Post Tagged with: "Arctic drilling"

Source: CNBC

Tensions will likely grow as China seeks bigger role in the Arctic

CNBC


China’s ambitions to take a more significant role in the Arctic will likely lead to growing tensions, according to risk consultancy firm Control Risks.

China has developed a “prominent presence” in the region since joining the Arctic Council as …

Source: Reuters

U.S. judge denies effort to stop drilling auction in Arctic refuge

Reuters


A federal judge in Alaska ruled late on Tuesday that the Trump administration’s planned auction of oil drilling leases in the Arctic National Wildlife Refuge (ANWR) could proceed as planned on Wednesday morning.

The order by U.S. District Judge …

January 6, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Offshore Pain Continues:  Shell Cancels $600,000/Day Transocean Rig

Offshore Pain Continues: Shell Cancels $600,000/Day Transocean Rig

Polar Pioneer was the Focus of Protests Just Months Ago

Royal Dutch Shell (ticker: RDS.B) delivered some bad news for Transocean (ticker: RIG) as companies returned to their respective offices following an extended Christmas weekend. According to a RIG press …

Interior Department Puts Alaska Offshore Lease Programs on Ice

Interior Department Puts Alaska Offshore Lease Programs on Ice

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases

The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times.

The U.S. Department of Interior announced …

October 19, 2015 - 6:05 pm Arctic, Offshore, Oil and Gas 360 Articles, Regulatory
Shell Nearing Arctic Development – Under Watchful Eyes

Shell Nearing Arctic Development – Under Watchful Eyes

Huge Expectations, Huge Investment

“If you talk about 500 million barrels, I don’t think that will cut it. It must be a multi-multi-billion barrel discovery that we have there.”

After investing six years and $6 billion of its development capital, …