Drilling

Oil

Arctic drilling support vessel heading to Oregon for repair

ANCHORAGE, Alaska (AP) — Shell oil company will send a damaged ship carrying equipment required for Arctic offshore oil drilling from Alaska back to the West Coast for repairs.

Royal Dutch Shell PLC 's drilling schedule for two exploratory wells this summer in the Chukchi Sea off Alaska's northwest coast, however, shouldn't be delayed by maintenance work on the 380-foot icebreaker Fennica, spokesman Curtis Smith said Monday.

Oil

Review of Halliburton-Baker Hughes tie-up to extend into November

Source: 
FuelFix

The antitrust review process for the proposed $34.6 billion merger between oilfield service giants Halliburton and Baker Hughes will extend until at least Nov. 25, the companies announced Friday, FuelFix reports.

Oil

US oil and natural gas rig count up by 1 to 863

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 863.

Houston-based Baker Hughes said Friday 645 rigs were seeking oil and 217 explored for natural gas. One was listed as miscellaneous. A year ago, 1,875 rigs were active.

Oil

Shell risking a lot on its Arctic plans

Source: 
The Wall Street Journal

Royal Dutch Shell could eventually more than double its oil and gas reserves, or it could be making a very expensive mistake, depending on the outcome of its attempts to drill in the Arctic’s Chukchi Sea this summer, The Wall Street Journal reports.

Oil

Another Arctic drilling issue: Shell icebreaker has a hole

Source: 
FuelFix

The crew of Shell's icebreaker MSV Fennica, on its way to the Chukchi Sea carrying a critical piece of equipment, found a leak Friday in the ship's ballast tank and it has turned back for repairs, FuelFix reports.

Oil

Linn Energy lines up more capital, sells off more assets

Source: 
FuelFix

Driller Linn Energy says it has finalized deals with private equity firms for $1.5 billion to fund acquisitions and development, even as it is selling off its last position in the Permian Basin for $281 million, FuelFix reports.

Oil

Environmentalists ramp up fight to stop Arctic drilling this summer

Source: 
The Hill

Environmentalists are pulling out the stops in their legal and administrative moves to try and stop Royal Dutch Shell from drilling exploratory wells in the Arctic this summer, The Hill reports.

Oil

Rig count gains, oil rigs jump

Source: 
FuelFix

The overall rig count in the U.S. increased by 3 this week to 862, but rigs drilling for oil jumped by 12, showing a gain for the first time in 2015, FuelFix reports.

UN leader seeks to help Caribbean on climate change

BRIDGETOWN, Barbados (AP) — The U.N.'s secretary-general pledged Thursday to press for more funding to help small island developing states adapt to impacts of climate change and foster sustainable development.

Ban Ki-moon opened a Barbados summit of the 15-member Caribbean Community, telling the leaders that they are on the "climate front lines" and govern nations that are "some of the most vulnerable countries in the world."

Oil

Energy XXI gets $21 million for offshore field

Source: 
FuelFix

As part of its efforts to improve cash flow during the oil slump, Houston-based offshore operator Energy XXI has sold a rich field near the mouth of the Mississippi River to a private buyer for $21 million, FuelFix reports.

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