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Shell Halts Alaska Drilling After U.S. Appeal Court Ruling

Royal Dutch Shell Plc put plans to drill in Alaska’s Arctic waters on hold for a second year as a court said the U.S. illegally opened the area to exploration.

Europe’s biggest oil company, which spent about $5 billion over seven years preparing to explore the Beaufort and Chukchi seas, halted work last year after a series of mishaps in 2012.