Bad times for Shell: suspends drilling offshore Alaska and profits plunge

Friday, January 31st 2014 - 06:29 UTC

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Royal Dutch Shell will suspend drilling in offshore Alaska following an adverse US court decision and as the oil major streamlines operations because of a slump in annual profits, the company said on Thursday. Read full article

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GeoffWard2
'.. (US) court last week ruled that the US government had improperly relied on inadequate information in the process of awarding licenses for exploration ...'

Oh, that's all right then - as long as it's the US Government that made all the mistakes and got it all wrong!
Shell just needs to just submit its bills for lost profits. Sorted!

(Oh, golly! Do you think that the US Government might be finding reasons to ditch the contracts ... surely not!)
Jan 31st, 2014 - 12:29 pm - Link - Report abuse 0
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