Shell withdraws from the Arctic

This is such a huge win for the environment and such a huge loss for oil companies, especially Shell. The company announced recently that it was withdrawing its oil platform from the Arctic, where it was drilling for oil.

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Big Oil is getting smaller

According to PeakOil.com, the seven largest oil companies of the Western world — ExxonMobil, Shell, BP, Chevron, Total, ConocoPhillips and Eni —have seen their oil output decline by 12.4 percent between 2009 and 2013. According to the IEA, if total world oil supply has risen from 85.66 million barrels per day in 2009 to 91.53 … Read more

Shell to keep from drilling the Arctic one more year

Here are good news, as according to Grist : ” The Arctic will be safe from drilling efforts by accident-prone Shell this year, and the oil company says it is reconsidering its very future in the region.” ” (…) The company announced on Thursday that it won’t pursue exploratory drilling in the Arctic this year, … Read more

Shell stops drilling in the Arctic

Shell arctic drillingIn the last few years the ice of the Arctic has been melting increasingly fast. This has increased the willingness of oil companies of all colors and stripes to dig there. Among them, the Royal Dutch Shell.

Given how Arctic oil would be difficult to retrieve safely and how little they would ease the pressure on prices – see my previous posts on the matter – it’s no surprise that the company has suspended for this year its activities there.

Both the Economist and the Huffington Post – as well as many other sources – have dedicated articles to the news. Let’s hope Arctic oil drilling will never happen.

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Nigeria, the world capital of oil pollution

To Climate Progress : “ Wednesday, Shell claimed responsibility for two oil spills dating to 2008 (which) are estimated to exceed the 11 million gallons spilled in the Exxon Valdez disaster. ”  (over 40 million liters)

” As a 2010 article by  the Guardian’s environment editor explained: With 606 oilfields, the Niger delta supplies 40% of all the crude the United States imports and is the world capital of oil pollution. “

” Life expectancy in its rural communities, half of which have no access to clean water, has fallen to little more than 40 years over the past two generations

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