Arctic

USOC Pre-Olympic Congressional Day

Shell spent billions of dollars and significant political capital to obtain the licenses and approvals required to explore for oil and gas off the coast of Alaska. A US appeals court recently ruled the original lease sale flawed, which threw new obstacles in the company’s path toward offshore Alaskan oil and gas development. The recent… Keep reading →

RWE Struggles To Remain Profitable, Mulls Closing Garzweiler Mine

MidAmerican Energy Holdings, a unit of Warren Buffett’s Berkshire Hathaway, has agreed to buy nearly 450 2.3-megawatt wind turbines – with an estimated collective value of over $1 billion – from Siemens. “MidAmerican is expanding in wind as costs fall.” [Bloomberg] China’s move to tackle air pollution could push major Australian coal mining operations from… Keep reading →

87th Annual Macy's Thanksgiving Day Parade

We guess that means Mrs. Claus would also be Canadian if the North Pole is included in the country’s Arctic claim. “Canada will still meet a Dec. 6 deadline for filing an application to the United Nations to extend its northern sea boundary, according to the daily Globe and Mail. But it now also plans… Keep reading →

Greenland:  A Laboratory For The Symptoms Of Global Warming

Once again, all eyes will turn to the Arctic this week as Canada sets to file its UN claim over an extended continental shelf in the Arctic Ocean. As a signatory to the UN Convention on the Law of the Sea (UNCLOS) in 2003, in order to obtain exclusive rights over the upcoming claim to… Keep reading →

50000 Sardines Swimming New Tank Launched At Aquarium In Yokohama

The Deepwater Horizon spill captured the attention of the American public with images of sea birds covered in oil slick and floating masses of crude on the surface of the ocean. But what has yet to be addressed is the impact of the oil spill on the sea floor. Paul Montagna and a team of… Keep reading →

Prix de l'Arc de Triomphe - Arrivals

Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →

Russia's Gas Monopoly Gazprom Headquarters

Energy companies tend to go to great lengths to deflect or avoid negative attention. That’s what makes this Gazprom campaign so, um, surprising. Gazprom Arctic sent out a tweet today – the same day news broke that the EU is going to charge the gas giant in an antitrust case – with a picture attached. The… Keep reading →

Denver Broncos v Oakland Raiders

Russia has charged Greenpeace activists with piracy for trying to climb onto a Gazprom drilling platform in the Arctic. The charges “carry a potential prison sentence of up to 15 years and a fine of 500,000 rubles (about $15,500)”. [Fuel Fix] China’s National Development and Reform Commission has said that both consumers and refiners will need… Keep reading →

Greenpeace Blockades Faslane Naval Base

It’s unsurprising that Russia wouldn’t want to allow Greenpeace into its territorial Arctic waters, where the country hopes to open up vast new oil and gas fields to exploitation. State-controlled oil giant Rosneft has partnered up with ExxonMobil to develop oil and gas resources on Russia’s Arctic shelf, and potentially export LNG from the Russian… Keep reading →

The Memorial Tournament - Pro-Am

Former Chesapeake Chief Executive Aubrey McClendon just can’t stay away from buying up big tracts of shale-prospective land, a strategy that played a big part in saddling the company with a heavy debt load…apparently one of his new companies is purchasing land in the Utica Shale in Ohio. “McClendon’s playing the same business plan game… Keep reading →

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