Activists opposed to Arctic drilling are preparing to greet the rig when it makes it to Emerald City, with some threatening a flotilla of kayaks to box the ship in. More »
The Obama administration’s plan for selling offshore oil and gas leases from 2017 to 2022 could jeopardize the United States’ competitiveness as Brazil, Canada, Mexico and other countries aggressively compete for drilling dollars, a Shell executive told Congress. More »
“The only people not hit by the drop in oil price are the CEOs running the companies,” said Gregory Elders, a London-based analyst at Bloomberg Intelligence. More »
WASHINGTON — Hours after stormy weather forced Greenpeace activists to climb off an Arctic drilling rig in the middle of the Pacific Ocean, Shell won a temporary restraining order blocking the group from similar protests. The ruling, by U.S. District Judge Sharon Gleason, bars Greenpeace and its activists from boarding, barricading or interfering with the […] More »
Rough seas prompted the decision, Greenpeace said in an email. The protesters rappelled off the rig and got into inflatable boats before returning to a Greenpeace ship stationed nearby.
Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well. More »
Ten benchmark Dutch stocks, or just under half the 25 spots that make up the Amsterdam Exchanges Index, have been acquired since 2007, when ABN Amro Holding NV was snapped up for $100 billion by a consortium led by Royal Bank of Scotland Plc. More »
Corporate dealmakers and analysts say they doubt it’s a sign that a new wave of oil and gas deals like the spending spree of the late-1990s is just around the corner, especially among financially healthy U.S. oil producers. More »
Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts. More »
Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year. More »
The complaint, lodged in a federal district court in Alaska, comes one day after the activists climbed aboard Shell’s contracted Polar Pioneer drillship while it is traveling across the Pacific Ocean toward the United States.
The six activists climbed aboard the Polar Pioneer as it is being heaved across the Pacific Ocean, on its way to the United States. More »
Exercises this week gave Shell a chance to demonstrate the equipment for Coast Guard officials and federal regulators at the Interior Department who will decide whether the company gets critical permits enabling a new round of Chukchi Sea oil exploration this summer. More »
The Bureau of Ocean Energy Management says there’s more than four times as much oil in the Arctic’s Chukchi Sea as it previously estimated. More »
As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as a potential prize for Western oil companies More »