Shell suspends drilling in Alaska as profits plunge | Bangkok Post: news

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Shell suspends drilling in Alaska as profits plunge

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Royal Dutch Shell will suspend drilling in offshore Alaska after a US court decision and as the oil major streamlines operations following a slump in annual profits, it said on Thursday. 

Greenpeace activists stage a protest on May 10, 2012 on the roof of a Shell petrol station in Prague

The Anglo-Dutch group said it would halt the project this year after a federal appeals court last week ruled that the US government had improperly relied on inadequate information in the process of awarding licences for exploration in Alaska.

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