Shell embarks on controversial Arctic exploration programme as part of £4.5bn quest for oil

Shell embarks on controversial Arctic exploration programme as part of £4.5bn quest for oil

Jul 3rd, 2015 

by John Donovan. 

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By LAURA CHESTERS FOR THE DAILY MAIL: 3 July 2015

Shell has kicked off its controversial Arctic exploration programme as part of a £4.5billion search for oil under the region’s freezing, pristine seas.

After being forced to embarrassingly abandon its plans in 2012 and pulling out after finding gas in the 1990s, Shell’s convoy of 30 boats and associated craft set sail from Alaska’s Dutch Harbor. The plan is to drill two wells this summer – as soon as the ice clears.

But if its initial wells do not strike oil, Shell could pull out of the programme and walk away. By the end of the summer it will have spent £4.5billion on the programme and will have to spend another £700million in next year’s search.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Daily Mail, Environment,Greenpeace, Litigation, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Royal Dutch Shell Plc ·Shell

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Shell Arctic oil drilling to commence within weeks

Shell Arctic oil drilling to commence within weeks

Jul 3rd, 2015 

by John Donovan. 

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…if the initial wells do not find oil, Shell will contemplate walking away from the region entirely.

By Richard Anderson: Business reporter, BBC News: 3 July 2015

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks.

Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells.

The company has already committed about $7bn (£4.5bn) to the controversial project, and is confident it will find huge quantities of oil in the region.

But if the initial wells do not find oil, Shell will contemplate walking away from the region entirely.

The US Department of the Interior gave the green light to Shell to commence Arctic oil exploration in May this year, and the Anglo-Dutch group clearly believes it will get the remaining necessary permits in the next week or two.

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Posted in: Alaska, Arctic, BBC News, Chukchi Sea, Climate Change, Environment, Gulf of Alaska, Oil, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Oil · Royal Dutch Shell Plc · Shell

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EPA turns down oral hearing request on Corrib gas project licence

Jul 3rd, 2015 

by John Donovan. 

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EPA turns down oral hearing request on Corrib gas project licence

Lorna Siggins: Friday, 3 July 2015

The Environmental Protection Agency (EPA) has turned down requests for an oral hearing into a revised licence sought byShell E&P Ireland for the Corrib gas project in north Mayo.

The revised licence covering atmospheric and marine emissions from the Corrib gas refinery is one of the last State authorisations required before the project becomes fully operational.

Shell had received its original EPA licence in 2007, but sought a review after it agreed to a demand by Erris fishermen that “treated produced water” from the refinery be discharged out at the well head, rather than some 12 km offshore.

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Posted in: Corrib Gas Project, Environment, Garda, Gas, Ireland, Irish Times,Litigation, Maurah Harrington, Royal Dutch Shell Plc, Shell, Shell to Sea Campaign.
Tagged: Corrib Gas Project · Environment · Gas · Royal Dutch Shell Plc

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Shell awards contracts for its $40bn Browse project

Shell awards contracts for its $40bn Browse project

Jul 3rd, 2015 

by John Donovan. 

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Written by Rita Brown – 03/07/2015

Shell has awarded the Technip Samsung Consortium two contracts for its $40billion natural gas project in Australia.

Shell’s Browse project covers the installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin.

Shell, which has a 27% interest in the scheme, will use its floating liquefied natural gas (FLNG) technology to leveraging the site’s 15.4 trillion-cubic-feet of gas.

The Technip Samsung Consortium will manage the front-end engineering design (FEED) elements of the Browse FLNG project, taking into account the composition of the gas, local weather conditions and factors specific to each of the three fields.

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Posted in: Australia, Gas, Gas-to-liquids, Prelude FLNG Project, Royal Dutch Shell Plc.
Tagged: Alternative Energy · Australia · EnergyVoice.com · Gas · Prelude FLNG Project ·Royal Dutch Shell Plc · Woodside Petroleum

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BP has finally settled Deepwater Horizon Case

BP has finally settled Deepwater Horizon Case

Jul 3rd, 2015 

by John Donovan. 

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Shares in oil giant BP climb on news it has finally settled long-running US court case over Deepwater Horizon explosion and oil spill

Dudley dismissed market talk of a takeover of BP and said BP is ‘neither prey nor predator’. A clause in the settlement with the US means that if BP were sold to another company the fine would be payable immediately – putting off any potential suitor.

By LAURA CHESTERS FOR THE DAILY MAIL: 2 July 2015

Shares in oil giant BP climbed nearly 5 per cent following a relief rally on news it had finally settled its long-running US court case over the Deepwater Horizon explosion and oil spill that killed 11 workers five years ago.

A record £12bn fine will settle all US federal, state and local claims for the Gulf of Mexico disaster, with payments spread over 18 years – working out at £700m a year.

BP’s shares are down a third since the explosion at the Macondo oil field in the Gulf of Mexico in April 2010. Concerns about the ongoing liability of the spill and the falling oil price since last year weighed on the shares.

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Posted in: BP, Daily Mail, Environment, Gulf of Mexico, Litigation, Oil Spill, United States.
Tagged: BP · Gulf of Mexico · Litigation · Oil

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