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Oil Giants Set Their Sights on Arctic Waters

Screen Shot 2014-04-04 at 09.49.25Extracts from a Wall Street Journal article by Chester Dawson published 18 May 2014

The U.S. Department of the Interior issued a withering report in March of 2013 that said Shell’s 2012 drilling program “raised serious questions regarding its ability to operate safely and responsibly in the challenging and unpredictable conditions offshore Alaska.” Shell suspended its drilling program in 2013—just before the Interior report was released—and in February this year new CEO Ben van Beurden ruled out resuming the program this year. But representatives say the company remains committed to exploring what it has called the “most promising undeveloped hydrocarbon basins” in the U.S.

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