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Oil and Gas Exploration

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  • SEATTLE— One of two protesters who affixed themselves to an Arctic oil-drilling support ship parked north of Seattle left the vessel Sunday, but the other remained suspended from its anchor chain in an effort to draw attention to climate change and the risks an oil spill could pose in the remote waters off northwestern Alaska. Protester Matt Fuller requested...

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...

  • SEATTLE— An official with the state Department of Natural Resources says Seattle activists protesting Shell's plans to drill for oil in the Arctic did some environmental damage to a popular dive park. KIRO radio reports activists left behind material used to anchor their protest barge when they sent kayaks out last weekend to protest the Shell oil rig in...

  • OSLO, May 22- Wage talks involving thousands of Norwegian offshore oil workers broke down late on Thursday, unions and employers said, raising the risk of a strike that could disrupt oil exploration and efforts to raise output from existing fields. The talks between the Norwegian Shipowners' Association and three labour unions affecting more than 9,000...

  • OKLAHOMA CITY/ WASHINGTON, May 20- Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn an 80- year-old statute that allows cities and towns to ban drilling operations within their borders. The move by Oklahoma's Republican-majority legislature follows a similar law signed on Monday by Texas Governor Greg Abbott in...

  • SEATTLE— Neither a protest by hundreds of demonstrators nor a permit violation notice from the city will halt Royal Dutch Shell's use of a Seattle seaport terminal as it prepares for exploratory oil drilling in the Arctic Ocean, spokesmen say. "It remains our view that the terms agreed upon by Shell, Foss and the Port of Seattle for use of Terminal 5 are valid, and...

  • Smog over Beijing, China.

    Governments globally charge prices for energy that do not account for its harmful side effects, amounting to a $5.3 trillion subsidy, the IMF said.

  • SEATTLE— Foes of Royal Dutch Shell's use of a Seattle seaport terminal to prepare for exploratory oil drilling in the Arctic Ocean attacked on two fronts Monday as a few hundred protesters blocked port entrances and the City of Seattle declared that Shell and its maritime host lacked a proper permit. "It remains our view that the terms agreed upon by Shell, Foss...

  • SEATTLE, May 16- Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city's port. Environmental groups have vowed to disrupt the Anglo-Dutch oil company's efforts to use the Seattle as a home base as it...

  • WASHINGTON, May 15- U.S. industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter. The economy's struggle to pick up steam after a dismal first quarter was underscored by other data on Friday showing a drop in...

  • LONDON, May 13- Premier Oil produced less oil and gas in the first quarter of the year, but its output of 60,200 barrels of oil equivalent per day was above guidance, sending its shares higher on Wednesday. Premier Oil's main frontier exploration work is focused on the Falkland Islands, where oil drilling remains controversial due to a sovereignty dispute between...

  • LONDON, May 13- Premier Oil has further reduced its capital expenditure plan for this year as it adjusts to weak crude prices that have already forced it to suspend a shareholder payout for 2014.. Premier Oil's main frontier exploration work is focused on the Falkland Islands, where oil drilling remains controversial due to a sovereignty dispute between...

  • WASHINGTON, April 1- For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this...

  • HAVANA/ PARIS, May 12- French oil company Total on Tuesday denied it had signed an offshore exploration deal with Cuba during President Francois Hollande's visit there. "Total categorically denies it has signed an offshore exploration agreement with Cuba," a spokesman said. A source with knowledge of the matter said Total's marketing and services branch, which...

  • The Department of Interior conditionally approved Shell's plan to explore for oil in the Chukchi Sea off Alaska. Shell has already spent about $6 billion on exploration in the Arctic. "We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea," said Abigail Ross Harper, the director of the Bureau of Ocean Energy...

  • YANGON, May 3- Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries- Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte....

  • U.S., BRENT CRUDE FUTURES PARE LOSSES SLIGHTLY ON DATA SHOWING U.S.

  • POLL-Oil prices to stay weak for at least a year Thursday, 30 Apr 2015 | 6:00 AM ET

    *Brent crude oil seen averaging $60/ barrel, WTI $54.40 in 2015. April 30- Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. The price crash has forced some exploration companies to stop drilling for oil and...

  • WASHINGTON, April 28- An environmental group and a law clinic have petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in Arctic waters, the groups said on Tuesday. While catastrophic oil spills are rare, one in the Arctic could cost $10 billion or...

  • WASHINGTON, April 28- An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said on Tuesday. Oceana, an international environmental group, and the Abrams Environmental Law...