Shell’s chief executive has staged a defiant performance at the company’s annual shareholders meeting, claiming calls to curb new oil developments were “unrealistic” and saying there would always be opponents to plans to drill in the Arctic. Ben van Beurden insisted Shell is sensitive towards global warming and the environment – telling shareholders “your company […]
Shell gets high power support for plans to drill in the Arctic
Royal Dutch Shell has developed safeguards to conduct offshore oil exploration in the Arctic and U.S. President says he’s impressed with what he sees. Obama says his administration delayed Shell’s application for exploratory drilling in the Chukchi Sea northwest of Alaska until it could provide necessary assurances. The U.S. Bureau of Ocean Energy Management has […]
Comment: Stop drilling in the Arctic
In late March, the U.S. Department of the Interior swung the door wide open to drilling in the remote waters of the Arctic Ocean when it announced that it was reaffirming controversial Bush-era leases for the Chukchi Sea. In 2008, the Bush administration offered nearly 30 million acres of remote and poorly understood ocean to […]
Oil companies dump plans to explore the Arctic
After years of mishaps and false starts, some oil companies are giving up on , in the Arctic. Many companies have allowed their leases on offshore Arctic acreage to expire. Since 2003, the rights to an estimated 584,000 acres in the Beaufort Sea have been allowed to lapse. The oil industry was once optimistic about […]
Chilling report on the Arctic
The Arctic appear to be the next target for the oil and gas industry. With up to a fifth of the world’s remaining reserves, it’s the single largest untapped region. There is a concern though, can the oil be extracted safely? The industry likes to remind us there are hundreds of deepwater wells that have […]