Royal Dutch Shell Plc is seeking additional drilling time in the Chukchi Sea off Alaska as delays have cost the company about two months of exploration this year.
Long winter nights and ice that clogs Arctic seas from November through June haunt Royal Dutch Shell Plc’s ambitions to explore for oil off Alaska.
The 2008 U.S. sale of Alaska oil leases, which raised more than $2.6 billion from companies including Royal Dutch Shell Plc and Statoil ASA, was reaffirmed today by the Interior Department.
The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
Royal Dutch Shell Plc said it will be difficult to complete an exploratory well in the Chukchi Sea off Alaska this year even after the company received a permit to begin limited preparatory work.