Tag: Shell Alaska

Statoil abandons US Arctic petroleum leases off northwest Alaska coast

Statoil giving up 16 Chukchi Sea leases ANCHORAGE, Alaska _ Statoil, a Norwegian-based oil company says it is abandoning plans to drill in the Arctic Ocean off the northwest coast of Alaska. The company made the announcement on Tuesday that it’s giving up 16 of its company-operated leases in the Chukchi Sea. “Since 2008 we have worked […]