| Shell’s Arctic Fate To Be Decided Soon | |
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The US Bureau of Ocean Energy Management (BOEM), an arm of the Interior Department, said April 10 that it had satisfactorily finished its initial review of Shell’s application, submitted March 31, to drill in the Chukchi Sea and now could begin its final analysis. The Anglo-Dutch energy company has a lease on drilling rights in the region and plans to drill an exploratory well there this summer. Besides getting the BOEM’s approval, it must also undergo federal reviews of its plans for worker safety, the protection of indigenous wildlife and plans for the disposal of wastewater.
Related: Top 4 Energy Innovations On The Horizon Shell’s application is under extra scrutiny because in 2012 the Kulluk, one of the company’s rigs drilling an exploratory well in the Gulf of Alaska, was swamped by a severe winter storm and ran aground at Sitkalidak Island. Given the scrutiny, Shell welcomed the BOEM’s decision to move ahead with its application for drilling in Chukchi Sea. “The execution of our plan remains contingent on achieving the necessary permits, legal certainty and our own determination that we are prepared to explore safely and responsibly,” Shell spokeswoman Kelly op de Weegh said in a statement. Environmentalists denounced the plan, especially the speed with which the BOEM plans to make a final decision. The bureau has set a deadline of May 10 for a final ruling, giving Shell enough time to begin drilling, if it’s approved, in warmer weather.
Related: Who’s To Blame For The Oil Price Crash? |
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Dutch Shell is a oil producing company based in Netherlands. Royal Dutch Shell is listed in Germany, in Netherlands, in United Kingdom and in United States of America. Its market capitalisation is €UR 187.4 billions as of today (US$ 214.0 billions, € 191.9 billions). Its stock quote reached its highest recent level on May 24, 2018 at €UR 31.38, and its lowest recent point on October 30, 2020 at €UR 10.10. Royal Dutch Shell has 8 222 179 840 shares outstanding. |