Tag: Arctic

Shell formally launches 2015 Arctic drilling bid

Shell’s campaign to resume Arctic drilling in 2015 took a major step forward Thursday, as the company gave federal regulators a broad drilling blueprint that lays out plans for boring new exploratory oil wells in the Chukchi Sea. It is the strongest evidence yet that the company will keep pursuing a big discovery in the U.S. Arctic, after a mishap-plagued 2012 exploration campaign ended with the grounding of a drilling rig and a $200 million writeoff.  More »

Administration studies Arctic requirements

The Obama administration is closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, as Shell pursues permits that could allow it to resume drilling in the region next year.  More »

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »

Shell signs deal with Alaska native group

Shell moved Thursday to deepen its relationship with Alaska natives who live near the company’s Arctic oil wells, signing a deal that gives them royalties from some of the projects an option to buy into them later.  More »

Shell keeps Arctic drilling on table for 2015

The future of oil exploration in some U.S. Arctic waters may rest with federal courts, but Royal Dutch Shell’s CEO said Thursday the company is undaunted by the legal logjam.  More »

Oil companies forfeit Arctic drilling rights

Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area.  More »

Statoil strikes out in well at center of Greenpeace standoff

Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.  More »

BP launches first FAA-approved commercial drones over Alaska land

BP has launched a landmark drone program in Alaska after winning the first federal approval to fly unmanned aerial vehicles over land for commercial purposes.  More »

Greenpeace boards rig heading for Norway’s northernmost drilling site

Activists from environmental group Greenpeace boarded a Statoil rig en route to drill Norway’s northernmost exploration well in the Barents Sea, saying it’s too close to the polar ice cap and a key nature reserve.  More »

Drones give energy companies high hopes for safer work (video)

Energy companies are testing drones to inspect hard-to-reach spaces like refinery flare stacks, offshore platforms and even wind turbine blades in an effort to save time and boost worker safety.  More »

Oil industry risks $1.1 trillion of investor cash

Oil explorers like Exxon Mobil Corp. and OAO Rosneft risk wasting $1.1 trillion of investors’ cash through 2025 on expensive, uneconomic projects from the Arctic and deep seas to tar sands, according to a study.  More »

Police break Greenpeace blockade on Russian tanker

Dutch police stormed a Greenpeace ship Thursday and ended environmentalists’ attempts to block a Russian tanker carrying oil from the Arctic Ocean from mooring at Rotterdam Port.  More »
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