Obama administration closes off two avenues for new Arctic drilling
The Interior Department announced it was canceling government auctions of drilling rights in the Chukchi and Beaufort seas, previously scheduled for 2016 and 2017 respectively. At the same time, it...
View ArticleStudy on Arctic port for drilling support ships put on hold
Shell's decision last month to halt offshore drilling in the Chukchi and Beaufort seas raised questions about the need for the port project aimed primarily at reducing travel costs for oil and gas...
View ArticleEven as it walks away from Arctic drilling, Shell keeps door open for future...
The company says it's walking away from oil exploration in U.S. Arctic waters for the "foreseeable future," but it's keeping its options open.
View ArticleShell CEO: “We have to live within our means”
The oil bust has forced Shell and its rivals to recalibrate the timing and affordability of projects around the world.
View ArticleGasoline dips to $1.90 a gallon for Greater Houston
Patrick DeHaan, senior petroleum analyst for GasBuddy, predicted gasoline prices may tick up slightly this week and then come down more as the holiday season approaches.
View ArticleShell carves more savings from BG Group deal, expects further job cuts
Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said, taking on recent investor concerns about the huge acquisition it announced when crude was...
View ArticleAmnesty International says Shell has not cleaned up oil spills in Nigeria
A new report quotes one contractor as saying his clean-up was “a cover-up” that involved simply turning over earth to let spilled oil dry for a few days, then returning the still-contaminated soil to...
View ArticleShell’s top Arctic exec is retiring, will join KBR board
Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.
View ArticleShell affiliates are buyers, sellers in $390 million midstream transaction
Shell and other producers have also been using deals that sell some of their pipelines to help raise cash as they struggle with low crude oil prices.
View ArticleShell finds 100 million oil barrels in deep-water Gulf discovery
Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
View ArticleFrom space travel to video games, Big Oil pulls tech collaborators from a...
An arsenal of oil and gas gadgets includes a lot of tech that was developed by industry outsiders.
View ArticleGasoline expected to dip below $2 nationwide for Thanksgiving
Gasoline costs also could continue to come down through December, according to GasBuddy, which noted that prices don't always spike during busy driving weeks.
View ArticleGasoline-price drop for Thanksgiving less than expected
The lower-than-expected price drop was attributed to an early spike in oil prices this week resulting from increasing geopolitical tensions in the Middle East.
View ArticleIran offering flexible contracts to woo billions in foreign investment
The new Iranian contracts come even as oil markets fear a surge of new barrels entering a worldwide supply glut.
View ArticleShell Chemical has more plans for Gulf Coast growth, Geismar GM says
Shell said the expansion will make the Shell Geismar Chemical Plant the largest producer of alpha olefins in the world.
View ArticleRussian oil explorers among bidders for Norway Arctic blocks
The 57 blocks on offer include 34 in the Barents Sea southeast, the first new area to be opened to exploration in Norway since 1994.
View ArticleShell plans to shed 2,800 jobs after buying BG Group
The losses amount to about 3 percent of the combined workforce, and come on top of Shell's previously announced plan to shed 7,500 staff and contractor positions.
View ArticleNigerian farmers cleared to sue Shell in Dutch court
Activists said the ruling sets a landmark legal precedent that clears the way for Dutch-based companies to be sued for alleged negligence of their subsidiaries elsewhere in the world.
View ArticleRenewables attracted record $329 billion of investment in 2015
While oil companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc eliminate jobs and curb capital spending to cope with prices that have fallen two-thirds in 18 months, renewables are enjoying a...
View ArticleFor LGBT workers in energy, some find it’s still not easy coming out
Something didn't seem quite right during John Gaspari's first day on the job at an oil field services firm in Houston. He said his department manager avoided eye contact and stared awkwardly at...
View Article