• 22 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 24 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 1 day Shell Restarts Bonny Light Exports
  • 1 day Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Is Hydrogen Fuel As Dumb As Musk Thinks?

Is Hydrogen Fuel As Dumb As Musk Thinks?

Hydrogen fuel cells have been…

Shell Forced to Reduce the Scale of their Arctic Exploration Plans

Shell Forced to Reduce the Scale of their Arctic Exploration Plans

Shell’s plans to drill up to five wells in the Arctic Waters off Northern Alaska have been hit by delays due to late thawing sea ice along the coast, and interruptions in the construction of its emergency oil spill containment barge.

Peter Voser, the CEO, has stated that they plan to drill just two exploration wells in the Chukchi and Beaufort seas. Although, in order to take full advantage of the drilling rigs and exploration vessels that are already in the area, Shell will consider top-hole drilling a few wells. This is the process whereby a well is drilled, but stops before it actually reaches a reservoir of hydrocarbons. Shell can then return to the site in future to complete the well (a bit like laying the foundations for a house, in preparation for the day you want to build it).

The Arctic drilling season is notoriously short due to the threat of sea ice during most of the year. Normally ice encroaches on the area of the planned drill sites around the start of November, but this year, due to unusually thick shore ice taking much longer to melt, the sea temperatures are lower and it is predicted that the ice could arrive earlier, cutting the season by several precious weeks.

Shell must also wait for the completion of its Arctic Challenger barge, a major part of its oil spill containment system. Important safety and operational systems are still to be installed, and then the whole barge must pass certain tests upon inspection by the Coast Guard. Only then will it earn a ‘certificate of inspection’ and be fit for use on the open sea.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News