Tag: Shell Oil Co

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 »

Deals bring in $2.1 billion, additional acreage to Shell Oil Co.

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.  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 »

Shell announces new Gulf of Mexico discovery

Shell Oil Co. today announced an offshore discovery in the Gulf of Mexico it believes contains 100 million barrels of oil equivalent.  More »

New GOP leaders have oil interests nearby

When Republican Reps. Kevin McCarthy and Steve Scalise claimed two of the top three spots in the House GOP leadership Thursday, oil refiners emerged as a potential big winner too.  More »

EPA rule gives new boost to gas

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 »

Offshore safety might have a link to comfort

Want to boost safety offshore? Go to the mattresses.  More »

Offshore and onshore go hand in hand, execs tell OTC

Predictable oil flows from onshore shale development help balance the risk of more speculative offshore projects, industry executives emphasized Monday.  More »

Public image problems stretch from land to offshore

Deep-water, shallow-water, unconventional–it sometimes all looks the same to the public and policymakers, leading to broad-brush policy that the industry might be able to avert with better public outreach.  More »
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