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Arctic

Polar bear harassment by oil companies challenged

About 2,000 of the 25,000 polar bears in the Arctic live in and around the Chukchi Sea, where the government in February auctioned off oil leases to Shell Oil Co., ConocoPhillips Co., and five other companies for $2.6 billion. Over objections from environmentalists and some members of Congress, the sale occurred before the bear was classified as threatened in May.

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Shell CEO Jeroen van der Veer doesn’t expect oil supplies to run short

Bloomberg

 

 

EXTRACTS FROM BLOOMBERG ARTICLES PUBLISHED 7 JULY 2008

Royal Dutch Shell Plc (RDSA NA): Chief Executive Officer Jeroen van der Veer doesn’t expect oil supplies to run short, even in the long-term, Swiss newspaper Finanz und Wirtschaft reported, citing an interview.

Separately, Europe’s largest oil company and BP Plc can explore for oil in Alaska’s Arctic waters, according to a ruling by a federal judge in Anchorage, who dismissed a lawsuit that sought to block the companies’ exploration plans. Shell fell 23.5 cents, or 0.9 percent, to 24.88 euros. read more

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Shell, BP Can Explore for Oil Offshore From Alaska, Judge Rules

Shell spokesman Curtis Smith declined to comment apart from saying the ruling came after business hours. Shell plans to carry out its seismic program in Alaska this summer, he said.

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Appetite for Arctic oil rises in line with crude prices

The appetite for Arctic oil has surged in line with rocketing crude prices but environmental concerns and a diplomatic stalemate stand in the way of exploration, experts say.

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EPA permit brings Shell a step closer to drilling in Beaufort Sea

The EPA permit allows Shell Offshore Inc., a subsidiary of Dutch-owned Royal Dutch Shell PLC, to release up to 245 tons of nitrogen oxides at each of its drilling sites in the Beaufort Sea.

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Bush calls for lifting of ban on Alaska oil drilling

George Bush, responding to public alarm over soaring petrol prices, yesterday proposed overturning decades-old bans on drilling for oil off the US coast and in the pristine Alaskan wilderness.

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Oil: does anyone know which way the wind blows?

As Opec hosts a meeting of global leaders, Mark Leftly sees if sanity can be restored to a world where predictions lurch from $80 to $250 a barrel and from stability to catastrophe.

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US government ‘failing to protect polar bears’

The state's outer continental shelf was long thought too remote and costly to drill. BP and Shell are among those investing heavily in Alaskan exploration.

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Shell, Gazprom Agree to Study Arctic LNG Projects (Update2)

Royal Dutch Shell Plc and OAO Gazprom, Russia's gas exporter, signed a preliminary agreement to study liquefied natural gas projects on the Yamal peninsula in Russia's far north. The companies may also consider LNG projects in third countries, Shell Chief Executive Officer Jeroen van der Veer said in an interview at the St. Petersburg International Economic Forum today.

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Shocked! How the oil crisis has hit the world

All around the world, in a multitude of ways, the soaring price of oil is hurting rich and poor alike. For the lucky ones, it is simply a matter of changing their lifestyle. But those most vulnerable to the price of oil have been driven on to the streets in angry protests, which raise a fundamental question: what can we do to survive in a world where a barrel of oil costs $127 (£64)?

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Exxon Mobil CEO takes aim at environmentalists

Rex Tillerson, chairman and chief executive of Exxon Mobil Corp., the world's largest oil-and-gas company, came out swinging Wednesday against the environmental movement, arguing the science of climate change is far from settled and that his company views it as its "corporate social responsibility" to continue to supply the world with fossil fuels.

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Closed-door Arctic deal denounced as ‘carve-up’

Environmentalists today denounced as a territorial "carve-up" a deal signed by five Arctic nations seeking to resolve competing claims for control of the polar region.

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Talks aim to avert Arctic oil rush

Commercial interest in exploiting the Arctic is hotting up. Denmark recently attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off its western coast. Alaska, meanwhile, garnered aggressive bidding by Royal Dutch Shell, Europe's biggest energy group, which earlier this year won the right to explore the remote part of the state's Arctic North Slope.

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Ice Dwellers Are Finding Less Ice to Dwell On

...the retreat of the polar ice cap is luring human industry northward as never before. In February, for example, the Interior Department awarded Royal Dutch Shell the right to drill for oil in the Chukchi Sea off the northwestern shore of Alaska, a heretofore unprospected patch of marine habitat and prime walrus fishing ground.

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Russia accused of annexing the Arctic for oil reserves by Canada

Russia's movements could pitch it into a serious territorial dispute with the US for the first time." Tension in the Arctic is also being heightened by the revival of Russian Cold War-era manoeuvres. Hardly a week passes without Russian aircraft over-flying the North Pole, simulating strikes on "enemy" bases and shipping.

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Inupiat Eskimo sue Shell to fend off danger of offshore oil

So far, neither the legal wrangling, nor the high costs of Arctic operations have daunted Shell and other top oil companies, which are eager to capitalize on soaring prices and projections of unquenchable demand for oil and gas in the coming decades. As the largest new player offshore, Shell has spent nearly $3 billion on leases in the Beaufort and Chukchi seas. Both Shell and ConocoPhillips are trying to amass federal permits that would free them to ramp up exploration this summer. Those permits would allow the "incidental harassment" of wildlife during routine industrial activities.

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Oil cos. expect battles over polar bear listing

JUNEAU, Alaska (AP) -- The lawyers aren't clearing their calendars just yet, but the oil industry is bracing for some courtroom battles to maintain its stake in Alaska's oil-rich fields now that the Interior Department has listed polar bears as a threatened species. Shell said it's too early to tell how the ruling will effect any of the company's offshore plans.

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Polar Bear Gets Threatened Status Because of Warming

Royal Dutch Shell Plc, the world's second-largest oil company, was the biggest bidder, offering $2.1 billion for rights in the Chukchi Sea. Shell spokesman Curtis Smith said it's ``too early to tell'' how the listing may effect its operations in the Chukchi and Beaufort seas.

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Lawsuit Filed to Block Loud Oil Exploration in Arctic Seas

Seeking a preliminary injunction to prevent seismic surveying in the Arctic Ocean, the lawsuit alleges the federal government violated the National Environmental Policy Act by issuing permits to Shell Oil and British Petroleum prematurely, before completing an Environmental Impact Statement.

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Oil president wants more access to energy resources

COEUR D'ALENE, Idaho -- The United State's reliance on foreign oil is being increased because of limits placed on where companies can search for resources, the president of Shell Oil Co. says. "The U.S. prohibits access to its own natural resources," John Hofmeister said. "We need more oil and gas, whether it's onshore Alaska, or offshore Alaska."

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Oil exploration tests off Alaska prompt lawsuit

ANCHORAGE, Alaska, May 5 (Reuters) - A coalition of environmental and Alaska Native groups on Monday filed a lawsuit seeking to block the oil industry from conducting seismic tests the groups say will harm whales, walruses and other marine mammals in the Beaufort and Chukchi seas.

The lawsuit, filed in U.S. District Court in Anchorage, targets permits issued to Shell and BP...

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Groups sue to stop seismic oil exploration in Arctic seas

The groups are challenging federal permits that allow Shell Oil Co. and BP PLC to search for oil and gas using powerful acoustic devices that have been shown, at times, to harm a variety of marine animals.

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Bears could halt Shell Arctic plan

In February, Shell paid hundreds of millions of dollars to the US government for licences to extract oil and gas there. Environmentalists say polar bears, declining as ice melts, will be wiped out if oil is drilled. Last year, Arctic ice melted at a faster rate than ever before. Shell said it is complying with all regulations and is taking every step possible to minimise disruption.

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