Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘August 31st, 2015’

Discussing the costs of disaster for offshore US oil : Regulation and Environment

Screen Shot 2015-08-31 at 23.40.46

Screen Shot 2015-08-31 at 23.41.55

Screen Shot 2015-08-28 at 08.10.57In this week’s Oilgram News column, Regulation and Environment, Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders.

By Gary Gentile | August 31, 2015

Opponents of offshore drilling in frontier environments, such as the Arctic, have opened up a new front in their effort to curtail such efforts — asking US financial regulators to require more robust disclosure of the risks involved.

A group of Democrats in the US Congress have asked the Securities and Exchange Commission to force companies to tell investors the cost of a catastrophic accident resulting from drilling in ultra-deepwaters or in the harsh and remote waters off the coast of Alaska. 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.

Arctic Drilling: A Giant Gamble for the Planet and Shell’s Bottom Line

Screen Shot 2015-08-31 at 23.19.30

Screen Shot 2015-08-31 at 23.21.08

Kieran Cooke, Climate News Network | August 31, 201

Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 percent of the world’s remaining hydrocarbon resources—including at least 90 billion barrels of oil.

If Shell does strike oil in big quantities maybe its gamble will pay off—and its anxious shareholders can look forward to handsome payouts.

But the whole venture is a high-risk business. The decision by the U.S. administration to allow Shell to start drilling in the Chukchi Sea, off the coast of Alaska, is highly controversial. 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.

Obama set to visit Alaska’s Arctic Circle amid charges of hypocrisy

Screen Shot 2015-08-31 at 23.15.05

Screen Shot 2015-08-31 at 23.14.17

Screen Shot 2015-08-13 at 11.35.25Environmental advocates say decision to permit Shell to set rig off Alaska has tarnished president’s climate legacy

August 31, 2015 

by Renee Lewis @Renee5Lewis55 & Michael Pizzi @michaelwpizzi

President Barack Obama is set to become the first serving U.S. president to witness firsthand the impact of global warming in Alaska’s Arctic Circle when he visits the state this week to press for urgent action against climate change. But many activists have charged him with hypocrisy following his administration’s recent decision to formalize Royal Dutch Shell’s permit to drill for oil off Alaska’s northwest coast. Protests against the administration’s policies are planned Monday in Anchorage, Seattle and Portland. 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.

700 Walrus Seen Near Shell Oil Rigs in Arctic as Obama Visits Alaska

Screen Shot 2015-08-31 at 23.19.30

Screen Shot 2015-08-31 at 23.27.54

Screen Shot 2015-08-31 at 23.32.21

World View | August 31, 2015

Thousands of Pacific walrus are coming ashore on the northwest Arctic coast of Alaska, repeating a migratory change for the walrus which U.S. Geological Survey (USGS) scientists have called a clear effect of loss of Arctic Ocean sea ice on which the animals rely. As the walrus swim south from the preferred but now ice-free feeding ground, Hanna Shoal in the Chukchi Sea, many are passing close enough to the flotilla of Shell Oil ships on its drill site to be seen from the ships. 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.

Oil prices slide as Obama lets Shell drill in the Arctic

Screen Shot 2015-08-31 at 12.42.48

Screen Shot 2015-08-31 at 12.40.10

Screen Shot 2015-08-13 at 11.35.25As the giant Shell oil company begins highly controversial and risky exploration drilling in the Arctic, the price of crude continues to slide. Kieran Cooke from Climate News Network reports: 31 August 2015

It’s a gamble — some would say a giant gamble. Before even one litre of oil has been found, the Anglo-Dutch Shell group is believed to have spent more than US$7 billion just making preparations for its latest Arctic venture.

Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 per cent of the world’s remaining hydrocarbon resources — including at least 90 billion barrels of oil. 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.

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

Screen Shot 2015-08-31 at 12.32.10

Screen Shot 2015-06-13 at 09.26.53

By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015

WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element of his legacy.

But during a three-day trip choreographed to lend spectacular visuals and real-world examples to Mr. Obama’s message on global warming, he will pay little heed to the oil and gas drilling offshore that he allowed to go forward just this month, a move that activists say is an unsavory blot on an otherwise ambitious climate record. 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.
%d bloggers like this: