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.
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.
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.
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.
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.
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."
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.
U.S. District Court Judge H. Russel Holland has sided with Pebble Ltd. Partnership in ordering former Environmental Protection Agency scientist Phil North to testify in the company’s lawsuit against EPA, the Alaska Dispatch News 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.
Oil prices rose Monday over a report from the Energy Information Administration that U.S. crude production has been falling since April and signals that OPEC is finally willing to address the drop in prices. U.S. benchmark crude jumped $2.45 to $47.67 a barrel on the Nymex, while in London Brent rose $2.50 to $52.55, Reuters reports.
Increasing worries about potential fire at a landfill holding waste of barium sulfate from the Manhattan Project since the 1970s has prompted upset St. Louis area residents to pressure the Environmental Protection Agency to accelerate cleanup, The Hill reports.