Daily Archives: January 1, 2013
Kulluk drilling rig accident stokes fresh fears on Arctic drilling
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. More »
Shell drill ship grounded off Alaska
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 More »
Snapchat withstands Facebook challenge
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 More »
Differences remain over US budget talks
Weary congressmen and senators face more late-night budget bargaining in the coming months despite agreement concerning fiscal cliff More »
Shell’s Kulluk drilling rig runs aground near Alaskan island
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. More »
Shell In the Arctic: Why Ecological Services Valuation Needs to be Part of E & P Investment Analysis
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 [...] More »
Remaking BP has yet to pay off
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 More »
Boeing to overtake Airbus jet deliveries
Analysts expect US manufacturer to maintain its lead until at least 2015 as group cranks up production of 787 Dreamliner More »
Chávez said to be in ‘stable’ condition
Leader’s son-in-law and Venezuela’s science minister urges supporters to ignore ‘ill-intentioned’ rumours as president suffers after surgery More »
Wind tax credit in Senate fiscal cliff legislation
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. More »
China to outstrip Europe car production
In 2013 the country is expected to make 19.6m cars and other light vehicles, compared with 18.3m in Europe. More »
US Senate approves fiscal cliff deal
Republicans in the House of Representatives are preparing to meet to consider the bipartisan budget compromise cleared early on Tuesday More »
Follow Us:
© 2013 Hearst Communications Inc.