An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska’s northwest coast.
An effort to give the United States a new source of domestic oil and refill the trans-Alaska pipeline took a hit Wednesday when Royal Dutch Shell PLC announced it will suspend offshore petroleum drilling in the Arctic Ocean for 2013.
Tow lines are again secured to a Royal Dutch Shell drill ship that was adrift in the Gulf of Alaska.
Shell Oil’s flotilla of Arctic Ocean vessels is heading for warmer waters.
Royal Dutch Shell PLC says that after several setbacks, it no longer plans to try to drill deep enough to reach oil in exploratory wells off the coast of Alaska this year.
Shell is sending the capping stack, skimmers, boom and a containment dome on board a flotilla accompanying drill ships to Alaska’s northern shores as part of a spill response plan that has the blessing of Interior Secretary Ken Salazar. Shell expects final approvals within weeks and drilling by late this month.