Shell to stay in Alaska despite drilling delay

May 28, 2010

Anchorage Daily News

ERIKA BOLSTAD

WASHINGTON -- Shell Oil said it has no plans to leave Alaska, despite the Obama administration's decision Thursday to postpone until at least next year the company's exploratory drilling in the Beaufort and Chukchi seas.

As President Barack Obama announced a slowdown of nearly all deepwater exploration and canceled offshore leases planned in some parts of the United States, Shell officials said they understand the decision and welcome the additional scrutiny the delay brings.

More...

<- Go Back