Shell president optimistic about Arctic offshore drilling

Shell had received conditional approval at the end of July to only drill into the top sections of the Burger J and Burger V wells, as the capping stack was not on location.

“I’ve been to the Arctic, I’ve seen the beauty, I’ve seen the wildlife, and my heart breaks to think that Shell is up there right now, drilling for the oil that threatens not only their habitat but ours”. “We saw quite a bit of very public opposition when we were in the Pacific Northwest”.

The CEO said that his is 110 percent ready to work with people who want to find ways to improve drilling.

“We had a few days in the last week where we couldn’t operate because of the weather”, he said.

President Marvin Odum gestures while speaking to The…

The U.S. Geological Survey estimates Arctic waters within the Chukchi and Beaufort seas maintain as much as 26 billion barrels of recoverable oil.

“The melting of sea ice, for example, will result in… the possibility to develop newly accessible oil and gas reserves”, Clinton said during a speech in Greenland in 2011. If it’s found, Shell could apply for production permits and move oil by undersea pipe to the Alaska shore and then overland across northern Alaska to the trans-Alaska pipeline.

“The reality is that hydrocarbons will remain a major part of the world’s energy system for many years, not least because they provide the path to prosperity for many millions of people in the developing world, enabling them to enjoy living standards that the western world takes for granted. As safety is paramount to Shell, we will resume operations as soon as it is safe to do so”, Shell spokesperson Natalie Mazey told OE. The Firm is engaged in the primary aspects of the oil and gas sector in more than 70 countries.

“I believe the lessons that came out of the Gulf incident, properly applied, could ramp up the confidence level very significantly, and that’s what the president is putting to the test”, he said.

I grew up in the jungles of Venezuela, child of a Dutch engineer who worked for Royal Dutch Shell.

Alaska needs to exploit its vast natural resources, but do so in a way that heeds the growing threats of climate changes, the state’s lieutenant governor said.