Tag: Arctic

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 »

Exxon to halt Russian drilling in face of U.S. sanctions

The U.S. Treasury Department has given Exxon Mobil Corp. and other contractors a license to wind down operations in the Russian Arctic as the Irving-based company prepares to comply with U.S. sanctions banning joint-venture oil exploration in the area.  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 »

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 »
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