Jennifer A Dlouhy: December 15, 2015: Bloomberg.com
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Oil company files appeal challenging rejection by Interior
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Clock now ticking on oil and gas leases expiring in 2020
Royal Dutch Shell Plc is fighting to preserve U.S. drilling rights in Arctic waters three months after halting exploration indefinitely there because it failed to find meaningful oil or natural gas deposits.
Europe’s largest oil company filed a notice of appeal Tuesday challenging the U.S. Interior Department’s Oct. 29 rejection of the company’s requests to stop the clock on Arctic oil and gas leases that otherwise expire between 2017 and 2020. The dispute is expected to undergo an administrative review, possibly delaying a final judgment until after a new U.S. president takes office.