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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.
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.
Dilbit is made up of bitumen, a thick, sticky hydrocarbon harvested in Canada that is too hard at room temperature to flow through pipelines on its own. To ready it for pipeline transport, companies dilute the bitumen with natural gas liquids or other substances.
A bipartisan group of 53 senators on Wednesday urged President Barack Obama to approve the controversial Keystone XL pipeline, over the objections of environmental activists who have made it a signature issue.
Nebraska Gov. Dave Heineman on Tuesday approved a new route for the Keystone XL pipeline that would ferry Canadian oil sands crude to the Gulf Coast, setting up a big Obama administration decision on whether to green light the controversial project.
The Obama administration is set to unveil a fresh environmental analysis of the Keystone XL pipeline, but project opponents say that study won’t be complete unless it considers climate change costs tied to the $7 billion project.
After completing a new environmental analysis prompted by the Deepwater Horizon disaster, the federal government is on track to sell oil and gas leases in the central Gulf of Mexico next spring,