Fri Jul 20, 2007 3:44pm ET
By Yereth Rosen
ANCHORAGE, Alaska, July 20 (Reuters) – A U.S. federal appeals court has ordered Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) to suspend oil exploration operations in the Beaufort Sea off the north coast of Alaska pending a legal challenge being brought by environmental activists and Alaska native groups.
The ruling deals a serious blow to Shell’s plan to drill up to four exploration wells during the brief Arctic summer to test a $44 million bet the company placed on the region in 2005. Oral arguments in the case are set for Aug. 14.