White House clears way for Shell to drill in Arctic
Add BT as a preferred sourceWashington
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.
TRENDING NOW
Singdollar hits 10-month high against ringgit as investors take refuge in traditional safe haven
Apple joins foldable phone race with US$1,999 passport-shaped iPhone Duo
DBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation
Commodity-finance risks back in focus amid Radiant World scrutiny
