Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Shell halts Arctic drilling

Sep 18 2012 14:27 AP

Related Articles

Shell wins $150m oil deal in Tunisia

Shell all set to spend R1.6bn on fracking

Shell slapped with $5bn oil spill fine

Shell tops forecast on higher prices

Shell scrambles to pay Iran oil bill

Shell shuts oil station in Nigeria

 

Anchorage - Shell is limiting Arctic drilling off Alaska to just preparation work this year after suffering several setbacks, but the company says it remains optimistic about the project's prospects.

Netherlands-based Royal Dutch Shell announced earlier Monday that a containment dome being tested off the coast of Bellingham, Wash., was damaged Saturday.

Environmental groups quickly blasted the company, saying the latest setback and others are evidence the oil industry cannot safely drill in the Arctic.

The president of Royal Dutch Shell's US subsidiary, Shell Oil Co, told The Associated Press that, although the company no longer plans to drill deep enough to reach oil this year, it has made great strides with its exploratory wells off the Alaska coast.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
shell
NEXT ON FIN24X

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...