Waves crash over the drilling unit Kulluk where it sat aground on the southeast side of Sitkalidak Island, Alaska, Jan. 1, 2013. (U.S. Coast Guard photo by Petty Officer 3rd Class/Jonathan Klingenberg.)

Kulluk drilling rig accident stokes fresh fears on Arctic drilling

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The grounding of Shell’s Kulluk drilling rig amid a fierce storm in the Gulf of Alaska raised the specter of a fuel spill in the region and provided fresh fodder to drilling foes who insist Arctic oil exploration is too risky to allow. The episode also cast doubt on whether Shell Oil Co. will be able to resume its hunt for Arctic oil this year.

Shell drill ship grounded off Alaska

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The Kulluk, which was being towed south to Seattle after drilling in the Beaufort Sea, ran aground on Sitkalidak Island in the Gulf of Alaska
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Snapchat withstands Facebook challenge

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The smartphone app, whose popularity among teenagers has made it a US hit, has been in the App Store’s top 10 for the past few months
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Differences remain over US budget talks

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Weary congressmen and senators face more late-night budget bargaining in the coming months despite agreement concerning fiscal cliff
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Waves crash over the drilling unit Kulluk where it sat aground on the southeast side of Sitkalidak Island, Alaska, Jan. 1, 2013. (U.S. Coast Guard photo by Petty Officer 3rd Class/Jonathan Klingenberg.)

Shell’s Kulluk drilling rig runs aground near Alaskan island

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Shell’s Kulluk drilling rig ran aground Monday night near Alaska’s Kodiak Island after a five-day fight to tow the vessel through a fierce storm and 70-mph winds.

Shell In the Arctic: Why Ecological Services Valuation Needs to be Part of E & P Investment Analysis

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The 2013 New Year’s holiday did not start out smoothly for the oil industry with news that Royal Dutch Shell’s ice-reinforced hull Kulluk oil-drilling ship, which is carrying 150,000 gallons of diesel and about 12,000 gallons of lube oil and hydraulic fluid, had run aground as it was being towed to avoid an Arctic storm […]
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Remaking BP has yet to pay off

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Pursuing a strategy some have called ‘shrink to grow’, the oil group has impressed with its divestment programme but growth is still a way off
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Boeing to overtake Airbus jet deliveries

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Analysts expect US manufacturer to maintain its lead until at least 2015 as group cranks up production of 787 Dreamliner
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Chávez said to be in ‘stable’ condition

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Leader’s son-in-law and Venezuela’s science minister urges supporters to ignore ‘ill-intentioned’ rumours as president suffers after surgery
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(AP Photo/Brennan Linsley)

Wind tax credit in Senate fiscal cliff legislation

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Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations, as compromise legislation passed by the Senate on Tuesday morning included a tax credit for renewable energy, according to the Associated Press.