Royal Dutch Shell Group .com Rotating Header Image

Shell’s Arctic defeat ends dream of new frontier

Screen Shot 2015-08-24 at 20.18.41

Screen Shot 2015-09-29 at 08.40.08

Screen Shot 2015-09-17 at 07.55.40Christopher Adams, Ed Crooks and Jack Farchy

After nine difficult years and $7bn of spending, Royal Dutch Shell has admitted it has nothing to show for its contentious campaign to discover oil in the Arctic. As it pulled the plug on further drilling — announcing billions of dollars in likely losses — the prospects for a new frontier in exploration faded, too.

FULL FT ARTICLE

Comments are closed.

%d bloggers like this: