User: irge304 Topic: Energy Extraction
Category: Oil Exploration
2 new since Oct 09 2015 04:56 IST RSS 2.0
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US manufacturing barely expands as global economy slows 1.10.2015 Seattle Times: Business & Technology

WASHINGTON (AP) — U.S. manufacturers expanded at their slowest pace in two years last month, held back by faltering global growth and cutbacks in oil and gas drilling. The Institute for Supply Management says its index of factory activity fell sharply to 50.2 in September from 51.1 in August. That is the lowest level since […]
For Minnesota hazmat inspector, many railcars and not enough time 1.10.2015 Minnesota Public Radio: Law & Justice
A day in the life of one safety inspector shows the steep challenges Minnesota faces keeping watch over a vast number of trains loaded with oil and other hazardous materials.
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Judge blocks drilling rules on federal land 1.10.2015 Durango Herald
CHEYENNE, Wyo. – A judge on Wednesday blocked new nationwide regulations for drilling on federal lands from taking effect while a lawsuit moves ahead, pointing to a law that prohibits the U.S. Environmental Protection Agency from regulating hydraulic fracturing.Just because the EPA lacks authority to regulate fracking...
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Oil prices fluctuate amid mixed data 1.10.2015 New Kerala: World News
New York, Oct 1 : Oil prices wavered as US crude data came in mixed.
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Ruling backs Shell's use of Seattle homeport for its fleet 1.10.2015 AP Washington
SEATTLE (AP) -- A hearing examiner says Seattle officials erred when they said the Port of Seattle couldn't host Shell Oil's Arctic drilling fleet under its current permit....
Schlumberger Deal With Russian Drilling Company Called Off 1.10.2015 Wall St. Journal: US Business
Schlumberger Ltd. on Wednesday backed out of a $1.7 billion deal for a stake in Russia’s largest onshore drilling firm after Moscow didn’t approve the deal by a deadline imposed by the Western oil-services giant.
Hear How Energy Policy Helps Bush Put The ! In Jeb! 30.9.2015 NPR News
With a "praise Jesus" and "preach!" presidential candidate Jeb Bush brought his energy level way up Tuesday, after criticism that he's been flat.
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Survey: US businesses added jobs in September at solid pace 30.9.2015 Seattle Times: Business & Technology

WASHINGTON (AP) — Buoyed by strong consumer spending and steady home sales, U.S. businesses added jobs at a healthy pace in September, according to a private survey. Payroll processor ADP said Thursday that employers added 200,000 jobs this month, up from 180,000 in the previous month. August’s job total was revised lower. Americans are spending […]
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Italian firm Eni poised to begin Arctic oil quest as Shell quits Alaska 30.9.2015 The Guardian -- Front Page

Italian oil giant’s $5.5bn project in Norwegian Arctic set to launch by the end of the year

Italian oil giant Eni has vowed to press ahead with oil production in the Arctic by the end of the year, undeterred by Shell’s decision to abandon its quest for Arctic oil.

As environmentalists celebrated Shell’s retreat from the Chukchi Sea this week, Eni is meanwhile making final preparations to a $5.5bn (£3.6bn) project in the Norwegian Arctic.

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These students worry about exams, polar bears 30.9.2015 CNN: Top Stories
At Longyearbyen, the world's most northerly university, lessons in survival are part of the curriculum
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U.S. offers $5M for ISIS tips 30.9.2015 CNN: Top Stories
The war against ISIS is expanding to a new frontier: its finances.
Exporting Oil and Protecting Wildlife 30.9.2015 Wall St. Journal: Opinion
With U.S. petroleum production likely to increase, here’s how to safeguard the environment along the way.
Environmental groups seek end to all Arctic Ocean drilling 30.9.2015 AP Washington
ANCHORAGE, Alaska (AP) -- Royal Dutch Shell's decision to end its quest for oil in the Arctic waters off Alaska sparked jubilation among environmental activists, who said Tuesday that they will seize the opportunity to seek an end to all drilling to in the region....
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Alaska divided as Shell halts Arctic drilling: heartbreaking news or a miracle? 29.9.2015 Guardian: Environment

The company’s exit has ‘lifted a burden’ on villagers who depend on marine mammal meat, says one Alaska Native, but a state representative bemoans the decision after residents ‘stood on the cusp of another boom’

Like many villagers of Barrow, Alaska, Rosemary Ahtuangaruak woke up on Monday morning and prepared to set out for another day of whaling. Then she checked her phone. She had dozens of unread text messages.

The news was shocking: Shell was shutting down, friends from other time zones said. The company would cease offshore oil drilling operations in Alaska’s Chukchi Sea.

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Alaska fears fallout of Shell’s Arctic drilling decision 29.9.2015 Seattle Times: Local

ANCHORAGE, Alaska (AP) — Royal Dutch Shell’s dry hole in the Chukchi Sea may be disappointing to shareholders, but it’s potentially devastating to Alaska. The company’s decision to end oil exploration in offshore Alaska for the foreseeable future means the state must find another source to fill the 800-mile trans-Alaska pipeline and solve its economic […]
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Shell Didn’t Quit Alaska Out of the Goodness of Its Heart 29.9.2015 Wired Top Stories
After nine years and $7 billion, the Royal Dutch Shell oil company is abandoning its drilling rights in the Arctic Ocean north of ...
It’s Getting Harder for Oil Companies to Make Money. Here’s Why. 29.9.2015 Mother Jones
Fossil fuels Illustration by Johnny Sampson One morning in May, Danielle Fugere tried to convince America's second-largest oil company to get out of the oil exploration business. Standing before a room full of Chevron shareholders in San Ramon, California, she warned that climate change and rapidly shifting oil markets were threatening to erode the corporation's profits. Fugere, president of the shareholder activist group As You Sow , pointed out that Chevron—the world's largest corporate source of carbon dioxide emissions—has spent billions of dollars searching for new, often remote sources of oil that will take years to tap. How, she wondered, can the company remain profitable when it faces plummeting crude oil prices and looming restrictions on fossil fuel use? Rather than funding long-term projects that might never pay off, she argued, Chevron could return the money as dividends or steer it into less risky ventures like renewable energy. "Oil that stays in the ground is valueless," she said . The ...
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Alaska braces for fallout of Shell Arctic drilling decision 29.9.2015 AP Top News
ANCHORAGE, Alaska (AP) -- Environmental groups are celebrating Royal Dutch Shell's decision to end exploratory drilling off Alaska's northern coast, but officials in Alaska say the finding is going to hurt....
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The Latest: Group worries Arctic drilling set back decades 29.9.2015 AP Business
ANCHORAGE, Alaska (AP) -- The latest on Royal Dutch Shell ending exploratory oil drilling in the Arctic Ocean (all times local):...
Shell Drops Arctic Oil Exploration 29.9.2015 Wall St. Journal: Page One
Shell Drops Arctic Oil Exploration

Royal Dutch Shell said it would cease further exploration activity in offshore Alaska for the foreseeable future after disappointing results from a well in the region.

LONDON—Royal Dutch Shell PLC is quitting its $7 billion Arctic campaign after drilling just one well with disappointing results, becoming the latest big oil company to abandon the riches under the northern seas in the face of stubbornly low crude prices.

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