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Posts Tagged ‘Oil Exploration’

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.

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.

Bush’s last gasp on oil

America’s energy independence will not be found in offshore oil drilling.

Shell delays Alaska drilling plan due legal dispute

ANCHORAGE, Alaska (Reuters) – Shell Oil (RDSa.L: Quote, Profile,Research) said on Friday it would delay its 2008 drilling plan in Alaska’s Beaufort Sea for a year because of an ongoing legal challenge filed by groups concerned about the potential impact on whales, walruses and other marine mammals.

EPA permit brings Shell a step closer to drilling in Beaufort Sea

The EPA permit allows Shell Offshore Inc., a subsidiary of Dutch-owned Royal Dutch Shell PLC, to release up to 245 tons of nitrogen oxides at each of its drilling sites in the Beaufort Sea.

The ‘Idle’ Oil Field Fallacy

A bill introduced in Congress this week would “compel” oil and natural gas companies to produce from federal lands they are leasing. If only it were that easy to find and produce oil. Imagine, an act of Congress that could do what geology could not.

Bush calls for lifting of ban on Alaska oil drilling

George Bush, responding to public alarm over soaring petrol prices, yesterday proposed overturning decades-old bans on drilling for oil off the US coast and in the pristine Alaskan wilderness.

Bush backs candidate on oil drilling

George W. Bush yesterday offered his support to John McCain’s plan to lift the ban on fresh oil drilling off the US coast and accused Democrats of contributing to record energy prices by restricting domestic production.

Bush urges offshore oil drilling

President George W Bush is to ask Congress to end a 27-year ban on drilling for oil in US coastal waters, the White House says.

Bush Will Seek to Drop a Drilling Ban

President Bush, reversing a longstanding position, will call on Congress on Wednesday to end a federal ban on offshore oil drilling…

$4 Gasbags

Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress’s recent antics. Members have debated ideas ranging from suing OPEC to the Senate’s carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for “price gouging” – everything except expanding domestic energy supplies.

ENI makes subsea discovery in deep waters offshore USA

Eni owns a 15% working interest in Stones. Shell (operator 35%), Marathon (25%), and Petrobras (25%) are the other partners.