Shell has dropped plans to drill exploration wells to potential hydrocarbon depths after a spill containment dome on the company's Arctic Challenger response barge was damaged during a test.
Although the Kang Sheng Kou heavy-lift vessel brought the Endeavour-Spirit of Independence jack-up rig to Cook Inlet waters from Singapore, the Endeavour rig might have carried its own unique cargo.
Shell’s run of hard luck in the Arctic continued last week.
Statoil has delayed its first exploration drilling in the Chukchi Sea until at least 2015 because of continued regulatory uncertainties facing Shell’s efforts to drill, a Statoil official in Houston said Sept. 7.
Great Bear Petroleum and its partner, Halliburton, are now drilling into North Slope shale rocks, extracting core samples and conducting tests to see if oil can be extracted from the shale.
A new report detailing fossil fuel and geothermal potential in unexplored areas of Alaska was released Sept. 7 by the Alaska Division of Geological and Geophysical Surveys.
Oil traded above $97 a barrel Thursday after attacks on U.S. diplomatic missions and the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East.
Royal Dutch Shell on Monday was moving its drill ship off a prospect in the Chukchi Sea, a day after drilling began 70 miles off the Alaska coast because sea ice was moving toward the vessel.
After years of delay and almost $5 billion spent, Shell has a drill bit turning in the Alaskan Arctic offshore.
BP PLC is selling some deep-water Gulf of Mexico oil and gas properties to Texas-based Plains Exploration & Production Co. for $5.55 billion.
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