http://www.shell.com/global/future-energy/arctic/shell-in-the-arctic.html
Posted on 05/11/2015 1:18:36 PM PDT by Theoria
The Obama administration gave conditional approval on Monday for Shell Gulf of Mexico, Inc. to start drilling for oil and gas in the Arctic Ocean this summer.
The approval is a major victory for Shell and the rest of the petroleum industry, which has sought for years to drill in the remote waters of the Chukchi seas, which are believed to hold vast reserves of oil and gas.
“We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea, recognizing the significant environmental, social and ecological resources in the region and establishing high standards for the protection of this critical ecosystem, our Arctic communities, and the subsistence needs and cultural traditions of Alaska Natives,” Abigail Ross Hopper, director of the Interior Department’s Bureau of Ocean Energy Management, said in a statement. “As we move forward, any offshore exploratory activities will continue to be subject to rigorous safety standards.”
The Interior Department decision is a devastating blow to environmentalists, who have pressed the Obama administration to reject proposals for offshore Arctic drilling. Environmentalists say that a drilling accident in the icy and treacherous Arctic waters could have far more devastating consequences than the deadly Gulf of Mexico oil spill of 2010, when an oil rig explosion killed 11 men and sent millions of barrels of oil spewing into the water.
The move came just four months after the Obama administration opened up a portion of the Atlantic coast to new offshore drilling, adding a new chapter to the president’s environmental legacy.
(Excerpt) Read more at nytimes.com ...
someone just paid for the north wing of the BHO presidential library.
This is Shell, you greenie weenies, not Bullsh*t Petroleum!
I also expect the ‘XL’ to be approved.
Probably the Indian vote....and a finger to Canada.
Shell - Chukchi Sea Exploration Plan
http://www.boem.gov/shell-chukchi/
Well...if Hillary says she intends to approve it....Obama will approve it.
Lucy, football, Charlie Brown?
hehehe! You may be correct!
Why is this OK but ANWR is not?
Surprised at this.
The Dutch company. Still no Americans allowed there?
Shell must provide goods and services for gay weddings and abortions in order to get the final permits.
Drilling in the Arctic is fine, as long as its the Dutch and Arabs doing it.
“Royal Dutch Shell, a multinational “oil major” is a 50/50 partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a refining and marketing joint venture which owns and operates three oil refineries on the Gulf Coast of the United States.”
Why does it matter if it is a ‘american’ company or any other?
This exploration is from the 2008 lease sale. ConocoPhillips was also a sucessful bidder on many of the leases, along with other companies.
It is pretty normal on the Alaskan North Slope for fields to be owned by several companies but one company is selected to be the operator for the field.
Aren’t they based out of Houston, I would hope it means jobs here.
Absolutely. I suspect 90% or more of the associated jobs will be American, not to mention the multitude of American Stock holders.
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