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UK opposes Arctic drilling ban, to update policy this year

2013-01-15 01:02:00| Climate Ark Climate Change & Global Warming Newsfeed

IPS: LONDON (Reuters) - Britain opposes a stop to oil and gas drilling in the Arctic, the government said in a report on Tuesday, dismissing a parliamentary committee call to impose an exploration ban in the environmentally fragile region. The Arctic holds 30 percent of the world's undiscovered gas and 13 percent of its untapped oil, experts estimate, but exploration there is risky and costly, and any spills would severely threaten the environment. Members of the Arctic Council including Norway,...

Tags: policy year update ban

 

Sweden's Lundin begins drilling of North Sea's Ogna prospect

2013-01-15 01:00:00| Offshore Technology

Swedish independent oil and gas exploration company Lundin Petroleum has commenced drilling of exploration well 8/5-1 in PL453S to confirm the presence of hydrocarbons in the Upper to Middle Jurassic reservoirs.

Tags: north begins prospect seas

 
 

US launches review of Arctic drilling after Shell rig accident

2013-01-14 01:00:00| Offshore Technology

The US Interior Department has launched a high-level assessment of Royal Dutch Shell's 2012 Arctic oil drilling programme in the Beaufort and Chukchi Seas, in an effort to review existing practices.

Tags: review accident shell launches

 

Shell Says Tax Played Role in Move of Drilling Rig That Grounded

2013-01-11 17:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Avoiding a state tax played a role in Royal Dutch Shell Plc (RDSA)s decision to move a drilling rig from Alaska waters, though the company said the vessels grounding days later was the result of an unforeseen worsening of weather. The Kulluk broke free from its tugboat in stormy seas on Dec. 31 and ran aground on an uninhabited Alaskan island, another embarrassment for a company that has spent $4.5 billion and seven years in pursuit of oil beneath the Chukchi and Beaufort seas in the Arctic...

Tags: that role move tax

 

Torrent Energy Services To Address Drilling Surges In Nation's Liquid-Rich Shale Plays

2013-01-11 14:09:56| oilandgasonline News Articles

As drilling reaches an all-time high in liquid-rich shale plays, the need for processing equipment has become critical. A new provider of modular and mobile NGL processing equipment –Torrent Energy Services– has been established to respond to this unprecedented demand. Torrent Energy Services provides both upstream and midstream gas processing solutions for NGL Recovery, Fuel Gas Conditioning and Hydrocarbon Dew Point Control.

Tags: services address energy plays

 

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