Shell delays Arctic drilling plans for a year
Shell last night announced it had shelved its controversial Arctic drilling plans after a series of failures in the quest for fresh oil supplies.
The energy giant said it would halt exploration activity for 12 months in Alaska's Beaufort and Chukchi seas to "prepare equipment and plans for a resumption of activity at a later stage".
The company's £3bn campaign to discover oil was last year subject to a review by the US Interior Department, which said its findings would influence future decisions to issue permits to drill in the region. One of Shell's two drilling rigs, the Kulluk, was damaged after strong weather conditions. Environmental campaigners celebrated the announcement. "Shell's multi-billion dollar Arctic investment lies in tatters, and so does the company's reputation," said John Sauven, the executive director of Greenpeace.
He added: "They were warned that they'd underestimated the huge challenges posed by drilling off Alaska, but they pushed on regardless, determined to spark a new Arctic oil rush."
"We've made progress in Alaska but this is a long-term programme that we are pursuing in a safe and measured way," said Marvin Odum, director of Upstream Americas, Shell's exploration arm.
- 1 Australia to impose 24-hour curfew on all cats to protect endangered species
- 2 Model's video shoot on the beach interrupted by sudden landing of a group of illegal migrants
- 3 The difference between a psychopath and a sociopath
- 4 Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
- 5 MH370 search: Boeing 777 wing that could match missing plane found on the French island of Reunion
Kate Winslet thanked 'particularly horrible' girl who bullied her at school after Titanic success
Australia to impose 24-hour curfew on all cats to protect endangered species
Israel accused of killing 75 children during day of 'carnage' and war crimes in Gaza war
MH370 search: Boeing 777 wing that could match missing plane found on the French island of Reunion
Madeleine McCann 'not the identity' of fair-haired girl found dead in suitcase in Australia
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
Labour leadership contest: I would never quit the party, says Liz Kendall
iJobs Money & Business
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250...
£45 - £55k DOE: Guru Careers: A Financial Controller is required to join a suc...
£12500 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£22500 - £24500 per annum: Recruitment Genius: Inbound and outbound calls with...