Shell's Arctic Delays Dampen Industry's Drilling Hopes

Law360, New York (September 17, 2012, 6:30 PM EDT) -- Royal Dutch Shell PLC said Monday it would push back oil drilling plans in the Arctic following a series of regulatory delays and technical setbacks, a decision experts say will discourage future offshore projects in the region, even as regulators vow to support Shell's ongoing exploration activities.

Shell has spent the summer awaiting final approval from the U.S. Department of the Interior and the U.S. Coast Guard to drill for oil off the coast of Alaska in the Chukchi and Beaufort seas, but problems with one...
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