Information and graphic sourced from an FT article by Richard Milne in Oslo, Christopher Adams in London and Ed Crooks in New York, published 6 February 2015.
The first of two drilling rigs contracted by Shell will soon leave Singapore and once sea ice has sufficiently receded, will embark on a summer drilling project in U.S. Arctic waters, despite the objections of environmental activists. The Arctic is said to hold nearly a third of the world’s undiscovered gas and 13% of undiscovered oil.
With the recent dramatic fall in oil prices, there is unlikely to be more drilling rigs moving into Arctic waters unless there is a substantial recovery in the oil price.
Statoil says it is unlikely to drill in the Norwegian Arctic in 2015, and together with Dong Energy and GDF Suez, has handed back drilling licences for offshore Greenland.
Chevron have shelved their Canadian Arctic Beaufort Sea drilling plans indefinitely.
ExxonMobil’s joint venture with Rosneft for the Russian Arctic has been thwarted by western sanctions against Russia.
Cairn has had a disappointing experience off the west of Greenland with unsuccessful exploration.
Hence the future of offshore Arctic drilling depends on what happens to Shell this time round and what happens to the price of oil.
Extract from FT article
Wood Mackenzie says offshore Arctic exploration only really happens when oil prices are high. And, even at $100-plus prices there have been few substantial recent finds.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
