Posts filtered on Tag

Shell OIl Company

(Andrey Rudakov/Bloomberg)

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.
Daniel Yergin, vice chairman IHS CERAWeek Conference Chairman (left) , leads a panel on the future of shale gas with Marvin Odum, president Shell Oil Company; Fred Krupp, president
Environmental Defense Fund; and Governor of Colorado John Hickenlooper,  during the IHS CERAWeek energy conference. ( Melissa Phillip / Houston Chronicle )

Environmentalist: Methane emissions hurt benefits of natural gas

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.
Waves crash over the drilling unit Kulluk where it sat aground on the southeast side of Sitkalidak Island, Alaska, Jan. 1, 2013. (U.S. Coast Guard photo by Petty Officer 3rd Class/Jonathan Klingenberg.)

Shell announces return to Arctic in 2014 despite mishaps

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.
A member of Greenpeace displays a banner which reads 'Save The Arctic' to a news media helicopter while scaling The Shard, the tallest building in western Europe, on July 11, 2013, in London, England. The six female protesters began their unauthorized ascent of the 310-meter high skyscraper shortly after 4 a.m. with the intention of highlighting the environmental damage caused by drilling for oil in the Arctic by Shell. (Photo by Warrick Page/Getty Images)

Drilling protesters arrested after scaling London’s tallest tower (photos)

Environmentalists opposed to Arctic oil exploration scaled the tallest building in western Europe Thursday in a day-long climb that drew worldwide attention.
A Coast Guard MH-60 Jayhawk helicopter crew hoists crew members from the Shell's mobile drilling unit Kulluk in 15- to 20-foot seas 80 miles southwest of Kodiak City, Alaska on Saturday, Dec. 29, 2012. (Photo: Coast Guard Petty Officer 1st Class Sara Francis)

Feds release findings from Arctic drilling probe

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.
Waves crash over the drilling unit Kulluk where it sat aground on the southeast side of Sitkalidak Island, Alaska, Jan. 1, 2013. (U.S. Coast Guard photo by Petty Officer 3rd Class/Jonathan Klingenberg.)

Shell’s Kulluk drilling rig runs aground near Alaskan island

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.
Picture 2

Shell concludes inaugural Arctic drilling season

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.

Shell opening new Arctic frontier

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.