Latest On Royal Dutch Shell Arctic Drilling Plan
Bidness Etc discusses when Shell can resume drilling in the Arctic and analyses the problems it faces
By: MICHEAL KAUFMAN: Published: Aug 11, 2015
Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) is ready to begin drilling in the Arctic. The US Bureau of Safety and Environmental Enforcement had previously banned the company from drilling at certain petroleum sites.
While the company was scheduled to begin drilling on July 30, some equipment used to control a well blowout that was being carried by a safety vessel suffered damage and was sent back for repairs, delaying the project. Shell’s experience in the Arctic has not been that great. Three years ago the company saw one of its rigs come ashore, causing damage to the environment.
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