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 […]

Target Closing Down, Pulling out of Canada

Target Closing Down, Pulling out of Canada

After lackluster sales in Canada, the U.S.’s northern neighbor, Target has decided to pull its operations out of that country and 133 stores that are now open there will close their doors for good. Target lost over $1 billion in their first year of operations there and continue to lose money. Less than two years […]