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Oil Exploration

U.S. Approves Shell Plan to Drill in Gulf of Mexico

By RYAN TRACY

WASHINGTON—The U.S. approved a Royal Dutch Shell PLC plan to drill for oil in five locations deep under the Gulf of Mexico.

The Shell proposal is the second deep-water exploration plan approved in the Gulf since the U.S. government lifted a moratorium on deep-water drilling in October. The moratorium was imposed following the BP PLC oil spill in April 2010. At least six other deep-water plans are pending for the Gulf.

Companies apply for permits to drill after receiving approval for an exploration plan. read more

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BPZ, Shell unit end talks

BPZ Resources Inc. and a unit of Royal Dutch Shell PLC agreed to end talks aimed at jointly exploring for oil and gas in Peru after oil prices slumped.

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FORMER SHELL EXEC GREG HILL NAMED PRESIDENT OF HESS CORPORATION WORLDWIDE EXPLORATION AND PRODUCTION

Hill, 47, joins Hess from Shell, where he has been Executive Vice President, Asia Pacific E&P, encompassing Malaysia, Brunei, Indonesia, the Philippines, China, Australia and New Zealand. He held numerous leadership positions during his 25-year career at Shell that included responsibilities for onshore production in parts of the United States and offshore production in Europe.

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Shell Alaska debates appeal to Beaufort Sea drilling delay

FAIRBANKS — The head of Shell Alaska said the oil giant might appeal a recent court ruling that has indefinitely delayed plans to drill exploratory wells in the Beaufort Sea during 2009.

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IEA Says Fading Oil Production Threatens Supply

International oil majors such asExxon Mobil Corp. and Royal Dutch Shell PLC are being squeezed out of the world's main oil-producing areas by national oil companies.

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Crash in oil exploration puts world ‘on bad path’

Fatih Birol, chief economist at the IEA, said: "We hear almost every day about a project being postponed. This is a major problem."

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Bush Poised to Sign Temporary-Budget Bill

Democratic leaders had hoped to extend the drilling bans, but such a move would have risked drawing opposition from Republicans and the White House. President Bush has announced that he would allow the bans to expire at the end of September. Speaking to reporters on Friday, Marvin Odum, the head of Royal Dutch Shell PLC's U.S. operations, acknowledged that "it is a possibility that [the ban] comes right back on."

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Installation Of Shell Perdido SPAR Make Way For World Deepest Subsea Well

The Shell-operated Perdido Spar has arrived in the deepwaters of the Gulf of Mexico. Perdido will be the deepest oil development in the world, the deepest drilling and production platform in the world and have the deepest subsea well in the world.

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Obama shifts position on offshore oil drilling

Democratic presidential candidate Barack Obama said Friday he would be willing to support limited additional offshore oil drilling if that's what it takes to enact a comprehensive policy to foster fuel-efficient autos and develop alternate energy sources.

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In California, Support Grows for Offshore Drilling

With gas prices rising, California residents are softening their long-held opposition to offshore drilling, a new opinion poll suggests.

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Offshore oil drilling: An early jump in Florida

In March, four companies - Australia-based BHP Billiton Petroleum Deepwater Inc., Houston-based Anadarko E&P Co., Shell Offshore Inc. and Italian oil and natural gas company Eni SpA - purchased leases on 36 Gulf of Mexico tracts under the 2006 compromise.

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Arizona Daily Star: Bush decision on oil backed by industry

The oil industry applauded President Bush's announcement Monday that he would lift an executive ban on offshore drilling...

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Shell to sign deal to explore Jordanian oil shale

AMMAN (MarketWatch) -- Royal Dutch Shell PLC is in the final stages of striking a concession agreement with the Jordanian government to explore oil from the country's vast oil shale, a senior official at the state-run Natural Resources Authority said Thursday.

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Shell injecting new life into Ursa and Princess Fields in Gulf of Mexico

Shell announced today that it has achieved yet another milestone in the Ursa/Princess Waterflood project

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Shell, BP Can Explore for Oil Offshore From Alaska, Judge Rules

Royal Dutch Shell Plc and BP Plc can explore for oil in Alaska's Arctic waters, according to a ruling by a federal judge in Anchorage, who dismissed a lawsuit that sought to block the companies' exploration plans.

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Parties Split on How to Expand Offshore Drilling

...oil companies, amid a global drilling frenzy, are stretched so thin they will be hard-pressed to take on big new projects anytime soon. More than 400 major drilling and production projects are competing for engineers, rigs, seismic equipment and steel to build platforms, and the costs of doing the work have skyrocketed.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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