Shell ordered to suspend Arctic offshore drilling
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ANCHORAGE, Alaska  - A U.S. federal appeals court has ordered Royal Dutch Shell Plc  to suspend oil exploration operations in the Beaufort Sea off the north coast of Alaska pending a legal challenge being brought by environmental activists and Alaska native groups.
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Atmospheric warming threatens to disrupt Arctic oil pipelines in the US and Russia as melting ice caps turn the permafrost into a ``sea of mud,&#39;&#39; an international scientific report said.
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HONG KONG (CBS.MW) -- Anglo-Dutch oil giant Royal Dutch/Shell said Friday it has pushed back its annual shareholders meeting and may delay its 2004 financial report if it needs to restate more of its proven oil and gas reserves.
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Oil major BP Plc  is studying  ways to avoid a complete shutdown of its Prudhoe Bay oil field  in Alaska by using other pipelines to bypass the oil transit  pipelines it is shutting down following the discovery of  significant corrosion on one transit line over the weekend, a  BP Alaska spokesman said.
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Russia has suspended 12 water use licenses for the Shell-run Sakhalin-2 oil and gas project after uncovering violations of environmental law, the ministry of natural resources said in a statement.
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A key production unit of embattled oil giant Yukos was warned it has six months to correct violations at three drilling sites in western Siberia or the sites' licenses would be revoked, the Natural Resources Ministry's press service said Thursday.
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The oil giant won court orders freezing as much as $12 billion in petroleum assets controlled by Venezuelaâs government.
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Russia cancelled an essential permit for a Shell-led consortium to develop the huge Sakhalin-2 oil and gas fields, as a top official warned foreign energy companies may lose their licenses.
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The Norwegian Shipowners Association threatened on Monday to lock out more oil and gas rig workers, a move analysts said could result in a near shutdown of the third-largest petroleum exporter&#39;s production and drive world oil prices even higher.
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Exxon Mobil Corp  has won court  orders freezing up to $12 billion in Venezuelan assets around  the world as it fights for compensation for operations lost to  President Hugo Chavez's nationalization drive.
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The U.S. government will announce on  Tuesday that it is suspending indefinitely a key environmental  review on drilling for natural gas in a scenic area in Montana,  which will halt drilling at least temporarily, the Bureau of  Land Management said on Monday.
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Citing damage to salmon rivers, Russia on Monday withdrew environmental approval for the Royal Dutch Shell-operated Sakhalin-2 liquefied natural gas project.
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OSLO - Norwayâs oil production faces a crisis in mid-November with a threat by oil sector groups on Monday to stage a lock-out to end industrial action which has weighed on the industry since July.
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Russia's state environmental agency has said it had launched a legal challenge to work at Sakhalin-2, a massive oil and gas project led by British group Shell, as efforts continued by state-owned Gazprom to obtain a stake in the project.
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Exxon Mobil Corp.  said Tuesday it had not yet decided whether it will appeal a decision by Alaska's natural resources commissioner that could wrest control of a Alaska North Slope oilfield from the company.
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Unocal Corp. and the Royal Dutch/Shell Group are withdrawing from a natural gas exploration project in the East China Sea, the companies said Wednesday, citing &quot;commercial reasons.
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The troubled Russian oil company Yukos has suspended its oil deliveries to China&#39;s National Petroleum Company, saying it cannot afford the shipping costs.