Shell backs out of Alaska for foreseeable future with financial hit

Green Car Congress
By mmillikinSep 29, 2015, 3:30 am75 pts
Shell announced on Monday that it will cease further exploration activity in offshore Alaska for the foreseeable future. The company said the decision reflects the results from Burger J exploration well located in Alaska’s Chukchi Sea; the high costs associated with the project; and the “challenging and…

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