U.S. Interior Department curbs future Arctic offshore drilling

Oct 17, 2015

U.S. Interior Department curbs future Arctic offshore drilling

The Interior Department announced Friday it is canceling future lease sales and will not extend current leases in Arctic waters off Alaska's northern coast, a decision that significantly reduces the chances for future Arctic offshore drilling. The news follows a Sept. 28 announcement by Royal ...

Sep 28, 2015

Shell says it will cease Alaska offshore Arctic drilling

Royal Dutch Shell will cease exploration in Arctic waters off Alaska's coast following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement was a huge blow to Shell, which was counting on offshore drilling in Alaska to ...

/ Jan 8, 2015

Shell, villagers agree to $83.5 million for huge oil spilll

Oil giant Shell has agreed to pay a Nigerian fishing community £55 million (about $83.5 million) for the worst oil spill in Nigeria, an unprecedented settlement that experts say could open a floodgate of litigation there and abroad. Wednesday's agreement ends a three-year legal battle ...

/ Aug 13, 2013

Mexico opens oil sector to investment

President Enrique Pena Nieto proposes historic changes to Mexico's state-run energy sector, cracking open the door for global oil giants such as Exxon Mobil and Shell to invest in Mexico's lethargic 75-year-old state oil monopoly.