US cancels Arctic oil drilling leases

The US plans to cancel two Arctic leases for potential oil and gas exploration. They were scheduled under a five-year programme for 2012-2017. The call off is due to “current market conditions” and “low industry interest”, according to the government. The decision follows Shell’s “disappointing” exploration results at the Burger prospect in the Chukchi Sea. The […]

Shell halts Arctic oil drilling for 2013

Royal Dutch Shell has announced it will not drill for oil in the Arctic this year to give it time to take safety measures. The decision to “pause” its exploration drilling programme for 2013 in Alaska’s Beaufort and Chukchi Seas follows a range of environmental and safety warnings last year. Marvin Odum, Director, Upstream Americas […]