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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.
The energy industry must continue to manage rogue natural gas emissions that release methane into the atmosphere in order to maximize the fuel’s potential as a sustainable source of energy, the head of the Environmental Defense Fund said Wednesday.
Shell officials on Thursday said the oil company plans to make another, dramatically scaled-back bid to find crude in Arctic waters, following a headline-grabbing 2012 season that left the firm with a devastated drilling rig, air pollution fines and embarrassing equipment failures. But there are major hurdles for Shell to restart its Arctic drilling operations in 2014.
Environmentalists opposed to Arctic oil exploration scaled the tallest building in western Europe Thursday in a day-long climb that drew worldwide attention.
The Obama administration on Thursday released the findings of a high-level probe of Shell’s problem-plagued 2012 Arctic drilling season that could dictate what energy companies must do to safeguard future oil exploration in the region.
Shell’s Kulluk drilling rig ran aground Monday night near Alaska’s Kodiak Island after a five-day fight to tow the vessel through a fierce storm and 70-mph winds.
Shell on Wednesday was wrapping up its first-in-a-decade season drilling in U.S. Arctic waters, having punched two holes underneath the Chukchi and Beaufort Sea in search of oil.
On top of the world, nearly 400 miles above the Arctic Circle and 70 miles from the nearest land, optimism is as boundless as the Chukchi Sea stretching on the horizon. Despite repeated setbacks, many on the 124-person team boring an exploratory well for Shell are convinced the company will strike oil here, opening a new frontier in U.S. oil development and making a discovery that could rival the bounty in the deep-water Gulf of Mexico.