Tag: Arctic drilling

Report: Arctic oil drilling needed now to sustain U.S. energy security

The analysis makes the case for the United States to aggressively develop Arctic oil and gas resources that can help supply the country with energy long after some onshore fields are depleted.  More »

Shell conducts drills with Arctic oil spill response system

Shell Oil Co. is conducting the testing for Obama administration officials as it plans a new round of exploratory drilling in the Chukchi Sea north of Alaska later this year.  More »

Energy Department study: Shale won’t last, Arctic drilling needed now

In order for the U.S. to keep domestic production high and imports low, oil companies should start probing the Artic now because it takes 10 to 30 years of preparation and drilling to bring oil to market, according to a draft of the study’s executive summary obtained by the Associated Press.  More »

As Obama administration weighs Arctic drilling, Shell moves rigs to region

Shell is moving its drilling rigs to the Pacific Northwest, ahead of critical government decisions on the company’s Arctic exploration plans.  More »

U.S. must invest in Arctic, Senate panel told

As the United States prepares to take over the chairmanship of the Arctic Council, the country needs to invest more heavily in icebreakers, navigational aids and other resources for the region.  More »

Feds weighing Shell bid for more time in Arctic

Interior Secretary Sally Jewell said the Obama administration will decide soon whether to yield to Shell’s request for an extension of its Arctic drilling leases. Statoil and ConocoPhillips have made parallel requests for leases that will begin expiring in 2019.  More »

Exxon now has more exploration holdings in Russia than in the U.S., despite sanctions

While U.S. and European Union sanctions against Russia forced Exxon to shut down an Arctic drilling project in October, the producer is staking claims to areas that could yield tens of billions of barrels in coming decades.  More »

Feds propose Arctic drilling mandates

The Interior Department’s proposal would for the first time impose specific mandates on offshore drilling in isolated U.S. Arctic waters — updating rules that were built decades ago for the much more temperate Gulf of Mexico.  More »

Feds release new Arctic drilling analysis

The move by the Interior Department’s Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the possibility that Shell Oil Co. will resume drilling in the Chukchi Sea this summer.  More »

Oil drilling banned in Arctic area that attracts walrus

“This administration has effectively declared war on Alaska,” U.S. Sen. Lisa Murkowski said.  More »

Shell planning to restart Arctic drilling this year

Shell is planning on spending $1 billion to drill exploratory oil wells in Arctic waters north of Alaska this year — as long as it clears legal and permitting hurdles, said CEO Ben Van Beurden.  More »

Offshore drilling plan targets Atlantic and Arctic waters

The Obama administration’s proposal for 10 auctions of drilling rights in the Gulf of Mexico, three targeting Arctic waters and one of Atlantic acreage is alienating both environmentalists and the oil industry.  More »

Obama administration opens door to Atlantic drilling

The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.  More »

Shell collaborating with regulators over Arctic drilling

Newly released documents suggest federal regulators are collaborating closely with Shell as the company pursues a new round of Arctic drilling next summer, even though an underlying sale of the region’s oil leases is still in legal limbo.  More »

Arctic offshore drill company enters guilty pleas

Bernie G. Wolford Jr., president of Noble Drilling U.S. LLC, appeared in federal court in Anchorage on Friday after reaching an agreement with prosecutors earlier this month.  More »
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