(AP Photo/HO, Shell)

Shell starts Nigeria offshore expansion of up to 50,000 barrels

Shell has a 55 percent stake in Bonga and operates what it says were the first deposits to be developed in Nigeria’s deep waters in 2005.
This  April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of an oil drilling rig as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific.  (Daniella Beccaria/seattlepi.com via AP, File)

Shell’s aggressive bidding after reserves scandal plotted path to Arctic disappointment

Shell’s aggressive bidding for drilling rights in the Chukchi Sea in 2008 put the company on a trajectory that ended with its $7 billion bust in the Arctic Ocean.
Traffic moves through downtown Anchorage, Alaska, U.S., on Wednesday, Nov. 5, 2014. (David Ryder/Bloomberg)

Alaska money blizzard may end as oil’s plunge threatens payouts

Alaska is poised to alter its social contract with people like Paul Alexie for the first time in its 56-year statehood. Oil riches have ensured that the 23-year-old Yupik Eskimo from Bethel doesn’t pay state sales or income taxes. Instead, Alaska pays him. He’ll use $2,072 that lands in his bank account today to defray […]
A section of the Alyeska Pipeline Service Company 800 mile Trans Alaska Pipeline crosses a mountain ridge near Delta Junction, Alaska, Wednesday, August 17, 2005.  (Photographer: Daniel Acker/Bloomberg News)

Three producers to pay back $800 million for project impacts in Alaska

The tentative agreement calls for $800 million in payments for impacts occurring during construction, with an expected pay-out over five years.
Categories: Arctic
Shell's Arctic drilling vessel the Noble Discoverer arrives in Everette on Tuesday, May 12, 2015. (Daniella Beccaria, seattlepi.com)

Shell’s Arctic miss is just the oil industry’s latest dry hole

Shell is far from alone in making a big bet on an offshore play only to end up with disappointing results. From the Gulf of Mexico to the shores of Angola, offshore exploration has yielded plenty of dry holes.
(Bureau of Safety and Environmental Enforcement)

Shell abandons Arctic oil quest after $7 billion bid yields ‘disappointing’ results

After failing to find commercially viable quantities of oil and gas at its Chukchi Sea well, Shell said it will halt exploring U.S. Arctic waters and could take a $4.1 billion write down.
Alaska's North Slope.  (Jennifer A. Dlouhy / The Houston Chronicle)

Alaska’s Walker brushes aside reserves tax criticism

Gov. Bill Walker on Friday brushed aside criticism from Republican lawmakers that they were blindsided by his call to reinstate the gas reserves tax during the upcoming special session.
Jed Hamilton and Kevin Harun take part in the University of Houston 2015-2016 Energy Symposium.  (Craig H. Hartley/For the Chronicle)

Exxon Mobil official promotes Arctic exploration

“If the U.S. stands in the background, Russia will move forward, and things won’t be as good as they could be if the U.S. had a seat at the table in the Arctic,” said Jed Hamilton, senior Arctic consultant at Exxon Mobil Upstream Research Company.
(Kristian Helgesen/Bloomberg)

Norway cuts rates to record low to save economy from oil slump

Governor Oeystein Olsen is easing to unprecedented levels, following colleagues in Stockholm and Frankfurt, as the collapse in oil prices is taking its toll on the $500 billion economy.
Northstar Island, an artificial island in the Beaufort Sea north of Alaska, is a site of oil and gas drilling. (U.S. Department of the Interior)

Feds to review Hilcorp’s plan for manmade island in Arctic

Although other gravel islands have been built in the Beaufort Sea, Hilcorp’s proposed Liberty project would be the first oil production facility located entirely in federal waters off the Alaska coast.