Shell Announces Alaska Arctic Operations Cease after “Disappointing Exploration Outcome”

It’s been a long and controversial ride for the largest European oil company who first discovered oil and gas in the region in the late 1980s. The company was looking to go full gear during a two-year drilling program starting this July after it halted its operations in 2012 when its primary drilling rig ran aground and was lost. However, Shell has now decided to cease further exploration activity in offshore Alaska for the foreseeable future.