By Ben Winkley: February 28, 2013
Shell will postpone a second summer of drilling in the U.S. Arctic Ocean as it sends its two drilling rigs to Asian ports for repairs, The Wall Street Journal’s Tom Fowler and Ben Lefebvre report.
The move comes as no surprise. Shell has poured billions of dollars into the region and has no production to show for it. Last year it was beset with problems including bad weather, mechanical failures and regulatory challenges.
The Anglo-Dutch major has also faced challenges from environmental groups concerned about the possible effects of an accident in the pristine wilderness (the danger of a spill was shown this week when a shut-in Gulf of Mexico wellhead was struck by a boat, Upstream Online reports).
Full Article (Subscription required)
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
