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Posts on ‘August 17th, 2015’

Shell gets final permit for Arctic oil drilling

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Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic.

Shell began work last month, but was allowed to drill just the top sections of two wells, off the coast of Alaska.

Environmental campaigners are against the drilling which they say could harm the region.

But the US government said it was monitoring Shell’s work “around the clock” to ensure the “utmost safety”.

“Activities conducted offshore Alaska are being held to the highest safety, environmental protection, and emergency response standards,” added Brian Salerno, director of The Bureau of Safety and Environmental Enforcement (BSEE), which issued the final permit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

U.S. gives Shell final nod to drill for oil in Arctic

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By Timothy Gardner

Aug 17 (Reuters) – The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight.

The U.S. Department of the Interior permit allows Shell to drill in the oil-rich Chukchi Sea off the northwest coast of Alaska. Shell interrupted its drilling program in the region in 2012 after suffering a series of mishaps, including losing control of an enormous rig, from which the Coast Guard had to rescue 18 workers. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Returns to Swiss Bond Market With Increased Debt Offering

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(Bloomberg) — Royal Dutch Shell Plc sold bonds in the Swiss currency for the first time since 2006, increasing the offer to more than 1.3 billion francs ($1.3 billion) on strong demand.

The oil giant issued 800 million francs of notes due in August 2023 and 525 million francs of August 2028 bonds, according to data compiled by Bloomberg. The debt was sold to yield 29 basis points and 40 basis points more than benchmark rates, respectively, the data show. The company originally planned to sell 900 million francs of debt, according to a person familiar with the deal who asked not to be identified because they aren’t authorized to speak publicly. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Feds allow Shell to drill for oil in Arctic Ocean off Alaska for first time in 20-plus years

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ANCHORAGE, Alaska (AP) — The federal government has given Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades.

The Bureau of Safety and Environmental Enforcement said Monday that exploratory drilling can go ahead after the oil giant brought in a required piece of equipment to stop a possible well blowout in the Chukchi (chuk-CHEE’) Sea.

The agency in July gave Shell permission to drill only the top sections of two wells because key safety equipment hadn’t arrived. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

How Chevron, Exxon and Shell Will Be Impacted By Australian Tax Legislation

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By: MICHEAL KAUFMAN: Aug 17, 2015

In the past, Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) have managed to charge high interest rates from their Australian subsidiaries for the funding of their $54 billion Gorgon project. The high interest payments allowed the oil majors to enjoy massive tax-free profits. However, the Australian Senate is now working on ways to reform the corporate structure and prevent the massive flight of capital from Australia to other countries. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell’s $7bn Arctic folly is at odds with global action

WWF-UK LETTER PUBLISHED BY THE FINANCIAL TIMES

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August 16, 2015

Sir, We are profoundly alarmed at Shell commencing drilling into oil-bearing rock in the Chukchi Sea off Alaska. Drilling in this fragile habitat is riddled with risks for local communities and for the environment, including species that depend on the sea ice, such as polar bears and bowhead whales. The reckless pursuit of hydrocarbons is also incompatible with tackling climate change.

There is no reliable technology for the effective containment, recovery or clean-up of oil spilt in ice-infested waters. Shell has not published the results of the testing of its safety capping stack and containment dome, undertaken after its failed Alaska operations in 2012. Therefore the public cannot be sure that the environment would be protected in the event of a blowout. Meanwhile, at Hanna Shoal, near the drill sites, thousands of walrus haul out on to sea ice — a reminder of the environmental stakes for the Arctic. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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