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...
View ArticleOil companies forfeit Arctic drilling rights
Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry's appetite for tapping...
View ArticleFeds reveal details on Shell’s Arctic ambitions
More details came to light Tuesday on Shell's plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company's broad Arctic drilling...
View ArticleFeds up Arctic oil estimates to satisfy court
The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent...
View ArticleFeds release new Arctic drilling analysis
The move by the Interior Department's Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the...
View ArticleFeds weighing Shell bid for more time in Arctic
Interior Secretary Sally Jewell said the Obama administration will decide soon whether to yield to Shell's request for an extension of its Arctic drilling leases. Statoil and ConocoPhillips have made...
View ArticleShell’s Arctic drilling plans on track as Obama administration OKs lease sale
The Bureau of Ocean Energy Management says there's more than four times as much oil in the Arctic's Chukchi Sea as it previously estimated.
View ArticleFeds launch review of Shell’s Arctic drilling plan
Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well.
View ArticleDrilling in the Arctic could be more difficult, and costly, than Shell is...
A petition filed with the Securities and Exchange Commission represents a novel bid by Arctic drilling foes to highlight the risks of the activity -- going beyond potential environmental perils to the...
View ArticleCourt rules against environmentalists in endorsing feds’ handling of Arctic...
Environmentalists said the ruling demonstrates federal policies need an update to ensure oil spill response plans get tougher scrutiny.
View ArticleShell’s Arctic drilling plans may hit permitting snag
It was not immediately clear Tuesday whether the restriction highlighted by environmentalists opposed to Shell's Arctic drilling campaign would derail the company's plans, but it could be a major...
View ArticleObama administration gives OK to Shell to drill deeper in Arctic
Shell has already been drilling the well for more than two weeks. But BSEE had ordered the company to halt after completing the top 3,000 feet, because critical emergency equipment were not nearby to...
View ArticleShell’s aggressive bidding after reserves scandal plotted path to Arctic...
Shell's aggressive bidding for drilling rights in the Chukchi Sea in 2008 put the company on a trajectory that ended with its $7 billion bust in the Arctic Ocean.
View ArticleObama administration closes off two avenues for new Arctic drilling
The Interior Department announced it was canceling government auctions of drilling rights in the Chukchi and Beaufort seas, previously scheduled for 2016 and 2017 respectively. At the same time, it...
View ArticleEven as it walks away from Arctic drilling, Shell keeps door open for future...
The company says it's walking away from oil exploration in U.S. Arctic waters for the "foreseeable future," but it's keeping its options open.
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