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Shell to suspend Arctic offshore drilling program over safety fears
2013-02-27 21:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Shell shut down its 2013 drilling season in the Arctic waters off Alaska on Wednesday, after a series of mishaps and mechanical failures. The oil company said in a statement it was putting its operations off the coast of Alaska on pause for 2013, but remained committed to drilling at a later stage. The decision raises further doubts about the future of drilling in the Arctic given Shell's difficult and costly first season of hunting for oil last year. The company spent eight years and $5bn to...
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Category:Electronics and Electrical