Martin Flanagan: Shell pulls out of Alaska drilling

Martin Flanagan: Shell pulls out of Alaska drilling
 

ENVIRONMENTALISTS are cockahoop. British/Dutch oil giant Shell has pulled out of drilling off the coast of Alaska, one of the remaining great battlefields between the likes of Greenpeace and Big Oil.
The decision came because Shell has failed to find sufficient indications of oil and gas to make the game worth the candle in terms of further exploration.
Shell says it will cease exploration in the region “for the foreseeable future”. And although the company says the well, in Alaska’s Chukchi Sea, was likely to remain of strategic importance, who is to say when in these straitened times for... read more

 
29 September 2015 in Business, Views: 88
Source: Scotsman
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