Shell Gambles U.S. Rules on Drilling Before Arctic Freezes
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Long winter nights and ice that clogs Arctic seas from November through June haunt Royal Dutch Shell Plc’s ambitions to explore for oil off Alaska.
Shell, Europe’s largest oil company, says it must decide by October whether to assume that U.S. regulators will issue all 35 permits it would need to explore under the Beaufort and Chukchi seas next year during the four mildest months, from July to October.