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Oil and Gas Exploration

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  • 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...

  • CAMP DAVID, Maryland— President Barack Obama says experts have concluded that Royal Dutch Shell has developed strong safeguards to undertake offshore oil exploration in Arctic waters. Obama says his administration delayed Shell's application for exploratory drilling in the Chukchi Sea northwest of Alaska until it could provide necessary assurances.

  • What's at stake: The debate over Arctic drilling Thursday, 14 May 2015 | 3:18 AM ET

    ANCHORAGE, Alaska— Royal Dutch Shell is planning to park two massive Arctic oil drilling rigs in Seattle's waterfront before they head north— but the petrochemical giant will first have to get around protesters in kayaks and others who want to thwart the new frontier in oil exploration and spark a national debate about fossil fuels and climate change.

  • SEATTLE— Royal Dutch Shell is forging ahead with plans to park two Arctic oil drilling rigs in Seattle, despite the city saying it could issue fines in the case and port commissioners asking Shell to wait. Shell's plan to move the two rigs to Seattle in coming days sets up a showdown between environmentalists and oil exploration advocates and touches off a wider...

  • 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...

  • SEATTLE— Despite a Seattle port commission request that Royal Dutch Shell delay any moorage of oil exploration vessels in the city pending further legal review, a Shell spokesman said Tuesday his company will bring its rigs to a terminal as planned to prepare for exploratory drilling in Arctic waters. Also on Tuesday evening, a small group of activists in...

  • 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...

  • ANCHORAGE, Alaska— Royal Dutch Shell's Arctic drilling program has cleared a major bureaucratic hurdle to begin drilling for oil and gas off Alaska's northwestern coast this summer. The Bureau of Ocean Energy Management on Monday approved the multi-year exploration plan in the Chukchi Sea for Shell after reviewing thousands of comments from the public,...

  • MEXICO CITY— Mexico has announced the opening of bidding for oil and gas drilling rights in 26 areas, the latest in a sweeping oil reform that allows participation of foreign companies. The National Hydrocarbons Commission approved the auction for the land-based areas in five states in southern and northern Mexico, which together could yield 35,000 barrels...

  • 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...

  • ANCHORAGE, Alaska— Royal Dutch Shell's Arctic drilling program has cleared a major bureaucratic hurdle to begin drilling for oil and gas off Alaska's northwestern coast this summer. The Bureau of Ocean Energy Management on Monday approved the multi-year exploration plan in the Chukchi Sea for Shell after reviewing thousands of comments from the public,...

  • 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...