Three Oil Giants Suspend Chukchi and Beaufort Sea Drilling Plans Royal Dutch Shell started the trend by nixing its 2013 Arctic offshore drilling plans altogether because of equipment problems, the company announced on February 27. About a week later, Norwegian conglomerate Statoil said it would hold off on drilling until at least 2014. Most recently, [...]
Posts Tagged ‘ConocoPhillips’
Noble Corp says Royal Dutch Shell Plc in talks to renew Arctic rig contract
By Reuters | 18 Apr, 2013, 08.41PM IST Noble Corp, owner of the world’s third-largest offshore drilling fleet, said on Thursday Royal Dutch Shell Plc was in talks to extend its contract to use the Noble Discoverer beyond February 2014, underlining its long-term plans for the offshore Arctic. The Discoverer is undergoing repairs in South [...]
Should the U.S. Expand Offshore Oil Drilling?
A version of this article appeared April 15, 2013, on page R6 in the U.S. edition of The Wall Street Journal, EXTRACT In the bureau’s 2012-17 plan, the Arctic waters of the Beaufort and Chukchi seas off Alaska are the chief areas slated for expanded leasing outside the Gulf. Environmental groups fear that drilling in [...]
Shell has spent $4.5 BILLION on Arctic exploration without completing a well
To Reinvigorate Production, Alaska Grants a Tax Break to Oil Companies By CLIFFORD KRAUSS: A version of this article appeared in print on April 16, 2013, on page B3 of the New York edition Hoping to reverse two decades of declining oil production in Alaska, the State Legislature in Juneau has granted oil companies an [...]
ConocoPhillips delays 2014 Arctic marine drilling
By DAN JOLING, Associated Press 10 April 2013 ANCHORAGE, Alaska (AP) — ConocoPhillips Alaska announced Wednesday it will not drill in Arctic waters off Alaska’s northwest shore in 2014. Environmental groups hailed the decision and said the experience of Royal Dutch Shell PLC in 2012 demonstrated that oil companies are not prepared to drill in [...]
Move Over Shell, ConocoPhillips Looking to Drill in the Chukchi Sea in 2014
“We’re not going to bring up a 30-year-old piece of equipment,” said Mike Faust, ConocoPhillips’ Chukchi program manager, during the meeting in Anchorage. By gCaptain Staff On March 8, 2013 ConocoPhillips on Thursday revealed that it is moving ahead with plans to drill up to two exploratory wells in Alaska’s arctic waters in 2014 where [...]
Selection of links to Shell related articles: 21 February 2013
Selection of links to Shell related articles kindly supplied by a regular contributor ExxonMobil Witness in Trial Says MTBE Raised Cancer Risk: Bloomberg: Shell Oil Co., Sunoco Inc., ConocoPhillips (COP), Irving Oil Ltd., Vitol SA and Hess Corp. settled before the trial began. The New Hampshire … Five reasons the Keystone XL pipeline is bad [...]
As Shell’s Arctic Drilling Hopes Hit Snags, Its Rivals Watch
HOUSTON — Royal Dutch Shell’s Arctic drilling program is now officially in jeopardy and its prospects will depend on the findings of two continuing federal inquiries. One review is on the grounding of the Kulluk drill ship on New Year’s Eve after it was set adrift for five days in stormy weather, and the other [...]
Selection of Shell related article links 17 Jan 2013
Selection of Shell related article links kindly supplied by a regular contributor As one ship enough to tow Shell oil drilling rig in Gulf of Alaska?: Anchorage Daily News-Jan 14, 2013: Mass was so irritated by Shell’s assertions that he wrote a lengthy post disputing them on his weather blog. “Shell Oil made a misguided [...]
Development challenge of Kazakhstan’s giant oilfield
Kashagan – a giant offshore oil field in the Caspian Sea – The project is better known (in Shell circles) as “Cash all gone” 7 December 2012 By Rayhan Demytrie BBC News, Kashagan oil field, Kazakhstan t has cost $46bn (£28.8bn) to develop Kazakhstan’s most ambitious project, Kashagan – a giant offshore oil field in [...]
Inflation, Politics Seen Capping North America LNG Exports-Shell
By Selina Williams LONDON–Inflation and U.S. domestic politics are likely to limit the amount of liquefied natural gas exported from proposed projects in North America to around 60 million to 70 million tons a year over the next decade, Royal Dutch Shell PLC’s (RDSB.LN) Chief Financial Officer Simon Henry said Tuesday. Currently companies including ExxonMobil [...]
Selection of Article Links: 24 October 2012
Selection of article links supplied by a regular contributor Study for Shell’s Jackpine Oil Sands Mine Predicts ‘Unprecedented … Inside Climate News-Oct 22, 2012 Study for Shell’s Jackpine Oil Sands Mine Predicts ‘Unprecedented’ Losses in Animal Habitat (Edmonton Journal) · Methane Found in Drinking … Shell’s Tar Sands Expansion Could Be Illegal SustainableBusiness.com-Oct 22, 2012 [...]
As the Arctic Opens for Oil, the Coast Guard Scrambles
By Carol Wolf and Kasia Klimasinska on July 26, 2012 Royal Dutch Shell (RDS/A) has spent $4.5 billion since 2005 preparing to explore for oil off Alaska’s north coast in the Arctic. Shell, which may begin drilling next month, is one of at least six companies planning to extract oil, gas, and minerals from the Arctic [...]
Romney Tax Plan: Many Happy Returns for Big Oil
By Daniel J. Weiss, Seth Hanlon | July 31, 2012 Republican presidential candidate Mitt Romney’s economic plan slashes corporate tax rates while failing to identify a single corporate tax loophole to eliminate. Highly profitable large oil companies that already enjoy lucrative tax breaks stand to receive some of the biggest benefits from Gov. Romney’s plan. [...]
Shell May Trim 2012 Alaska Drilling for Inspections, Ice
By Katarzyna Klimasinska on July 26, 2012 Royal Dutch Shell Plc (RDSA) may have to scale back its Arctic oil-exploration this year after unrelenting ice and trouble passing U.S. Coast Guard inspections delayed the planned July start of drilling. The company’s fleet remains in Dutch Harbor, Alaska, days away from the Chukchi and Beaufort seas [...]
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