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Shell’s Renewed Arctic Drilling Campaign Faces Yet Another Setback As Key Ship Forced Back To Port
Shell’s Renewed Arctic Drilling Campaign Faces Yet Another Setback As Key Ship Forced Back To Port Is Shell finally “Arctic Ready” after its doomed 2012 campaign? The company is set to begin drilling in the Arctic within the week, and it’s already not looking good. The MSV Fennica, an icebreaker vessel bound for the Chukchi Sea, had barely left […]
Oil and Arctic Ocean Make A Highly Troublesome Mix
Oil and Arctic Ocean Make A Highly Troublesome Mix As the U.S. and Russia take the first halting steps to drill for oil and gas in the Arctic Ocean, experts say the harsh climate, icy seas, and lack of any infrastructure means a sizeable oil spill would be very difficult to clean up and could cause […]
We May Not See Arctic Oil For Decades
We May Not See Arctic Oil For Decades Shell’s Arctic campaign this year will be pivotal. If the company cannot find large reserves of oil, it will likely set back Arctic oil development for a generation. The Financial Times reported that Royal Dutch Shell will not see Arctic oil come online anytime soon, even in the best […]
Shell Approval May Trigger Resource Race In The Arctic
Shell Approval May Trigger Resource Race In The Arctic In a few short months Shell will (re)enter the Chukchi Sea. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea 70 miles […]
Fight Over Shell’s Arctic Drilling Escalates As Polar Pioneer Arrives and #ShellNo “Paddle in Seattle” Begins
Fight Over Shell’s Arctic Drilling Escalates As Polar Pioneer Arrives and #ShellNo “Paddle in Seattle” Begins Check back often as I’ll be updating this post throughout the day with photos and updates. Here we go. Shell’s Polar Pioneer drilling rig is making its way through Puget Sound and will arrive later this afternoon at Terminal […]
Shell clears major hurdle for Arctic drilling
Shell clears major hurdle for Arctic drilling Exploration plan calls for 2 ships to drill up to 6 wells northwest of Wainwright, Alaska Just days ahead of a planned protest of Royal Dutch Shell’s Arctic drilling program in Seattle, the company on Monday cleared a major bureaucratic hurdle to drill off Alaska’s northwestern coast. The […]
Russia To Power Arctic Drilling With Floating Nuclear Reactors
Russia To Power Arctic Drilling With Floating Nuclear Reactors It would sit in the icy waters of the Arctic, and provide a constant supply of electricity to a massive rig drilling for oil. They could be mass produced, potentially cutting the cost of drilling projects. The twist? The electricity on these floating power plants would […]
U.S. To Lead A Fractured Arctic Council For The Next Two Years
U.S. To Lead A Fractured Arctic Council For The Next Two Years The United States is set to take over the two-year chairmanship of the Arctic Council, and although there is a lot of uncertainty over how the U.S. will wield its influence, it will be taking the helm for a period of time that […]
What On Earth Are We Doing Looking For Oil In The Arctic?
What On Earth Are We Doing Looking For Oil In The Arctic? Shell is back in; Statoil is pensive, but eager; and Russia is pushing ahead. Low prices have stunted exploration, but the Arctic is still a hotbed (read: marginally warm-bed) of activity. With so much to lose in the fragile and costly environment, why are we there? […]
Arctic Oil On Life Support
Arctic Oil On Life Support Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. As drilling technology advances, conventional oil reserves become harder to find, and climate […]
Oil Industry Withdraws From High Cost Areas
Oil Industry Withdraws From High Cost Areas The oil industry is pulling back from some marginal areas of operation, slashing jobs and spending, and retrenching in the face of the ongoing slump in oil markets. Signs of a shrinking footprint are beginning to pop up across the globe. Norway’s Statoil has let three of its […]
Russia To Increase ‘Combat Capabilities’ In Crimea, Sees Ukraine Conflict Worsening
Russia To Increase ‘Combat Capabilities’ In Crimea, Sees Ukraine Conflict Worsening Following the adoption of its new military doctrine signed by President Vladimir Putin in December which identifies NATO expansion as an external risk, it is perhaps hardly surprising that, as Reuters reports, Russia’s top general, Valery Garesimov stated that the “Defence Ministry will focus its efforts on […]
If Shell Backs Out, Arctic Oil Off the Table for Years
If Shell Backs Out, Arctic Oil Off the Table for Years. The next several months may be pivotal for the future of oil development in the Arctic. While Russia has proceeded with oil drilling in its Arctic territory, the U.S. has been much slower to do so. The push in the U.S. Arctic has been […]
A Pessimist’s Guide To The World In 2015 | Zero Hedge
A Pessimist’s Guide To The World In 2015 | Zero Hedge. Skirmishes in the South China Sea lead to full-scale naval confrontation. Israel bombs Iran, setting off an escalation of violence across the Middle East. Nigeria crumbles as oil prices fall and radicals gain strength. Bloomberg News asked foreign policy analysts, military experts, economists and investors to […]
Tracking the fate of ancient carbon in the Siberian Arctic | Ensia
Tracking the fate of ancient carbon in the Siberian Arctic | Ensia. The Siberian Arctic is one of the most remote and pristine corners of the planet. During the brief summer season, temperatures can climb into the 90s Fahrenheit, and the seemingly endless expanse of boreal forest — or taiga — and tundra explodes with […]
