Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

In announcement on Friday, the Department of the Interior cited current market conditions and low industry interest as reasons for the cancellation of two potential Arctic offshore lease sales that were scheduled under the current five-year offshore oil and gas leasing program for 2012-2017. This news comes after Shell’s announcement that it would cease further exploration […]

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 […]