Category: Arctic

Obama withdraws Alaska’s Bristol Bay from drilling

Obama says in a video announcement that the natural resource is too precious to be put out to the highest bidder.  More »

Alaska faces $3.5B deficit amid lower oil prices

The state is expected to dip into savings to get by. Gov. Bill Walker, who took office Dec. 1, has warned of lean times ahead.  More »

Noble pleads guilty to violations involving Arctic drillship

Noble Corp. pleaded guilty Monday to eight criminal charges tied to pollution, propulsion and record keeping problems with the two drilling rigs that bored Arctic oil wells for Shell in 2012.  More »

Unfazed by slump, Austria’s OMV moving forward on development of 1 billion-barrel Arctic field

Tumbling oil prices aren’t deterring OMV AG from its Arctic ambitions.  More »

Statoil suspends two North Sea oil rigs

Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity.  More »

Statoil projects big returns from massive North Sea oil field

The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day.  More »

Feds up Arctic oil estimates to satisfy court

The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent chance of at least one large spill occurring in the area.  More »

Oil companies want more time for Arctic drilling

Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical.  More »

Shell seeks five more years for Arctic oil-drilling drive

Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.”  More »

Offshore drilling a winner in tight contests

A new poll shows that support for Arctic drilling is high in states where there are close Senate races.  More »

Fire at offshore Alaska gas platform prompts evacuation

No spill has been reported in Alaska’s Cook Inlet. The platform is operated by Hilcorp Alaska.  More »

U.S. could press for international Arctic drilling standards

The United States may use its role heading the Arctic Council to push for standards governing oil drilling and development throughout the region, the Obama administration’s top Arctic envoy said Tuesday.  More »

Shell, ConocoPhillips plead White House for flexibility in Arctic

Oil companies hoping to find crude under Arctic waters north of Alaska are imploring the Obama administration to ensure new rules governing drilling in the region don’t force them to stash emergency equipment nearby nor block them from using chemical dispersants to clean up any spills.  More »

Feds reveal details on Shell’s Arctic ambitions

More details came to light Tuesday on Shell’s plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company’s broad Arctic drilling blueprint.  More »

BP Alaska plans layoffs following Hilcorp sale

Gov. Sean Parnell said he was “extremely disappointed” by the planned layoffs.  More »
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