Chukchi Sea News
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Royal Dutch Shell Plc, Europe’s biggest oil company, reported an increase in first-quarter earnings on new projects and refining.
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ConocoPhillips, the largest U.S. independent oil and natural gas producer, put its plans to explore in Alaska’s Chukchi Sea in 2014 on hold because of uncertainties around federal regulations and permitting.
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Royal Dutch Shell Plc is seeking additional drilling time in the Chukchi Sea off Alaska as delays have cost the company about two months of exploration this year.
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Royal Dutch Shell Plc’s pause in Arctic oil drilling after last year’s equipment mishaps should prompt a U.S. review of drilling procedures or a total ban, environmental groups said.
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Royal Dutch Shell Plc’s pause in Arctic oil drilling after last year’s equipment mishaps should prompt a U.S. review of drilling procedures or a total ban, environmental groups said.
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Long winter nights and ice that clogs Arctic seas from November through June haunt Royal Dutch Shell Plc’s ambitions to explore for oil off Alaska.
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Royal Dutch Shell Plc was blasted by the U.S. government for the series of mishaps that dogged its attempts to explore for oil in the Arctic, and ordered to file detailed plans before it can resume those efforts.
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Royal Dutch Shell Plc said it will be difficult to complete an exploratory well in the Chukchi Sea off Alaska this year even after the company received a permit to begin limited preparatory work.
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The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
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The 2008 U.S. sale of Alaska oil leases, which raised more than $2.6 billion from companies including Royal Dutch Shell Plc and Statoil ASA, was reaffirmed today by the Interior Department.
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