Shell abandons Arctic oil, gas exploration

摘要

Washington—Shell’s decision to abandon its exploration efforts offshore Alaska will likely prevent oil and gas development in US Arctic waters for decades and may, ultimately, block any future drilling there, analysts and experts said on Monday. “At some point, you’ve got to realize that there aren’t commercial quantities [offshore Alaska] to justify the costs,” said David Pursell, a managing director with Tudor, Pickering, Holt & Co. “This is going to put a damper on development there for quite awhile.”