have opened up a new front in their effort to curtail such […]

Arctic Drilling: A Giant Gamble for the Planet and Shell’s Bottom Line

Kieran Cooke, Climate News Network | August 31, 201 Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 percent of the world’s remaining hydrocarbon resources—including at least 90 billion barrels of oil. If Shell does strike oil in big quantities […]

Obama set to visit Alaska’s Arctic Circle amid charges of hypocrisy

Environmental advocates say decision to permit Shell to set rig off Alaska has tarnished president’s climate legacy August 31, 2015  by Renee Lewis @Renee5Lewis55 & Michael Pizzi @michaelwpizzi President Barack Obama is set to become the first serving U.S. president to witness firsthand the impact of global warming in Alaska’s Arctic Circle when he visits […]

700 Walrus Seen Near Shell Oil Rigs in Arctic as Obama Visits Alaska

World View | August 31, 2015 Thousands of Pacific walrus are coming ashore on the northwest Arctic coast of Alaska, repeating a migratory change for the walrus which U.S. Geological Survey (USGS) scientists have called a clear effect of loss of Arctic Ocean sea ice on which the animals rely. As the walrus swim south from the […]

Oil prices slide as Obama lets Shell drill in the Arctic

As the giant Shell oil company begins highly controversial and risky exploration drilling in the Arctic, the price of crude continues to slide. Kieran Cooke from Climate News Network reports: 31 August 2015 It’s a gamble — some would say a giant gamble. Before even one litre of oil has been found, the Anglo-Dutch Shell group is […]

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015 WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element […]

Records detail equipment failure on Arctic drilling rig

“The company’s repeated failures in basic readiness tests show that when things go wrong in the Arctic ocean, it will be a disaster…” By Jennifer A. Dlouhy: August 30, 2015 WASHINGTON — Newly released documents reveal the extent of problems with anti-pollution equipment on a Shell-contracted Arctic drillship earlier this year. The records, provided by […]

U.S. Is Seen as Laggard as Russia Asserts Itself in Warming Arctic

Sources: American Association of Petroleum Geologists, Bureau of Ocean Energy Management, IBRU at Durham University, Bordermap Consulting, KlimaCampus Integrated Climate Data Center, U.S. Geological Survey: By The New York Times By STEVEN LEE MYERSAUG. 29, 2015 ABOARD COAST GUARD CUTTER ALEX HALEY, in the Chukchi Sea — With warming seas creating new opportunities at the top […]

President Obama Defends Shell Arctic Drilling Decision

By: MICHEAL KAUFMAN: Aug 29, 2015  Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change President Obama has defended his decision to grant approval for drilling in the Arctic region, ahead of his trip to Alaska. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) had been seeking the […]

Obama says climate change is real, despite what skeptics say

“We made it clear that Shell has to meet our high standards in how they conduct their operations – and it’s a testament to how rigorous we’ve applied those standards that Shell has delayed and limited its exploration off Alaska while trying to meet them.” By Bruce Alpert, | Times-Picayune: 29 August 2015 WASHINGTON – President Barack […]

Shell offshore drilling application prompts conflict-of-interest charge

By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who worked at Shell Canada and […]

Obama defends Shell Arctic drilling decision

By AFP 29 August 2015 Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea. The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of […]

Shell Pauses Arctic Offshore Drilling for High Wind, Water

ANCHORAGE, Alaska — Aug 28, 2015 By DAN JOLING Associated Press Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean. “Due to high wind and sea states, we have paused all critical operations in the Chukchi […]

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

By: MICHEAL KAUFMAN: Aug 28, 2015 On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters. The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The […]


“Shell goes bananas” – Greenpeace protest against oil drilling in the Arctic (Picture: Screenshot/Facebook/Greenpeace Nederland) Posted on Aug 28, 2015 by Janene Van Jaarsveldt Environmental activists Greenpeace placed a giant banana peel on the roof oil company Shell’s office in Amsterdam on Friday morning. This giant banana peel is another protest against the company’s oil […]

High winds cause flooding in Barrow, prompts Shell to pause oil drilling

Yereth Rosen and Alex DeMarban: 27 August 2015 Huge, wind-whipped waves crashed onto the shore at Barrow on Thursday, forcing the closure of a nearby road, the National Weather Service reported. Westerly winds were gusting up to 50 miles an hour, pushing waves up to the top of the beach and causing some erosion, the National Weather Service said. […]

Shell Leaves ALEC, Is Still Terrible

Shell remains one of the dirtiest, corrupt and dangerous companies ever known, and no amount of green-washing can hide that simple fact. Derrick Crowe: 27 August, 2015 Earlier this month, Royal Dutch Shell announced it would allow its membership in the American Legislative Exchange Council, or ALEC, to expire. ALEC is a major force behind […]

Shell exploration drilling advances at Burger J prospect

BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE: 26 Aug 2015 Shell is keeping a tight lid on information about its Chukchi Sea drilling for now. The semi-submersible Polar Explorer is at work drilling the first well in Shell’s 2015 program, Burger J, and a weekly report issued Aug. 25 by the U.S. Bureau of Safety […]

Charlotte Church joins the campaign trail once again as she performs a requiem in musical protest over Arctic drilling

By REBECCA DAVISON FOR MAILONLINE: 26 August 2015 Singer Charlotte Church joined a protest rally outside the Shell headquarters in London on Wednesday in protest over Arctic drilling on behalf of Greenpeace.  The 29-year-old took to the streets to lead a performance of Requiem for Arctic Ice as well as The Bitter Earth outside the building, […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

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 […]

‘Both sides are unhappy’: Obama’s Arctic drilling green light heightens tensions

State Department official says administration’s stance on oil drilling program continues to spur criticism as Hillary Clinton joins list of opponents Oliver Milman in Washington: Friday 21 August 2015 A senior official at the State Department has admitted there is an “obvious tension” between the US’s commitment to combat climate change and its approval of Shell’s […]

Shell begins ‘high-risk’ drilling for Arctic oil

Robin Pagnamenta Energy Editor: August 22, 2015 Shell has begun the final stage of its $7 billion attempt to drill for oil in Alaska’s remote Chukchi Sea. Despite tumbling oil prices and opposition from Hillary Clinton and conservationists, this weekend a steel drill bit was grinding its way through rocks deep beneath the icy waves. […]

Charlotte Church adds her voice to Arctic oil protest

Emma Howard: Friday 21 August 2015 Her performance is part of a month-long protest that Greenpeace is staging, with different groups – from brass bands to bagpipes – playing the same four-piece movement every day during August to highlight Shell’s Arctic venture. The project was inspired by the string quartet on the Titanic, who continued […]

Shell will despoil the Arctic. But Barack Obama is the real villain here

Clinton nailed Obama this week: “The Arctic is a unique treasure. Given what we know, it’s not worth the risk of drilling,” she wrote. Others put it more strongly: “It’s perplexing and depressing to hear President Obama say he wants to fix climate change but then approve Arctic drilling. FULL ARTICLE

Hillary Clinton scuppers Shell’s plan to drill for oil in the Arctic

By CITY & FINANCE REPORTER FOR THE DAILY MAIL PUBLISHED: 19 August 2015 Royal Dutch Shell’s Arctic ambitions have sparked a political row in the US after presidential candidate Hillary Clinton opposed its plans. President Obama’s administration gave Shell the final green light to drill for oil and gas in the Arctic this week – which […]


by Janene Van Jaarsveldt: 18 August 2015 Greenpeace has launched a boycotting action against Shell in response to the oil company receiving the final go-ahead from the American government for drilling in Alaska, AD reports. On Monday the United States government gave Shell final permission to start test drilling in Alaska, provided that the company has […]

Green fury after Shell is given go-ahead for Arctic drilling

Green fury after Shell is given go-ahead for Arctic drilling US President accused of ‘double-speak’ by activists as Hillary Clinton joins chorus of criticism DAVID USBORNE , TOM BAWDEN: THE INDEPENDENT: Wednesday 19 August 2015 Shell has been granted final permission by the US regulatory authorities to begin exploratory drilling for oil and gas beneath the […]

Shell faces huge risks and potential rewards with an Arctic adventure

Shell has been given the green light to drill in the Arctic but as well as the opportunity for huge rewards, the inhospitable region brings huge risks By Ben Marlow: 18 Aug 2015 In James Cameron’s epic science fiction film Avatar, humans travel to the moon Pandora in search of a highly valuable mineral that will […]

Shell shares slump as it gets green light for Arctic drilling

TOM BAWDEN: THE INDEPENDENT: Tuesday 18 August 2015 Shell’s shares slumped today after the US government finally gave it the green light to drill for oil and gas in the Arctic Ocean. The FTSE 100 oil giant will be able to explore the ocean floor for hydrocarbons for the first time since 2012, when a series […]

Shell gets final nod to drill in Arctic Ocean

By Seattle Times staff Seattle Times news services WASHINGTON — The federal government Monday gave Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades. President Obama is ending restrictions on Shell’s drilling in the Arctic Ocean — […]

Shell gets final permit for Arctic oil drilling

Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic. Shell began work last month, but was allowed to drill just the top sections of two wells, off the coast of Alaska. Environmental campaigners are against the drilling which they […]

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 […]