Shell Eyes 2013 Payoff As Arctic Drilling Progress Slows

Law360, New York (July 26, 2012, 7:54 PM EDT) -- Faced with regulatory delays, Royal Dutch Shell PLC is paring back its oil exploration plans in the Arctic, leaving Alaska lawmakers and the industry to hope that some drilling activity this year will pave the way for larger-scale production and new permitting in 2013.

With a roughly three-month drilling window closing and no set start date, Alaska’s lawmakers — long supporters of Shell’s plans — are optimistic that the company can at least demonstrate Arctic drilling can be performed safely, laying the foundation for more extensive...
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