Statoil Decides to Exit Alaska

Statoil Decides to Exit Alaska

Norwegian oil giant Statoil has now announced that they intend to follow Royal Dutch Shell and move its offices out of the state of Alaska according to a press release issued by the oil company. Saying the Chukchi Sea leases were no longer competitive, Tim Dodson, executive vice president for exploration in Statoil stated, “Since 2008 we […]

Shell Ceases Exploratory Operations in Chukchi Sea

Shell Ceases Exploratory Operations in Chukchi Sea

Disappointed by the results of their Burger J exploratory wells in the Chukchi Sea, Royal Dutch Shell announced that they will not be exploring for oil in Alaska for the “foreseeable future,” they said in a statement. Shell said on Monday, that they had “found indications of oil and gas in the Burger J well, but […]