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Statoil, Like Shell, Will Abandon Arctic Drilling

2015-11-18 14:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: Statoil, the major Norwegian oil company, announced Tuesday that just like Royal Dutch Shell, it too is abandoning plans of drilling in the Alaskan Arctic. The company said it is exiting 16 leases under its own operation and also shutting down its Anchorage, Alaska office. It is also exiting its stake in 50 leases that, it said, are under the operation of Conoco Phillips. The company cited recent exploration results in neighbouring leases, and added that leases in the Chukchi Sea are no longer...

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