SHELL HAS NO PLANS TO EXPLORE THE COLD WATERS OF ALASKA AGAIN

Shell was an active Alaska explorer and producer for decades until it withdrew from the state in 2015 after a costly and unsuccessful exploration program in the Chukchi Sea, an area off the northwest Alaskan Arctic coast.
News media recently reported Shell plans to resume oil and gas exploration in Alaskan Arctic offshore waters. According to exploration plans filed with the state, the company seeks approval to form an exploration unit covering 86,400 acres and 18 Alaska Beaufort Sea offshore leases held by Shell. The company has committed to seismic and exploration drilling over the next five years in west Harrison Bay, which is in offshore the National Petroleum Reserve-Alaska and 34 miles northwest of the Colville River delta where the onshore Alpine field is now producing.
Alaska News Sources reported that “a spokesperson for Shell says the oil company is seeking an extension of leases it holds in Alaska as a way to make the leases more attractive to a potential buyer and does not itself plan a return to operations in the state.”
If the Alaskan authorities approve Shell's application, Shell “will transition to an alternative operator and fully divest out of the venture," the spokesperson said.
The Alaskan program was extremely costly for Shell. The company spent about $6 billion to acquire leases and conduct exploration over several years.
Shell completed top-hole drilling on two wells in 2012 in the Beaufort and Chukchi Seas, marking the industry’s return to offshore drilling in the Alaskan Arctic after more than a decade. After the drilling season ended one of Shell’s drilling rigs, the Kulluk, was damaged in a maritime incident related to strong weather conditions. The Kulluk and the second drilling rig, the Noble Discoverer, were towed to Asia and later sold for scrap.
In 2013 Shell shelved the program.
(Source: High North News/Alaska News Source – Image: The Kulluk artic platform grounded on Sitkalidak Island shore in the Gulf of Alaska on January 1st 2013/US Coast Guards)

BP SETS OUT STRATEGY TO BECOME AN INTEGRATED ENERGY COMPANY BY 2030

September 19, 2020

bp introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to...

Read More+
WALMART AND ZIPLINE TO BRING DRONE DELIVERY SERVICES IN THE USA

September 19, 2020

By Tom Ward, Senior Vice President, Customer Product, Walmart:"Customers today are busier than ever, which is why every day we’re finding new ways...

Read More+
SHANGHAI ELECTRIC SELECTS NEXTRACKER FOR MOHAMMED BIN RASHID SOLAR PARK IN DUBAI

September 18, 2020

Nextracker, a Flex company, announced that it has entered into a strategic partnership with Shanghai Electric to supply over one gigawatt of its world-leading...

Read More+
AMBITIOUS CLIMATE TARGET FOR MAERSK DRILLING

September 18, 2020

As part of an overall sustainability strategy, Maersk Drilling has set an ambitious target of lowering the intensity of CO2 emissions from its drilling...

Read More+
TOTAL TO FINANCE SOLAR POWER SYSTEM AT SLNG TERMINAL ON JURONG ISLAND

September 18, 2020

Singapore LNG Corporation Pte Ltd (SLNG) and Total Solar Distributed Generation (DG) have signed an agreement for solar power to be implemented at...

Read More+
CNOOC FIRST OFFSHORE WIND POWER CONNECTS TO GRID

September 18, 2020

Hong Kong based CNOOC Limited announced that the first offshore wind power project has connected to the grid and begun to generate power.The offshore...

Read More+
JAN DE NUL ACHIEVES IMPORTANT MILESTONE OFFSHORE TAIWAN

September 17, 2020

Jan De Nul’s Offshore Jack-Up Installation Vessel Taillevent successfully installed for Taiwan Power Company (TPC) the very first Hitachi turbine...

Read More+
ENI FINDS GAS IN THE GREAT NOOROS AREA OFFSHORE EGYPT

September 17, 2020

Eni and bp announce a new gas discovery in the so-called Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters...

Read More+
SINGAPORE – SEMBCORP SIGNS MULTI-YUEAR ENERGY DEAL WITH GOOGLE

September 17, 2020

Sembcorp Industries has signed a multi-year energy deal with Google that involves supplying locally sourced renewable power for the tech giant's Singapore's...

Read More+
PETROBRAS EXTENDS CONTRACT WITH SUBSEA 7 FOR THREE PIPELAY SUPPORT VESSELS

September 17, 2020

Subsea 7 announced an agreement with Petrobras to extend by one year the current long-term day-rate contracts for three pipelay support vessels (PLSVs)...

Read More+
FUGRO LANDS 3-YEAR CONTRACT OFFSHORE INDIA WITH ONGC

September 16, 2020

Oil and Natural Gas Corporation Limited (ONGC) in India has awarded Fugro a 3-year contract to provide integrated survey services for the fourth consecutive...

Read More+
SOVCOMFLOT TAKES DELIVERY OF SCF BARENTS LNG CARRIER

September 16, 2020

On 14 September 2020, PAO Sovcomflot (SCF Group) took delivery of SCF Barents, a new 174,000-cbm LNG carrier. The following day, the vessel embarked...

Read More+