Shell Arctic Drilling Receives U.S. Approval

Polar Pioneer

  The U.S. Bureau of Safety and Environmental Enforcement has granted Shell its final approval to drill for oil and gas offshore Alaska in the arctic waters of the Chukchi Sea. According to the BSEE, Shell received approval for its Application for Permit to Modify to conduct exploratory drilling activities into potential oil-bearing zones offshore Alaska at one of … [Read more...]

Greenpeace Bridge Hangers Stand Off With Shell Icebreaker As Fines Rack Up

Activists suspend themselves from Portland's St. Johns Bridge in an attempt to block Shell's icebreaker from returning to Alaska. Photo: Greenpeace

Update 2: The Shell icebreaker Fennica threaded through the human barricade late Thursday. Check out the video from the scene.  Update: Greenpeace updated at 3:31 PM PDT that thirteen bridge climbers are still in place and will stay as long as possible hanging from the St. John's Bridge. As of 4:05 PM PDT, AIS showed the Fennica icebreaker still stopped in … [Read more...]

Shell to Cut 6,500 Jobs as Prolonged Market Downturn Looms

olympus tensioned leg platform shell

By Rakteem Katakey (Bloomberg) -- Royal Dutch Shell Plc said it’s preparing for a “prolonged downturn” by cutting thousands of jobs and slashing billions of dollars in investments over the next two years. The shares gained the most in almost six months. The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said … [Read more...]

Greenpeace Activists Hang from Bridge to Block Shell Icebreaker

Activists suspend themselves from Portland's St. Johns Bridge in an attempt to block Shell's icebreaker from returning to Alaska. Photo: Greenpeace

  A group of twenty six Greenpeace activists have suspended themselves from a bridge in Portland, Oregon in an effort to stop Shell icebreaker from heading back to Alaska where it is needed for the company's arctic drilling operations. The Greenpeace climbers and dozens of so-called 'kayaktivists' have positioned themselves under the St. Johns Bridge in Portland, … [Read more...]

U.S. Arctic Drilling Permits for Shell Stop Shy of Oil Zone

MSV Fennica. Photo: Shell Alaska

  By Mark Drajem (Bloomberg) -- Royal Dutch Shell Plc received limited permits to drill two wells off Alaska’s Arctic coast, leaving the company still short of its desire to tap into the offshore oil reserves. The U.S. Interior Department approved Shell’s applications to drill in the Chukchi Sea, while saying the company may not reach the oil reserves until safety … [Read more...]

Shell’s Damaged Icebreaker Headed for U.S. West Coast for Repairs

MSV Fennica. Photo: Shell Alaska

  An icebreaker that was scheduled to head to the Chukchi Sea in support of Shell's arctic drilling campaign will instead head back to U.S. West Coast for repairs to its damaged hull. A spokesman for Shell confirmed Monday that the Finnish multipurpose icebreaker MSV Fennica will return to a shipyard in Portland, Oregon to repair a gash suffered in the hull of the … [Read more...]

Shell’s $70 Billion BG Acquisition Clears Brazil Hurdle

BG Group's Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel, the second unit deployed on the Sapinhoá field and the fifth FPSO to come onstream with BG Group as partner in the pre-salt Santos Basin, offshore Brazil. Photo: BG Group

  By Katerina Petroff (Bloomberg) -- Royal Dutch Shell Plc obtained regulatory approval from Brazil to buy BG Group Plc, clearing another antitrust hurdle to completing the $70 billion acquisition. Cade, as the regulator is known, published a decision approving the deal without restrictions in Brazil’s official gazette Wednesday. The transaction won’t undermine … [Read more...]