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How much oil left in America? Not much
How much oil left in America? Not much Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, buildings and other infrastructure need to be built, […]
Russia Bets Big On Arctic Oil
Russia Bets Big On Arctic Oil Gazprom Neft, Russia’s fourth largest oil producer, has big plans for its Arctic oil operations, and it seems that neither sanctions nor production cuts can force it to quit its presence there. In fact, the oil division of Gazprom will try to turn itself into what its head of […]
Norway Doubles Down On Arctic Oil
Norway Doubles Down On Arctic Oil While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial pressures, Norwegian energy companies are planning to increase drilling in the country’s Arctic shelf in the Barents Sea. It […]
With Shell’s Failure, U.S. Arctic Drilling Is Dead
With Shell’s Failure, U.S. Arctic Drilling Is Dead Arctic Drilling in the U.S. is dead. After more than eight years of planning and drilling, costing more than $7 billion, Royal Dutch Shell announced that it is shutting down its plans to drill for oil in the Arctic. The bombshell announcement dooms any chance of offshore oil development […]
U.S. allows Shell to drill for oil in Arctic Ocean off Alaska
U.S. allows Shell to drill for oil in Arctic Ocean off Alaska Company hopes to drill 2 wells in the Chukchi Sea by late September The U.S. government on Monday gave Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time […]
Can’t Touch This: To Stave Off Climate Disaster, Arctic Oil Must Stay in Ground
Can’t Touch This: To Stave Off Climate Disaster, Arctic Oil Must Stay in Ground ‘There is no reasonable scenario in which Arctic oil drilling and a safe climate future co-exist,’ says Oil Change International in new report U.S. Arctic oil will be exposed to increasing risks associated with mounting public opposition, marked by creative direct […]
Senators Call For End To Arctic Drilling As Shell Gets Permits To Begin Work In Chukchi Sea
Senators Call For End To Arctic Drilling As Shell Gets Permits To Begin Work In Chukchi Sea Shell received the final permits it needed to begin drilling exploratory wells in the Chukchi Sea last Wednesday, but a group of Senators led by Oregon’s Jeff Merkley is calling for a ban on Arctic drilling altogether. According […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
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 […]
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 […]
Arctic Explorers Retreat From Hostile Waters With Oil Prices Low
Arctic Explorers Retreat From Hostile Waters With Oil Prices Low When Statoil ASA (STL) acquired the last of three licenses off Greenland’s west coast in January 2012, oil at more than $110 a barrel made exploring the iceberg-ridden waters an attractive proposition. Less than two years later, the price of oil had been cut by almost half and […]
