Shell won’t drill Arctic waters for oil this year

The Shell Oil Co. has abandoned plans to drill for oil this summer in Arctic waters of the Chukchi Sea off Alaska, with its long-delayed oil spill containment vessel damaged and still in far off Bellingham. The gremlins have repeatedly struck the oil giant, which has planned to complete at least five wells in the Beaufort and Chukchi seas. Shell said on Monday that it will not complete a single well and limit its drilling to non-oil bearing areas. “During a final test , the containment dome aboard the Arctic Challenger was damaged: It is clear that some days will be required to repair and fully assess dome readiness,” Shell […] read more