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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.
Shell Oil Co. today announced a pair of deals Thursday morning in which it will give up onshore gas operations in Wyoming’s Pinedale and Louisiana’s Haynesville fields in exchange for $2.1 billion and additional acreage in Pennsylvania.
Natural gas is poised to be one of the biggest winners of the Obama administration’s new plan to slash carbon dioxide emissions, accelerating the electric sector’s move away from coal toward the cleaner-burning power source. But natural gas industry executives weren’t eager to crow about their victory Monday.
More than 160 business executives on Thursday warned President Barack Obama that rejecting the Keystone XL pipeline would send a dangerous signal to investors and threaten U.S. economic growth.
A Dutch-Flemish business delegation of more than 100 made a three-day trade visit to Houston this week, hoping to forge stronger business ties and to extend the North American energy revolution to a sometimes-skeptical Europe.
In an exclusive interview with FuelFix, Shell Oil President Marvin Odum talks about the challenges and opportunities for liquefied natural gas, as the LNG17 conference gets underway in Houston.
As it looks to boost demand for bountiful natural gas, Royal Dutch Shell figures a good way to start is by using the fuel to power its own drilling rigs, ships and heavy trucks – with hopes of spurring others to make the same transition.
Shell Oil Co. is calling off its plans to resume hunting for oil in Arctic waters north of Alaska this summer, after a problem-plagued drilling season that ended with the grounding of one of its rigs.
The drillship used to bore part of an Arctic oil well for Shell last summer lacked sufficient propulsion power, had engine problems and posed fire hazards, according to a Coast Guard inspection of the vessel last November and released on Friday.
Shell and El Paso Pipeline Partners plan to build a plant for exporting natural gas at the existing Elba Island LNG import terminal near Savannah, Ga. It’s the latest venture aimed at taking advantage of high Asian and European prices for the fossil fuel.