Shell moves step closer to Arctic drilling

(WASHINGTON) — The Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration in the Arctic, Reuters reported. The company suffered a number of setbacks in the region in 2012, including the grounding of the drill rig Kulluk. The Bureau of Ocean Energy Management will next consider Shell's exploration plan and conduct an environmental assessment.

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By Professional Mariner Staff