Thursday 5 May 2016
 
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Alaska

Major earthquake hits south Alaska

A major earthquake hit southern Alaska early on Sunday, the US Geological Survey said, setting off tremors felt more than 170 miles (280 km) away in the state's biggest city Anchorage. Twitter users reported feeling shaking, b

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Shell to cease further exploration in Alaska

Royal Dutch Shell said it would cease exploration activity in offshore Alaska for the "foreseeable future" and take a writedown of about $4.1 billion after failing to find enough oil in the region. The company said it di

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Shell to cut spending, sell assets after profit warning

Anglo-Dutch oil company Royal Dutch Shell plans to sell assets, cut spending and freeze a controversial Arctic drilling programme to improve returns after a major profit warning. Just a month into his new job as chief executive of

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Obama unveils oil drilling plan

US President Barack Obama has committed to annual oil and gas lease sales in Alaska's National Petroleum Reserve and to speeding up production in other areas. In his weekly radio and Internet address, the US leader admitted that one of the

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Brent crude at 27-month high near $98

Brent crude prices stayed  near $98 on Wednesday, the highest level since October 2008, as  production shutdowns in Norway and Alaska raised expectations  of an accelerated tightening of supplies in Atlantic basin,  Middle East

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Arctic explorers to chart sea ice melt

Three British polar explorers will set off from Alaska early next year on a trek to the North Pole to try to establish when Arctic summer sea ice will finally vanish because of global warming. The sea ice is already receding at a rate of 3

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BP to restart hit Alaskan output

BP says it expects to restart 10,000 barrels per day of Alaskan oil output cut for a week due to a spill. The UK energy group halted the output from its Prudhoe Bay oil field due to a small leak in one of its pipes. Although less

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