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Shell’s Arctic Ambitions on the Rocks

COMMENT POSTED ON OUR SHELL BLOG: Shell never misses an opportunity to tell the world that they have spent $4 billion on the Arctic, but if a small fraction of this amount had been spent on fit for purpose drilling units, rather than using mothballed vessels otherwise destined for the breaker’s yard, we would not have seen the Discoverer beached a few months ago, nor the Kulluk on the rocks today being pounded by heavy seas. As a shareholder, I would expect some clarity as to how $4 billion was spent on the project before a well had even been drilled – the money was evidently not spent where it was needed.

Salvage crews make another attempt to board grounded drilling rig in Alaska

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