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 […]