Controversial Alaskan Drilling Slated To Begin

Wednesday, September 20, 2000
One of Alaska's most controversial offshore oil ventures, BP's Arctic Ocean Northstar field, is gearing up to drill as early as November -- and company officials say another similar project could soon follow. The Northstar is the target of fervent environmental criticism because it is the first U.S. offshore Arctic production project to use an undersea pipeline. It is leading the way for the Liberty, a nearly identical project now undergoing environmental impact scrutiny by the U.S. Army Corps of Engineers, BP officials said Tuesday. The fields, which hold between 140 million and 150 million barrels of crude oil each, could eventually help steady Alaska's falling production and ease a long decline in U.S. domestic oil output. Drilling from the Northstar field is expected to begin sometime between November 2000 and January 2001, with production beginning in late 2001 at roughly 65,000 barrels per day, said BP spokesman Ronnie Chappell. BP insists Northstar, which runs an oil pipeline for six miles (9.6 kilometers) beneath the Beaufort Sea to the tundra shore, is safe, and adds that Liberty, several miles to the east, will not become anything more than a proposal unless it earns environmental regulatory approval.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Finance

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1017 sec (10 req/sec)