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Shell drops plans to drill in the Arctic for now
2014-01-30 14:06:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Facing plunging profits, Royal Dutch Shell has announced it will cut exploration and development funding by nearly $10 billion this year, including halting their long-suffering plans to drill in the Arctic ocean. Shell's new CEO, Ben van Beurden, made the announcement yesterday that controversial plans to drill off the Alaskan coast will be put on hold for another year. The announcement comes just days after Shell suffered a legal setback in its efforts to drill in the Arctic Ocean, which has cost...
Shell shelves plan to drill in Alaskan Arctic this summer
2014-01-30 09:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Shell has announced plans to slash its exploration and development spending from $46bn (27.8bn) to $37bn this year and has ditched plans to drill in the Alaskan Arctic this summer. The cutbacks were unveiled by new chief executive, Ben van Beurden, who said they were part of a range of initiatives to make up for what he described as Shell's "loss of momentum". Van Beurden, who took over from Peter Voser at the turn of the year confirmed that fourth-quarter profits on a current cost of supply...
2014 Winter Drill Program Commences at South Tally Pond, Newfoundland
2014-01-29 15:10:05| Telecom - Topix.net
Canadian Zinc Corporation is pleased to announce the commencement of a winter diamond drill program at the Company's wholly-owned South Tally Pond zinc-lead-copper-silver-gold project in central Newfoundland.
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Federal appeals court may halt Shells plans to drill, baby, drill
2014-01-26 07:28:00| Climate Ark Climate Change & Global Warming Newsfeed
Salon: A federal appeals court decision handed down this week may further complicate Royal Dutch Shells plans to drill in the Arctic this summer--plans that were already complicated by the fact that the oil giant had a disastrous Arctic outing in 2012, demonstrating that its difficult and dangerous to drill for oil in a place with extreme cold, turbulent seas, and no nearby disaster assistance. A three-judge panel of the 9th U.S. Circuit Court of Appeals ruled Wednesday that when the U.S. government...
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plans
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federal
UK invites bids to drill for oil and gas in North Sea
2014-01-24 01:00:00| Offshore Technology
The UK Government has opened the 28th licensing round inviting companies to apply for new licences to drill for offshore oil and gas in the North Sea.
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