Tag: Arctic

Polar politics threaten Norway’s deepest drive in Arctic

The Norwegian government, seeking to sustain oil revenues that have fueled the country’s prosperity, has floated plans to let drillers push closer than ever to the ice cap — only to run into the strongest opposition yet.  More »

Shell to slash US investment on shale disappointments

Shell’s Chief Executive Officer Ben van Beurden says the company will cut capital spending in the U.S. by 20 percent in 2014 after setbacks in its shale gas operations and in Alaska.  More »

Poll: Where will the world’s next energy boom be?

With analysts debating the decline of the U.S. energy boom — at least one economist believes the end of shale fever is imminent — other regions worldwide are poised to step to the forefront.  More »

Arctic oil still seen decades off as producers balk at costs

The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.  More »

Shell recommends science for Arctic headaches

Scientific research has been central to Shell’s now-stalled move into Alaskan Arctic waters, and regulators probably will expect more if Shell resumes its work there, a company scientist told a Houston audience Monday.  More »

Executives hail project agreement as significant

Executives from the North Slope’s major oil and gas companies on Wednesday hailed an agreement with the state as a major step forward in pursuing a major liquefied natural gas project.  More »

Flint Hills says North Pole Refinery will close

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.  More »

Canadian group pitches Alaska rail line for oil sands

A Vancouver-based group is proposing a 1,600-mile railroad to transport bitumen from Alberta’s tar sands to Delta Junction, where the project’s creators hope to tap into TAPS, the Trans-Alaska Pipeline System.  More »

Court ruling insulates foes and fans of Arctic drilling

In the heated political battle over drilling in chilly Alaskan seas, a court ruling drilling proponents blame for thwarting the activity provides handy cover for stakeholders from Anchorage to Washington.  More »

Shell puts 2014 Arctic drilling plans on ice after legal challenge

Shell officials on Thursday said the oil company will not resume drilling in Arctic waters north of Alaska this summer, following a federal appeals court decision throwing its offshore leases there into jeopardy.  More »

Alaska Democrat ‘optimistic’ on Arctic drilling this summer

Sen. Mark Begich of Alaska says he’s optimistic that drilling can resume in Arctic waters this summer despite a federal court ruling against the government’s handling of offshore drilling leases in the region.  More »

Feds ask Shell for assurances on Arctic drilling

Federal regulators scrutinizing Shell’s bid to resume Arctic drilling next summer are pressing the company for more evidence it has fixed the kind of problems that plagued its last search for black gold in the region.  More »
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