Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-U.S. gives Shell final nod to drill for oil in Arctic

Mon, 17th Aug 2015 21:38

(Adds background, comment from environmentalist)

By Timothy Gardner

WASHINGTON, Aug 17 (Reuters) - The Obama administrationgranted Royal Dutch Shell final clearance on Monday toresume drilling for oil and gas in the environmentally fragileArctic Ocean for the first time since 2012, a move green groupsvowed to fight.

The U.S. Department of the Interior permit allows Shell todrill in the oil-rich Chukchi Sea off the northwest coast ofAlaska. Shell interrupted its drilling program in the region in2012 after suffering a series of mishaps, including losingcontrol of an enormous rig, from which the Coast Guard had torescue 18 workers.

Harsh conditions in the Chukchi have discouraged other oilcompanies from drilling there.

The go-ahead for Shell comes after repairs were completed tothe Fennica, an icebreaker the company leases that carriesemergency well-plugging equipment. The ship had suffered a gashin its hull after hitting uncharted shoals off southern Alaska.

Damage to the Fennica had stalled Shell's program, which theInterior Department had previously issued a permit for.

Shell obtained the leases in the Chukchi during theadministration of former President George W. Bush. Since then ithas spent about $7 billion on exploration in the Arctic, thoughoil production is at least a decade away.

The Arctic is home to what the U.S. government estimates is 20 percent of the world's undiscovered oil and gas.

Shell's determination to drill there has spawned waves ofprotests and funding drives by environmentalists who want toprotect whales, walruses and polar bears in a vulnerable regionthat scientists say is changing rapidly due to global warming.

Late last month, 13 Greenpeace activists hanging from abridge in Oregon temporarily blocked the freshly repairedFennica from reaching the Pacific Ocean to return to Alaska.

President Barack Obama "must change the course on Arcticdrilling set eight years ago by former President George W. Bushand not perpetuate it," said Michael Brune, head of the SierraClub, the country's oldest environmental group.

The club urged Obama to cancel sales of oil-zone leasesscheduled for 2016 and 2017 and to remove the possibility ofdrilling in the Arctic Ocean.

Later this month, Obama will visit Alaska to speak at aconference on the Arctic and tour areas threatened by climatechange.

Curtis Smith, a Shell spokesman, said the company "looksforward to evaluating what could potentially become a nationalenergy resource base."

Shell is not releasing a timetable for its drilling program. (Reporting by Timothy Gardner; editing by Sandra Maler; andPeter Galloway)

More News
25 Jan 2022 17:05

LONDON MARKET CLOSE: Europe follows NY rebound but Fed jitters linger

LONDON MARKET CLOSE: Europe follows NY rebound but Fed jitters linger

Read more
25 Jan 2022 09:47

Capricorn Energy's Egyptian acquisition exceeding expectations

Capricorn Energy's Egyptian acquisition exceeding expectations

Read more
25 Jan 2022 00:01

UK government commits 32 mln pounds for floating wind projects

By Nina ChestneyLONDON, Jan 25 (Reuters) - The British government said on Tuesday it will commit nearly 32 million pounds ($42 million) to fund the development of floating offshore wind projects to help lessen its dependence on gas, the price of w...

Read more
24 Jan 2022 21:23

Lyondell Houston oil refinery sale in focus ahead of investor call

By Erwin SebaHOUSTON, Jan 24 (Reuters) - Chances for a quick sale of LyondellBasell Industries' Houston oil refinery are dwindling with several other refineries competing for buyers, said people familiar with the matter on Monday.The petrochemical...

Read more
21 Jan 2022 19:17

UPDATE 1-Royal Dutch no more - Shell officially changes name

(Adds details, background)By Ron BoussoLONDON, Jan 21 (Reuters) - Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its h...

Read more
21 Jan 2022 18:48

Shell officially drops Royal Dutch from name

LONDON, Jan 21 (Reuters) - Shell said on Friday it has officially changed its name from Royal Dutch Shell Plc to Shell Plc as part of its plan to scrap its dual share structure and move its head office from the Netherlands to Britain."Shell annou...

Read more
21 Jan 2022 09:38

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

Read more
21 Jan 2022 08:30

UPDATE 6-Oil majors TotalEnergies and Chevron withdraw from Myanmar

* Another example of Western firms leaving after coup* Had talked with French, U.S. about targeted sanctions* Was not possible to implement them* Sees junta as here to stay (Adds comment by TotalEnergies, details, bullet points)By Benjamin Mallet an...

Read more
21 Jan 2022 08:30

UPDATE 5-Oil majors TotalEnergies and Chevron withdraw from Myanmar

(Adds PTTEP's reaction, Shell)By Benjamin Mallet and Florence TanPARIS, Jan 21 (Reuters) - Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the wor...

Read more
20 Jan 2022 20:34

Mexico's Pemex says closes acquisition of Deer Park refinery

MEXICO CITY, Jan 20 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) on Thursday said it had finalized the complete acquisition of the Deer Park refinery in Texas from Royal Dutch Shell, its longstanding partner at the facility.Pe...

Read more
20 Jan 2022 19:21

UPDATE 3-Shell to supply crude to Pemex's Texas refinery under long-term pact

* Formal handover completed and new directors installed* Mexico to receive up to 230,000 bpd of gasoline, fuels (Adds transfer boosts Pemex in negotiations with suppliers)By Adriana Barrera and Ana Isabel MartinezMEXICO CITY/HOUSTON, Jan 20 (Reuters...

Read more
20 Jan 2022 19:21

UPDATE 2-Shell to supply crude to Pemex's Texas refinery under long-term pact

* Formal handover completed and new directors installed* Mexico to receive up to 230,000 bpd of gasoline, fuels (Adds statements by Shell, Pemex confirming agreement)By Adriana Barrera and Ana Isabel MartinezMEXICO CITY/HOUSTON, Jan 20 (Reuters) - M...

Read more
20 Jan 2022 17:45

Shell, UK regulators revive talks on North Sea gas field development

By Ron Bousso and Dmitry ZhdannikovLONDON, Jan 20 (Reuters) - Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company a...

Read more
20 Jan 2022 17:26

Pemex taking control of Texas refinery on Thursday, sources say

MEXICO CITY, Jan 20 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will on Thursday take control of the Deer Park refinery in Texas, after concluding the purchase of Royal Dutch Shell's half of that plant, two people familiar wi...

Read more
20 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 down as BP, Shell and AB Foods weigh

LONDON MARKET CLOSE: FTSE 100 down as BP, Shell and AB Foods weigh

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.