Shell’s Arctic oil well comes up dry

Shell’s Arctic oil well comes up dry

Sep 28th, 2015 

by John Donovan. 

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September 28, 2015 | By Jennifer A. Dlouhy

WASHINGTON — After spending $7 billion and seven years searching for oil under Arctic waters, Royal Dutch Shell on Monday said its quest had come up dry.

Shell announced that its exploratory oil well in the Chukchi Sea north of Alaska encountered “indications of oil and gas” that are “not sufficient to warrant further exploration” — a significant blow for the Anglo-Dutch firm that had hoped to find a multibillion barrel crude reservoir in those remote waters.

“Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the U.S.,” said Marvin Odum, director of Shell Upstream Americas. “However, this is a clearly disappointing exploration outcome for this part of the basin.”

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Posted in: Alaska, Arctic, Beaufort Sea, Chukchi Sea, Environment, Greenpeace, Gulf of Alaska, Gulf of Mexico, Houston Chronicle, Marvin Odum, Oil Spill, Pollution, Royal Dutch Shell Plc, United States.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · Chukchi Sea · Environment · Gas · Gulf of Mexico · Oil · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Shell abandons contentious Arctic exploration after poor results

Shell abandons contentious Arctic exploration after poor results

Sep 28th, 2015 

by John Donovan. 

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Christopher Adams, Energy Editor: Sept 28: 7.28am

Royal Dutch Shell has abandoned a contentious Arctic drilling campaign off the coast of Alaska and is preparing to take billions of dollars in writedowns after its exploration efforts failed to make a significant discovery.

However, the company said in a statement on Monday that while it had found “indications” of oil and gas, “these are not sufficient to warrant further exploration” in the area.

“Shell will now cease further exploration activity in offshore Alaska for the foreseeable future. This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska,” it said.

FULL FT ARTICLE

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

The TRUTH will set you FREE.

Shell ceases Alaska Arctic drilling after exploratory well disappoints

Shell ceases Alaska Arctic drilling after exploratory well disappoints

Sep 28th, 2015 

by John Donovan. 

No comments yet

Associated Press: Monday 28 September 2015 07.04 BST

Royal Dutch Shell PLC has said it is ceasing exploration in offshore Alaska for the foreseeable future, saying an exploratory well drilled to 6,800ft (2,100m) found oil and gas but not in sufficient quantities.

Shell USA’s president, Marvin Odum, said in an announcement early on Monday in the Netherlands that it was a disappointing outcome for that part of the Chukchi sea basin.

Shell drilled in 150ft (45m) of water about 80 miles (130km) off Alaska’s north-west coast. The exploratory well was the first in the Chukchi in 24 years.

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Posted in: Alaska, Arctic, Associated Press, Chukchi Sea, Climate Change, Environment,Greenpeace, Marvin Odum, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Alaska · Arctic Ocean · Oil · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

SHELL QUITS THE ARCTIC

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Shell has announced its Arctic gambit has failed, and the company is ceasing oil exploration off Alaska’s Arctic coast for the foreseeable future.

There’s a key phrase in the statement Shell released late last night. In its rationale for abandoning their Arctic plans, they company cites “the challenging and unpredictable federal regulatory environment in offshore Alaska.”

Those challenges are because of you. They’re because of the kayaktivists in Seattle and Portland. They’re because of the people sending in comments from around the country. And they’re because we all stood up together and said, simply, #ShellNo.

In other words: We have just won a huge battle in the ongoing struggle to save our climate. Congratulations! And thank you – truly.

We know, and you know, that there is much more work to be done. With your support, we can build from today’s victory into even more wins to stop funding fossils and keep the oil in the ground.

The TRUTH will set you FREE.

No, 100,000 People Did Not Gather In Peru To Support Kim Davis. Here’s Proof.

Kim Davis supporters are claiming 100K people rallied to support her in Peru -- and if that claim seems ridiculous, that's because it is. Ben Carson and Kanye West have a budding bromance (West-Carson 2020?). Don't be fooled by Trump's tax plan -- it's a big giveaway to America's wealthiest. Plus, we have everything you need to know about the next Supreme Court term. This and more, in our top stories of the day:

No, 100,000 People Did Not Gather In Peru To Support Kim Davis. Here’s Proof.

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On Monday, Republican presidential candidate Donald Trump will unveil a detailed tax reform plan — and he is already positioning it as a populist proposal. In a press alert about the plan, the campaign states, “Essentially, the plan is a major tax reduction for almost all citizens and corporations, in particular, those in the middle and lower income classes.” ...(read more)

New Book Shows The ‘Pre-Apocalyptic’ Drought That Could Be Coming Thanks To Climate Change

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The TRUTH will set you free.

Sanders and Trump Offer Two Roads Out of Establishment Politics—Which Will We Follow?

Sanders and Trump Offer Two Roads Out of Establishment Politics—Which Will We Follow? In their very different ways—hope and inclusiveness vs. rancid nostalgia and bigotry—the two candidates are competing for overlapping pools of discontented voters. WILLIAM GREIDER shared from Elizabeth Warren: ‘Black Lives Matter. Black Citizens Matter. Black Families Matter.’ In a landmark speech, Warren proposes a progressive politics that protects black people from violence, ensures access to the ballot box, and builds economic opportunity. JOHN NICHOLS John Boehner’s Downfall Had Nothing to Do With His Position on Abortion The conflict with hardliners that led to the Speaker’s resignation was about tactics, not ideology. ZOË CARPENTER Cycling Redefined: Rwanda’s Joan of Arc Rwandan cyclist Jeanne D’Arc Girubuntu made history over the weekend by becoming the first Rwandan woman to ever race in a world competition. But that was perhaps the easiest of her many battles. DAVE ZIRIN Sanders and Trump Offer Two Roads Out of Establishment Politics—Which Will We Follow? In their very different ways—hope and inclusiveness vs. rancid nostalgia and bigotry—the two candidates are competing for overlapping pools of discontented voters. WILLIAM GREIDER Why Do Sex-Work Diversion Programs Fail? New York’s scheme to divert sex workers from the criminal justice system has often further criminalized them. MICHELLE CHEN September 28, 2000: Ariel Sharon Visits the Temple Mount, Sparking the Second Intifada “A new sense may actually be dawning that only a mass movement against Israeli apartheid (similar to South Africa’s) will work.” RICHARD KREITNER

The TRUTH will set you FREE.