Shell CEO Ben van Beurden said the company's newly approved takeover of BG Group would allow it to become a "simpler and more profitable company" during a prolonged period of low oil prices, Platts reports.
ANCHORAGE, Alaska (AP) — The president of Shell Oil Co. said exploratory drilling off Alaska's northwest coast is going well despite stormy weather last week that caused the company to halt operations for a few days.
And in an interview Tuesday with The Associated Press Marvin Odum said he expects further protests against the company's plans for Arctic drilling like the ones in Seattle and Portland where activists in kayaks tried to block Shell vessels.
AUSTIN, Texas (AP) — The regulatory agency overseeing Texas' oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn't caused by drilling operations by an Exxon Mobil subsidiary.
The preliminary findings mark the first decision by the Texas Railroad Commission since it was authorized last year to consider whether seismological activity was caused by injection wells, which store briny wastewater from hydraulic fracturing.
Some Alaska native leaders remain undeterred by warnings of more extreme weather from a changing climate, with most in the North Slope region embracing expanded oil and gas development both onshore and in Arctic waters, E&E reports.
Coast Guard documents show Transocean’s Polar Pioneer, which is involved in Shell’s exploratory well drilling in the Chukchi Sea this summer, failed tests with fire and pollution equipment in the months leading up to the Arctic drilling, FuelFix reports.
A 30-second television ad highlighting the importance of energy development in Alaska is running in markets throughout the state ahead of President Obama’s visit set for Monday, paid for by the Arctic Slope Regional Corp., which hold North Slope drilling rights and represents around 12,000 native Alaskans, FuelFix reports.
The Obama administration has only given Shell permission to work on a single well at a time in Arctic waters this summer, adviser Brian Deese reminded reporters on a conference call Monday, adding that the intent is to keep drilling activity strictly limited, The Hill reports.
Grid operators and utilities will bring their arguments Wednesday to the U.S. Supreme Court against the Federal Energy Regulatory Commission rule requiring them to offer incentives to customers who cut electricity use during peak demand, E&E reports.
A bill signed into law by Pennsylvania Gov. Tom Wolf last week clarifies the legal liabilities involved when a driller uses mine water in the hydraulic fracturing process, the Pittsburgh Post-Gazette reports.
A class action lawsuit filed in federal court in Los Angeles Monday is citing California emissions laws in demanding Volkswagen immediately buy back diesel vehicles caught up in the company’s emissions testing scandal, the Los Angeles Times reports.
Data from China showing the country imported more crude last month, alongside bargain hunting after Monday’s price collapse, were helping to support oil early Tuesday. West Texas Intermediate crude rose 1.2 percent to $47.64 a barrel in electronic trading on the Nymex, while in London Brent gained 1.3 percent to $50.88, The Wall Street Journal reports.
Johnson Controls Inc. is putting lithium-ion batteries into energy storage systems at the Merchandise Mart building in Chicago and in a U.S. military base in Puerto Rico, the Milwaukee Journal Sentinel reports.
United Parcel Service vehicles running on alternative fuel have logged more than 500 million miles, more than halfway to the company goal of hitting a billion miles by 2017, the Pittsburgh Post-Gazette reports.