Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. 鈥淥perating costs are expected to fall by over $4 billion鈥
The US$70 billion Shell and BG Group merger cleared Brazilian regulatory approval, bringing it a step closer to its set completion date of early next year, according to a Reuters report. Brazil's Libra field activity鈥
The Fennica icebreaker vessel that Shell planned to use as part of its Chukchi Sea drilling operations had to return to Dutch Harbor in Alaska to undergo repairs after its hull was breeched, Finland-based Arctia 云顶赌场老虎机 reported today (7 July)鈥
Thirteen activists in kayaks intercepted Shell's drilling rig, the Polar Pioneer, in Seattle's Puget Sound as the rig prepared to depart for the Arctic as part of Shell's US$1 billion Arctic exploration and drilling program. Kayaktivists鈥
A total of 12 groups are challenging the US Department of Interior鈥檚 (DOI) decision to reaffirm the 2008 Chukchi Sea lease sale that will allow oil and gas drilling in a nearly 30 million acre area of the Chukchi Sea outer continental shelf (OCS)鈥
Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company鈥
The US Coast Guard (USCG) reported that the Noble Discoverer drillship has left the Port of Everett, Washington, in the early morning hours of 30 June, and is now Arctic-bound. Thus bringing Shell closer to its Chukchi Sea drilling season鈥
The US Bureau of Ocean Energy Management (BOEM) granted conditional approval of Shell鈥檚 multi-year exploration plan for the Chukchi Sea today (11 May). The approval comes after what the agency described as a 鈥渃omprehensive review.鈥 Last month鈥
The National Transportation Safety Board (NTSB) is naming Shell as being ultimately responsible for the grounding of the Kulluk ice-class mobile offshore drilling unit (MODU) in 2012 offshore Alaska, due to the company鈥檚 inadequate assessment of the risk for the towing鈥
Shell released this video outlining its safety efforts for Arctic exploration. The company received conditional approval for its exploration plan in the Chukchi Sea on 11 May 2015. Shell is planning to spend US$1 billion to explore the Arctic鈥
Shell鈥檚 Executive Vice President, Arctic, Ann Pickard discussed the supermajor鈥檚 investment and current challenges facing its Arctic exploration program at this year鈥檚 云顶赌场老虎机 Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015鈥
Norwegian authorities granted Shell Norske permission to operate the Draugen field for a short period beyond its expected lifetime. But, the Petroleum Safety Authority (PSA) was not able to give consent for Shell to use the Draugen facilities beyond 2024鈥
For Shell, exploration isn鈥檛 just about the seismic, it鈥檚 about joining up the petabytes鈥 worth of seismic dots between its global team of experts. Meg Chesshyre reports. Subsurface imaging, but鈥
Transocean鈥檚 Polar Pioneer has recently become the center of attention in Seattle. On 12 May 2015 a request was made by the Port of Seattle commissioners which asked Shell to postpone the rig鈥檚 move to the Port of Seattle鈥檚 Terminal 5 while permitting issues are worked out鈥
International oil major Shell has made a US$70 billion cash and share offer for UK-headquartered deepwater and LNG-focused BG Group in what is one of the first supermajor deals since the early 2000s. The move, which offers a 52% premium to BG Group's share price鈥
