The Business Times
SUBSCRIBERS

White House clears way for Shell to drill in Arctic

Published Thu, Jul 23, 2015 · 09:50 PM

Washington

THE Obama administration cleared the way on Wednesday for Shell to start drilling in the Arctic Ocean this summer, but the safety restrictions that it is imposing could slow the pace at which rigs strike oil.

The authorisation was widely expected, after the Interior Department gave conditional approval in May for the company's long-delayed application to drill in the untouched waters of the Chukchi Sea off Alaska's north-west coast.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here