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Shell's rig failure the tip of the iceberg for Arctic drilling?

2013-01-10 01:00:00| Offshore Technology

The recent grounding of Shell's drill ship in Alaska has added fuel to fears that offshore operations in the Arctic may be too risky. And while the Obama administration has supported Arctic offshore drilling in the past, the tables may be about to tu

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Shell's Arctic drilling plan under threat after US orders review

2013-01-08 23:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The Obama administration ordered a sweeping review of Shell's plans to drill in the Arctic on Tuesday, after a series of mishaps ending with the New Year grounding of the company's Kulluk rig. The review and a separate investigation of the grounding of the Kulluk raises the possibility that Shell, after investing six years and $5bn trying to extract oil in harsh and remote conditions, may be forced to re-evaluate entirely its plans to drill in the Arctic. The high-level review will home...

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Extreme Weather Blocks Shell's Attempt to Recover Oil Rig

2013-01-06 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Dow Jones: Unsteady seas thwarted Royal Dutch Shell PLC (RDSA.LN, RDSA) and the U.S. Coast Guard's attempts Sunday to retrieve Shell's oil rig from an Alaskan island where it has been grounded for nearly a week. Shell's Kulluk oil rig crashed into the uninhabited Sitkalidak Island off the south Alaska coast late Monday after stormy seas pried it loose from tug boats that had been pulling it to Seattle for maintenance work. The Kulluk had been drilling exploratory wells in the Arctic waters as part of Shell's...

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Rig Grounding Revives Debate Over Shells Arctic Drilling

2013-01-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: This weeks grounding of a rig off the coast of Alaska adds to a series of mishaps in Royal Dutch Shell Plc (RDSA)s seven-year quest to tap the vast oil reserves of the Arctic and emboldened critics who say it cant be done safely. The drill ship Kulluk broke free of a tow boat in a storm Dec. 31 and remained upright though stranded last night on the coast of Sitkalidak Island, about 60 miles (97 kilometers) southwest of the town of Kodiak. The crew was evacuated and there were no signs the vessel...

Tags: debate arctic drilling rig