Royal Dutch Shell PLC said that it did not find sufficient quantities of oil and gas during drilling off the shore of Alaska, and will stop further exploration.
The company drilled in 150 feet of water about 80 miles off the northwest coast of Alaska, The Associated Press reports, the first exploratory well in the Chukchi Sea basin in 24 years. Shell USA President Marvin Odum said Monday the company, which spent roughly $7 billion on developing Arctic offshore drilling, is disappointed in the outcome. Environmental activists in Seattle and Portland tried to block Shell vessels from making their way to the Arctic over the summer, saying drilling would put polar bears and other animals in danger.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
US won its war on 'murder hornets,' officials saySpeed Read The announcement comes five years after the hornets were first spotted in the US
-
California declares bird flu emergencySpeed Read The emergency came hours after the nation's first person with severe bird flu infection was hospitalized
-
Trump, Musk sink spending bill, teeing up shutdownSpeed Read House Republicans abandoned the bill at the behest of the two men
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
