Arctic offshore drilling Archives – The Green Optimistic

Big Oil and Gas Companies Will be Struggling in Years to Come

Annika Tostengard — Tue, 20 Oct 2015 05:38:10 +0000

As oil prices drop, the biggest oil and gas companies may be the ones that suffer the most. While smaller companies may find it easier to start and stop work as the market fluctuates, the largest companies will likely have a difficulty adjusting. In addition, companies are also cutting their exploration budgets, which will significantly […]

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Shell Abandons Arctic Oil Drilling

Annika Tostengard — Wed, 30 Sep 2015 06:20:28 +0000

Royal Dutch Shell is giving up Arctic oil drilling, for now. After spending $7 billion on the search and fighting for the right to drill in the waters off Alaskan shores, the company simply could not find enough oil to make the project financially advantageous. Environmental groups in Alaska are ecstatic over the news, after […]

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Arctic Drilling Suspended as Shell Regroups After Mishaps

Leigh Hutchens — Mon, 04 Mar 2013 20:42:59 +0000

In 2013, the Arctic is safe from at least one oil company’s drills. Royal Dutch Shell announced on Wednesday that it will not be drilling in the Arctic this year. The announcement is on the heels of many embarrassing and costly accidents while drilling exploratory wells off the north coast of Alaska in 2012. The […]

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