Skip to main content

Shell permitted to drill in Alaska: Will it drive oil prices even more southwards ?

Royal Dutch Shell Plc won permission to fully drill a well for oil in the Arctic waters off Alaska for the first time in three years.
The U.S. Interior Department’s Bureau of Safety and Environmental Enforcement granted the permit for the Burger J well in the Chukchi Sea, while limiting drilling at the nearby Burger V site, according to a statement on Monday. Because of a requirement that active rigs have at least 15 miles of space between them, the company can drill only the top section of Burger V.
Shell halted Arctic drilling in 2012 after a rig ran aground, helping prompt the Obama administration to revisit U.S. rules for exploration activities in the region. The producer, based in The Hague, may complete the well as early as this summer.
Environmental groups have protested Shell’s drilling plans, saying that a spill may cause an ecological disaster in the Arctic.
“Not allowing Arctic Ocean oil drilling would have been the right technical decision,” Lois Epstein, Arctic program director for The Wilderness Society, said in a statement.
Shell is committed to operating in a safe, environmentally responsible manner, Smith said.
“Shell has spent years preparing to fully explore its leases in the Arctic offshore,” Senate Energy and Natural Resources Committee Chairman Lisa Murkowski, an Alaska Republican, said in a statement. She said offshore development would create jobs in the state and boost the oil supply for the trans-Alaska pipeline.
 Ref: 
http://www.bloomberg.com/news/articles/2015-08-17/shell-wins-approval-to-drill-for-oil-in-alaska-s-arctic-waters

Comments

Post a Comment

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may ...
9 comments
Read more

Great places to eat in Lucknow

  1. Idris Hotel Located Opposite Patanala Police Station, Chowk-  Officially the best biryani in all of Lucknow . They have the softest meat and the most divine aroma when the waiter brings the biryani to you! "Idris ki Biryani" as it is popularly known.. Here Is The Man Behind Creating This Magical Biryani-the son of Idris ji Source: yummraj.com 2. Tunday Kababi Located in Naaz Cinema Road, this legendary place has the best  mutton korma with sheermal-  the gravy is so rich in flavors, you want to just take an eternity while eating every bite! Source:  www.the-south-asian.com 3. Royal Cafe Located in  51, Hazratganj- This place is famous for it's basket chat.  Aloo tikki, dahi bara, matar kulcha are some of the dishes one must certainly try and  they are hygienic as well . ( they seve gol gappas made wit mineral water) Source: coralswithblues.com 4. Kool Break Located in 17...
1 comment
Read more