Shell Halts Alaska Offshore Exploration After Failing to Find Enough OilRakteem Katakey and Winnie Zhu
Company quits Arctic search after dry well in Chukchi Sea
Shell hoped area would hold 10 times the resource of North Sea
Royal Dutch Shell Plc will halt exploration in the U.S. Arctic after $7 billion of spending ended with a well off Alaska that failed to find any meaningful quantities of oil or natural gas.
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